πΈ Manage Inflation (Better Than the Fed)
Inflation is spooky seasonβs scariest hatchet-wielding menace, and weβre here to rip that cheap expensive Halloween mask off with 4 ways to manage the hell-raising prices.
In today's email:
Read: 4 Ways to Cope with Inflation
Listen now: Stretch your dollar, not yourself.
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ποΈ Ask Your Work Wife is a new podcast for ambitious professionals in Corporate America. Listen on Spotify and Apple Podcasts.
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4 Ways to Cope with Inflation
Youβve clocked those unbelievable price tags on everything from groceries to, well, everything! Wages canβt keep up; your income would have to jump 55% to make the housing market affordable. Life is more expensive lately and everyone is feeling it, but there are ways to relieve the pressure.
π£οΈ Open Up Raise Discussions
Itβs time to schedule that momentous 1:1 with your manager to boast about your recent wins and what your scope demands in dollars. Donβt rely too much on inflation as a reason for the raise; highlight your niche skill set and value-add to your company instead. Check out our guide to securing a well-deserved raise to help cushion the higher cost of living.
π§Ύ Revisit Your Budget
Most Americans donβt have $400 for an emergency (including some of the highest-paid people in America). So youβre in good company if thatβs you, but we want you to make new, thriftier friends. Itβs time to revisit your βbare bones budgetβ and take stock in how much your life now costs month to month. Once you establish your new baseline, ask yourself the tough questions: What can you NOT live without? Can you cut back somewhere else to avoid losing that non-negotiable thing?
π Rethink that Resignation
Pervasive toxic work environments can be detrimental to personal wellbeing, so by all means get outta there if you must! But, if youβre ready to jump ship, maybe skip this shark-infested inflation waters and wait for another job to cruise by. You never know how long youβll have to hunt for a job, so make job hunting the side hustle while you sit on your comfy, consistent income.
π Explore Side Hustles
Got a hobby that can make you some petty cash? Letβs cashflow some of those regular expenses. Take stock of your free time and decide what level of commitment elsewhere is manageable. We are by no means advocating a run-yourself-ragged approach to inflation. Find an endeavor that fits your bandwidth.
π§ Rising prices got you down? Listen to Episode 80 | Personal Finance Lite on Spotify or Apple Podcasts.
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Stretch your dollar, not yourself.
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