family finances tagged posts

Thanks to L. K. Benson for sharing this blog about inflation.

Inflation is an important financial concept to understand and has always been a critical factor in our long-term financial planning analysis for clients. It can be difficult to grasp how rising prices erode the purchasing power of your cash when the inflation rate is low and you don’t see and feel the effects of prices rising on a regular basis. That is exactly the environment we have been in for almost forty years, which can be seen clearly in the following chart:

From 1983 to 2021, you can see a downward trend in the Consumer Price Index (CPI), which is the most frequently cited measure of inflation. The average CPI over that time was around 2% and it rarely spiked very high above that...

In this issue of my Monthly Item of Value, learn good financial habits that will help you throughout your lifetime.

By following this list of tips, you will be able to make the most of the money coming in and help your lower your debt and raise your savings and investments.

• Be mindful of spending.
• Create and stick to a budget.
• Pay off one debt at a time.
• Continue building your emergency savings.
• Keep contributing to your retirement.
• Create a budget.

For the full report click here.

Thinking of buying or selling your home? Contact Gigi today to set up an appointment.