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9 Tips To Adjust Your Budget For Inflation

Budget for Inflation

U.S. inflation reached 7.9% last month, which is a 40 year high and could cost you up to $4,800 a year. This is the largest spike in inflation since the recession of 1982.

But that’s not all: the Federal Reserve is warning that these high prices are here to stay for at least the next three years.

What makes inflation so financially damaging is that for most of us, our incomes remain stagnant while costs skyrocket around us. In other words, each dollar you earn doesn’t go as far as it once did.

While we can’t avoid inflation, we can minimize the toll that it takes on our budget. Sure, the rising cost of living stings, but it doesn’t have to sting that much. Here are 9 tips to adjust your budget for inflation!

The post 9 Tips to Adjust Your Budget for Inflation originally appeared at The Budget Mom.