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Why Is Inflation So High? The Best Steps  To Survive

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The latest consumer price index (CPI) reports a 7.7% increase in inflation over the last year (a 40- year high).

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How Can  You Survive  High Inflation

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1. Build An  Emergency Fund

Work to increase your emergency fund to cover at least six months of expenditure so that you can maintain your standard of living.

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2. Save More

The best way to protect yourself from inflation is to save more; it means setting aside a percentage of your income for some return on investment.

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3. Re-Evaluate  Spending Habits

Consider lowering your overhead by cutting back on things like eating out at restaurants, subscription services, gym memberships, etc.

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4. Look For Additional Sources Of Income

If you’re struggling to make ends meet, consider taking on a part-time gig or freelance job.

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5. Become A  Bargain Hunter

This period is the perfect opportunity to research and compare prices, find coupons, and hunt for sales and discounts.

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