And shop around for a cheaper auto insurer. While it s true that money market funds currently pay next to nothing they re the cash investment of choice during periods of rising inflation.
Create multiple income streams.
How to inflation proof your money. Keep those skills and resume sharp. Figure out how many blades you go through in a year then go to costco or sam s club or bj s and buy five times that amount. Some of the best stocks to own during inflation would be in companies that can increase their prices naturally during inflationary periods.
Split your cash into pots some 76 78 of all high street savings are in easy access accounts and while they re. Trade t bones for chicken breasts the price of which has tracked inflation the past five years. I can nearly guarantee a return on your investment at the end of the.
There are some companies that do better than others in inflationary environments. There are a variety of methods by which you can inflation or deflation proof your portfolio. 7 steps to recession proof your life.
Build that emergency fund. We are addicted to information but most of it is noise. Does the average person need to know how the stock market is doing on a.
How to inflation proof your portfolio 1 pick the right asset class. Turn off the news. If you suspect that inflation will be a factor in the future it s best to keep any cash type investments in money market funds.
Reach for a glass of wine down 2 over the past five years instead of a bottle of beer up 9 then take the strategy wider. Consider the long. Carpool to work or use public transit to save on gas.
Commodity resource companies are one example. Your money personal finance wealth management budgeting saving banking credit cards. Real assets like gold and property as well as their related shares generally do well.
How to inflation proof your savings 1. Keep cash in money market funds or tips. In this article i ll break down how you can use inflation to your advantage because if you don t it will rob you of the value of your money and diminish your quality of life.
Move your easy access account we all need 3 6 months worth of emergency savings in an easy access account but if.