Managing inflation is critical for achieving financial stability. To get started, calculate your personal rate of inflation and use credit cards wisely to stay ahead of it. Subsequently, make strategic cuts in discretionary expenses and seek out sale events when shopping for essentials. This will leave more room to invest your savings into assets with tangible returns.

Ways to save money in times of inflation

As an individual, you must have also felt the impact of inflation in some form, such as an increase in health insurance premiums by 15% or an increase in the cost of groceries by 10%, etc. You can take the following steps to save money during these high inflation times.