064 | Inflation Nation | How To Better Manage Money During An Inflationary Time

Show Summary:

In today’s show, we talk about the current state of inflation and what we can all do to better manage our money during this time.

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Intro:

We start the show by celebrating G-Tober.  Happy G-Tober everyone!  

Main Discussion:

We have all been dealing with inflation over the past year.  We have a thorough discussion about what inflation is, the good and bad of inflation, and what we can do to better manage our money during an inflationary period.

Action Items:

• Adjust your budget.
• Consider holding less in a cash-based emergency fund.
• Delay big purchases.
• Ask for a raise or get a new higher-paying job.
• Invest vs. save.
• Re-finance adjustable-rate loans to fixed-rate loans.
• Borrow and do not repay aggressively.
• Decrease energy usage.
• Buy goods that will last even if more expensive.
• Prepare for shortages.

Key Topics:

• Inflation
• Purchasing power
• Money supply
• Supply & demand
• Scarcity
• Hoarding
• Opportunity cost
• Supply chain
• Interest rates
• Cost of goods

Resources Mentioned In This Episode:

None

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