Given the state of inflation, uncertainty in the labour market, and the looming specter of a recession, many of us are currently focusing on our day-to-day finances, allowing our savings goals to take a backseat for the time being. However, a tough economy is exactly when building up your savings should be a priority — specifically,…
Most of us have a general idea of what inflation means: Stuff gets more expensive. Of course, inflation is a bit more complicated than that. It plays a pretty significant role in your day-to-day finances, from your income to the cost of your milk to how much you’ll earn on your retirement savings.