💗💗 Thank you for sharing this! I’ve found financial headlines are much less stressful for me the more I’ve learned about personal finance (a privilege of being full-time in the industry for seven years), and I hope to pass that on as much as I can.
Nice job. Small addition, not directly related to a possible recession: Calculate your personal CPI using one of the calculators out there. Just google "personal CPI calculator" and you'll have several choices.
November's annualized inflation rate: 7.7%. But this number reflects the cost of a basket of goods and services that might not represent an individual's consumption basket. For example, if one has a long commute, gas prices are very important, thus making one's cost of living higher than 7.7%. Conversely, if one bikes to work, the effective, personal rate of inflation could well be lower than 7.7%.
Having a personalized notion of one's cost of living could well influence spending and consumption decisions.
Thank you for your work! You are making money less scary and I appreciate that so much!
Thank you for this! That's my whole purpose, and this makes my 💗
This was very helpful. Thank you, truly calmed me.
💗💗 Thank you for sharing this! I’ve found financial headlines are much less stressful for me the more I’ve learned about personal finance (a privilege of being full-time in the industry for seven years), and I hope to pass that on as much as I can.
Nice job. Small addition, not directly related to a possible recession: Calculate your personal CPI using one of the calculators out there. Just google "personal CPI calculator" and you'll have several choices.
Thanks for this info; I hadn’t heard of personal CPI. Can you say more about it? What are we meant to do with the information?
November's annualized inflation rate: 7.7%. But this number reflects the cost of a basket of goods and services that might not represent an individual's consumption basket. For example, if one has a long commute, gas prices are very important, thus making one's cost of living higher than 7.7%. Conversely, if one bikes to work, the effective, personal rate of inflation could well be lower than 7.7%.
Having a personalized notion of one's cost of living could well influence spending and consumption decisions.
Hope this helps.
Thank you!