Should I Adjust My Budget Based On Inflation?
Nix the guesswork and scrolling. We’ll connect you with investment pros we trust:
Visit the Dave Ramsey store today for resources to help you take control of your money!
The new Borrowed Future uncovers the dark side of the student loan industry and exposes how the system is built to work against you.
Watch Now:
Did you miss the latest Ramsey Show episode? Don’t worry—we’ve got you covered! Get all the highlights you missed plus some of the best moments from the show. Watch debt-free screams, Dave Rants, guest interviews, and more!
Want to watch FULL episodes of The Ramsey Show? Make sure to go to The Ramsey Show (Full Episodes) at:
Check out the show at 4pm EST Monday-Friday or anytime on demand. Dave Ramsey and his co-hosts talking about money, careers, relationships, and how they impact your life. Tune in to The Ramsey Show and experience one of the most popular talk radio shows in the country!
Ramsey Network (Subscribe Now!)
• The Ramsey Show (Highlights):
• The Ramsey Show (Full Episodes):
• The Dr. John Delony Show:
• The Rachel Cruze Show:
• The Ken Coleman Show:
• EntreLeadership: …(read more)
LEARN ABOUT: Investing During Inflation
REVEALED: Best Investment During Inflation
HOW TO INVEST IN GOLD: Gold IRA Investing
HOW TO INVEST IN SILVER: Silver IRA Investing
Inflation is a phenomenon that affects every aspect of our lives, from the prices of goods and services to our personal finances. As a result, it is important to understand how inflation can affect your budget and how to adjust it accordingly.
Inflation is a general increase in prices of goods and services over time. This means that the same amount of money will buy you fewer goods and services in the future than it does today. Inflation is caused by a variety of factors, including increased demand for goods and services, changes in the cost of production, and changes in the money supply.
Inflation can have a significant impact on your budget. As prices rise, it becomes more difficult to afford the same level of goods and services. This means that you may need to adjust your budget to account for the higher cost of living.
One way to adjust your budget for inflation is to increase the amount of money you set aside each month. This extra money can be used to cover the increased cost of goods and services. You may also want to invest some of this money in an inflation-protected investment, such as a Treasury Inflation-Protected Security (TIPS). These investments are designed to keep up with the rate of inflation, so your money will not lose its purchasing power over time.
Another way to adjust your budget for inflation is to cut back on unnecessary expenses. Take a look at your budget and see where you can make cuts. Do you really need that daily latte or can you make your own coffee at home? Are there other areas where you can reduce spending?
Finally, it is important to keep an eye on inflation. The Federal Reserve publishes the Consumer Price Index (CPI) each month, which measures the rate of inflation. This information can help you adjust your budget accordingly.
Inflation can have a significant impact on your budget, but it doesn’t have to be a cause for panic. By understanding how inflation affects your budget and taking steps to adjust it accordingly, you can ensure that your money will not lose its purchasing power over time.
Nix the guesswork and scrolling. We’ll connect you with investment pros we trust: https://bit.ly/3hc6Pgt
I bought a car .negative thinking didn’t stop me.
Tried reaching out to make initial inquiry about smartvestor pro online, no response.
If you are living within your means this inflation is just a mild inconvenience
Great advice Davie!
There’s no shortage of cars. What happened to the unsold cars that was on the lot? Used cars sitting everywhere on car lots for sale. I’m not going to pay a penny for overpriced vehicles.
you don't really have a choice if the things are more expensive.
LETS GO BRANDON!
I wish the callers would get to the point quicker
FJB
All of a sudden Dave looks like a Russian mobster with the track jacket
With the infrastructure bill that just passed I've been hearing that they slipped in kill switches and all the new cars so the government's able to turn off the new cars anytime they want
Rachael lookin like a snack
The thing is company's now are purposely slowing down manufacturing to keep car prices high sad but true alot of this inflation is honestly corporate greed at this point and people need to call it out
Of course this is when I have to buy a used car. Luckily for me I’ll drive it for the next 10-20 years if it lasts.
only an idiot who doesn't have assets that keep up with inflation would be concerned and impacted by inflation.
Cut back and give these greedy companies a middle finger in doing so. They used the inflation as an excuse to raise prices even more and are bragging about their record profits.
lol what a non answer. Dave is really not in touch with reality.
WWJD? Not charge or do "interest". It's against the Buybull.
Yes.
It is a horrible time to purchase anything.
i dont think the suppy chain issue will resolve any time soon. i think its intentional now.
Everything going up my electricity went up and gas bill too am like dam.
I'm planning on home improvement. I told my husband, the longer we wait. Prices are still going up.
i think the automotive industry likes high profit low volume
Used cars are going to drop like a rock and if you can hold on soon your going to get a nice used car for cheap
Fjb
Wow, people are just freaking stupid.
Dave looks like he’s about to run a track meet.
Most people have control over inflation if you cotrol your SPENDING
The Ramsey Show: The Show For Fake Christians
There's a WORLD of difference when Dave talks to a really smart guy like this caller vs Dave talking to an IDIOT "Should I pay off my girlfriends or boyfriends debt?"
I’ve definitely stopped making extra trips I don’t move my car unless I absolutely have to
Unless you have propane for your utility
Has the world gone mad ?? Honestly
It didn't seems like Dave fully listened to the caller's question tho. Shame, cause I would have liked to hear an answer to his actual question
I had to chuckle at Dave's emo/goth fingernail…
This video: Tell me that you believe in Inflation without actually acknowledging inflation.
It's not going back to normal. They devalued the dollar
I like Dave’s gopnik outfit here. Just needs some sunflower seeds and Baltika
Adjust based on how inflation actually affects you.
Matthew 19:24 And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.
I shop for sales at the grocery store, especially the meat. Stay away from impulse food.
Once you realize you spend more, cut off the least required or buy less of them
It's gonna be like this for the next three to five years. He who hesitates is late. Let's Go Brandon!