Ep 10: Budgeting During this Inflationary Period
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Ep 10: Budgeting During this Inflationary Period
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About this listen
With inflation on a steady rise and higher prices impacting many pre-retirees and retirees, you may need to re-evaluate how you’re spending and stretching your budget. On today’s episode, Blake and Mark are going to discuss some ways you can save and help your budget during this inflationary period.
Firstly, you want to calculate your net income to truly understand how much you can spend on a monthly basis. Some things are negotiable, while others like your mortgage probably aren’t. So, it’s important to find the happy balance between saving money and continuing to do the things that are important to you. Let’s explore this concept and some areas you can look at cutting costs.
Helpful Timestamps:
0:33 – Did you have a good St. Patty’s?
3:30 – Inflation is on a steady rise
5:45 – Non-negotiable versus negotiable
7:54 – Ways you can cut costs?
10:56 – Budgeting with insurance
12:35 – Groceries are also going up!
14:52 – Make sure you get what you need
16:25 – Set a date to check on your progress
19:17 – Question: “Discretionary versus required expense?”
Website: https://www.nationalretirementgroup.org/podcast
Email: info@nationalretirementgroup.org
Phone: 888-401-0107