A young person’s guide to managing inflation

5 tips from trusted financial advisors

An illustration of a hand dropping coins into a piggy bank with windmills and butterflies in the bac...
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You may have been hearing money experts talk about inflation lately. In kindergarten terms, rising inflation means the price of life is about to go up. Here’s what you can do to deal with it, according to financial advisors.

1. Make a budget and commit.

Doing the difficult work of planning before you start spending will save you hundreds of dollars, Sharp says. Not only that, but recent research suggests that milennials who spend less and save more are happier, so sticking to a budget might also positively impact your emotional health.

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