Hands up if you’ve uttered the following at least once in the past few months: “OMG, everything is so expensive these days. Did you know that I paid [crazy amount] for [this seemingly mundane thing]? Unbelievable.”
Whether you’ve been directly impacted by increasing mortgage rates or by the rising costs of day-to-day necessities, it’s no secret that inflation has negatively affected our lives.
To counter the effects, most of us would have curbed our spending – according to the Her World What Women Want survey 2023, where we asked 800 respondents about their relationship with money, we learnt that 92% reduced their spending because of inflation. Of these, 75% reduced their spending by 5-20%.
Tweaking our lifestyle habits to accommodate rising prices stinks, to put it mildly. 69.9% of the Her World respondents mentioned that compromising on their lifestyle is a deterring factor when it comes to reducing their spending.
But here’s the kicker: Despite your sacrifices, simply reducing the amount you spend is not enough to beat inflation and safeguard your future.
So what
