Only buy things you need
At the risk of donning my hairshirt… don’t go buying things you don’t need. In fact, this might be a good time for some of us to whip out the dictionary and rediscover the difference between ‘need‘ and ‘want‘. You don’t need a new flatscreen TV, car or holiday in the Bahamas. And you certainly don’t need to be paying for it on your credit card. If you’re on a super cheap or free credit card deal just now, expect to find it much harder to get cheap credit when that deal ends.
Now is the time to be paying down debt and seeing how much you can save from your monthly budget. The next couple of years are going to be a very rocky financial road for the UK and US given the current U.S. inflation rate… so get your finances sorted.
Tags: current u.s. inflation rate, personal finance advice
