3 essential steps you need to take when inflation increases

Usually, inflation isn’t too bad. In the past decade, for instance, prices have risen by less than two percent a year.

In the wake of the pandemic, however, prices have risen about 5 percent over the last year. That’s enough for most people to notice that their paycheck won’t go as far as it used to, and unfortunately the less you make the more you’ll notice this.

You’re not helpless, though. You can take some steps that will not only lessen the effects of inflation but might even improve your financial situation.

 

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