Earlier this week I hosted a discussion for a few women around money. And one of the most memorable statements was, 

“every time I walk out of the house, I feel a little bit poorer.” 

I think we can all relate!

No doubt inflation is a problem and its hurting those on a fixed income, like retirees and anyone receiving benefits, the most. 

But, for the rest of us, I was trying to figure out IF there are any advantages…

Here’s what I came up with:

• Buying and throwing away less stuff because clothing & other things are more expensive - so there’s less trashing the planet 🌎

• Getting creative with how we connect - finding free (or cheap) ways to spend time with friends and loved ones such as nature, potlucks, online, & making our own fun

• Eating healthier by cooking at home instead of going to restaurants or getting take-out

• Consuming fewer calories without noticing. See image of one of my favorite protein bars, before and after shrinkflation

• Paying off debt is easier because money is worth less

• Taking the opportunity to practice negotiating for a higher wage

Initially when inflation started increasing in mid-2021, it seemed prices were going up because of constraints in the supply chain and excess demand, both a result of COVID and stimulus packages.

Then, even companies that weren’t affected by supply chain issues ALSO started raising prices. Because they could. Because of lack of competition. 

So, if companies are raising prices, but are not paying people more or they’re doing layoffs, where is that money going?

Profits. “Greedflation.”

Profits may go back into growing the business, they may go into exec pockets, or they may be paid out to shareholders. 

So, how do you get your own piece of the profits? By being a shareholder. 

The stock market is up 11.5% year-to-date. 

This is why I’m always on my soapbox about needing to make whatever changes in one’s budget to be able to invest. Investing also helps protect your money from inflation because over the longterm (most) investments increase in value, which more than accounts for inflation. 

Because higher prices are taking more away from us each month, we need to be proactive to protect our wallets AND our savings. That means increasing your income and/or spending less.

So, whether you’re looking to negotiate a raise or update your budget, I can help. 

Book a call with me and let’s get your finances working for your current situation, and set you up for a wealthier future you.

Leave a comment: do you see any advantages for consumers with this level of inflation?