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Reassessing your budget, taking advantage of sales and rewards programs, and opening a GIC are ways to hedge against inflation.​​​​​​​​​ High inflation can be a cause of financial stress for many Canadians. Increasing your income to align with prices is one way to hedge against inflation, but that’s easier said than done for many reasons. Here are some other ways to manage soaring costs if making extra money isn’t possible right now. 1. Reassess your spending habits 2. Take on new debt sparingly (and avoid variable rates) 3. Become a sale shopper 4. Maximize loyalty and reward programs 5. Be strategic with savings Get all the details at https://www.nerdwallet.com/ca/personal-finance/strategies-high-inflation-rate Written by Hannah Logan

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