Inflation happens when prices increase for things like labor, production and debt payments. As these prices rise, the price of all products and services go up. If your savings are not in inflation-protected investments, the money will be worth considerably less when you finally take it out of savings and try to spend it. You should consider the following when looking for ways to protect your savings from inflation:
Remember to factor in inflation to your savings and investing plan. If you ignore the affects of inflation your investment return will be significantly less and your savings dollar will not go as far when you finally pull the money out.
The premise of saving money is simple. Spend less. How can you cut monthly expenses to find money to save?
Discover MoreEcclesiastes says that there's nothing new under the sun. That may be true, but Health Savings Plans are still an ...
Discover MoreCollege is more a social necessity than ever and the financial costs are high. Saving for college, while sometimes an ...
Discover MoreThere are currently no comments for this tip. (Be the first to leave your comment—just use the simple form above!)
Copyright © 2025 Sharon Parq Associates, Inc.
Comments