Following the holiday season, many bank accounts are now in the red as a result of holiday spending and inflation.
TIPPECANOE COUNTY, Ind. (WLFI) — Inflation continues to the Greater Lafayette community in 2024.
Following the holiday season, many bank accounts are now in the red as a result of holiday spending and inflation.
News 18 spoke with two financial planners, Jessica Rebmann from Turquoise Wealth Management and Brandon Gregg with BBK Wealth Management, for tips on saving money as part of your New Year’s resolution.
- Dig into the details of your expenses
- Look for small purchases or subscriptions that you may not need
- Create a budget if you haven’t already
- Pay yourself first and set aside money for vacation, emergencies, or retirement funds.
Kaleb Caliz, a working high school student is noticing the impact of inflation.
“I haven’t been saving as much. I’ve just been kind of spending but as I’ve grown older — yeah I plan to save more money. I do know a little bit about inflation but I’d say that overall around our area and community I feel like it’s affecting us.” Caliz told News 18.
In a time where inflation is affecting our wallets, experts also say that starting small and taking small steps in planning will pay in the long run.
Credit: Source link