US Money Reserve: Inflation and How It Affects Us

An article from the US Money reserve reports that inflation is on the rise and it is going to have a huge effect on how we spend our money and how much we have left to save.

 

We’ve all heard our parents talk about Inflation, but what exactly is it and should we be concerned? Inflation is defined as a general increase in prices and fall in the purchasing value of money. Essentially this means that what cost you $2 last year will cost about $2.42 this year. It’s not much when you think of it in terms of a few cents increase but multiply that by everything you would purchase in a year.

 

For instance, let’s say you typically spend $200 a month on groceries for you and your family. Over the course of a year, you would have sent $2,400. At the current rate of inflation which is 2.1% next year, you could be paying $2,450 for those same groceries. That’s an extra $450 which is easily a car payment, a credit card bill or a down payment on the family vacation. Over the course of 10 years, that’s thousands of dollars that could be going into your retirement account or that could be used to improve your standard of living!

 

No matter where you are in your financial journey, it’s a good idea to keep an eye on inflation and one of the ways we measure it is with the Consumer Price Index (CPI). The CPI tracks the prices of the things we purchase the most and reports the changes in prices over time.

 

Monitoring inflation becomes important as you plan big changes. If you are thinking of asking for a raise or changing jobs you want to consider the rates of inflation and what effect they will have on your income. Knowing that the cost of goods and service will go up 2.1% every year makes that obligatory 2% raise at work a bit useless. That’s what folks mean when they say their salary is barely keeping pace with the inflation. Inflation may affect how you feel about family planning. Knowing how expensive goods and services are and will become could affect how many children you’d like to have, where you are able to live, and where you can send your children to school.

 

Here are some other ways high inflation rates can hurt you:

 

  • Less Buying Power – I mentioned above how your money doesn’t go as far. You’ll be paying the same amount but getting much less for it.

 

  • Fewer Savings – Paying more for everyday items means less money for savings.

 

  • Higher Interest Rates –Inflation affects everything from credit cards to car loans to mortgage interest rates!

 

So how do protect ourselves against inflation? The best way to fight inflation is to live below your means and use a few money-saving tactics such as:

  • Growing some of your own food with a garden
  • Asking for a larger raise at work
  • Couponing and buying in bulk
  • Driving a smaller car or becoming a 1-car household

 

Learn more about inflation from the US Money Reserve at https://www.usmoneyreserve.com.

U.S. Money Reserve Makes Gold Buying Simple

 

When it comes to investing and buying assets or commodities, brokers tend to make things really complicated. While some people just chalk it up to the process of buying assets, there are those that would prefer if the process was simpler. After all, just because one is potentially paying for more wealth does not mean that he has to be given headaches. This is the mentality that U.S. Money Reserve has for buying gold. Not only do they make sure that the process is simple, but they also make sure that they are only selling the highest quality in gold. This makes sure that people holding the asset will be able to gain wealth over time.

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Learn more:

http://www.bizjournals.com/prnewswire/press_releases/2016/09/02/DA82547

 

In order to match the simple process of buying gold, U.S. Money Reserve has taken the time to improve their website in order for it to be simpler to use. The older website was simple enough to begin with. However, this shows how much they are thinking about the customer. They want to find ways to improve upon the services they provide customers. The process is not a lot simpler and quicker for people that are looking to buy gold and save it for a time when it has gained enough worth to profit them.

 

U.S. Money Reserve also sells silver in bars and bullion form. The options that customers have make it easier for them to profit on the purchases they make. They also have something to hold on to that is always going to have value. For one thing, other economies are fragile and could collapse completely. This is one of the reasons it is important to have assets such as gold stored away.

 

It is always important to look for alternate ways to generate income. U.S. Money Reserve has a legitimate way to gain income for people. After all, leverage is one good way to make money. A lot of people who depend on just work to make their money for financial independence will find themselves blindsided by many unexpected expenses. With gold investing, they will be protected from these issues.