Budgeting is your way of planning how to spend your money. It is simply balancing your expenses with your income. If they do not balance and you spend more than you make, you will have a problem. Many people do not realize that they spend more than they earn and slowly sink deeper into debt every […]
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How does inflation affect your retirement benefit?

What is inflation? Inflation is the general increase of prices over time, which inevitably decreases your purchasing power. What caused inflation to rise in 2022? 1)Cost-push – workers’ scarcity and shipping complications caused by covid-19 increased prices substantially.  The war in Ukraine also contributed to rises in energy and food prices. 2)Demand-pull – many countries, […]
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