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What are some of your tips to cope with inflation?
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Ivan Guan
12 Jul 2022
Founder at SGMoneyMatters.com
Focus more on earnings than savings.
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Track your expenses, and review it with bird's eye view regularly (e.g. monthly):
- On areas which are overly spent, see if they can be reduced.
- On areas which have potential savings, see if it ca be accumulated and set aside for future saving or investment.
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Jonathan Chia Guangrong
Edited 12 Jul 2022
SOC at Local FI
Look into areas of expenses that can be lowered or cut completely. Invest for income, not just growth.
Take advantage of current market prices and buy in when possible.
Also, consider inflation linked bonds. Easiest way is to buy into TIPS etf
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It may be difficult to increase income and easier to cut down on some wants. On top of what's been s...
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Rethink what you really need for a decent life.
reconsider your investments:
5-7% performance minus inflation % seems maximum longterm performance realistic for individual investors (total performance, including rented out real estate)