koolgal
2022-07-28

It is easy to bemoan the fact that inflation has driven the cost of our daily living expenses up tremendously.  But what we do to handle inflation is within our control. 

This is my action plan:

1.  I will continue to stay invested in a diversified portfolio of assets  and dollar cost average into ETFs like $SPDR Portfolio S&P 500 ETF(SPLG). 

2. Put aside some savings for emergency fund and continue to save. 

3.  Find ways to reduce my expenses especially in recurring bills like Internet, mobile phone, car and home insurance, gym membership.   Keep an eye out for coupons, credit card deals.

4. Plan more home cooked meals and shop around for special offers in supermarkets.  Buy fruits and vegetables in season.  If fresh vegetables like broccoli are more expensive, buy frozen ones.

5. Increase my income like selling on Ebay, take on part time work 

Above all, I will continue to stay positive and focus on my goal which is FIRE - Financial Independence Retire Early!

@Tiger_AU

How does inflation affect your daily life?

@Tiger_AU：
Hey Aussie, Australia’s annual inflation rate jumped to 6.1 per cent, its highest level in more than two decades, and it's affecting all parts of the economy. From the grocery store, to the gas pump and the cost of housing, Australians are paying more for everything. The rise in the consumer price index in the three months ended June 30 was the highest since June 2001 and the introduction of the GST, according to the Australian Bureau of Statistics.New dwelling prices rose 20.3 per cent as government support was withdrawn, while petrol prices soared 32 per cent. Fruit and vegetables prices rose 5.8 per cent because of heavy rainfall and flooding in key production areas of NSW and Queensland that disrupted domestic supply. How does inflation affect your daily life? 💡Share Your Insights Please leave a message in the comments section of this post, and share your insights about inflation.💸💸💸 Where are you feeling inflation the most? How have you changed your behavior to cope with higher prices and cost of living? What is your biggest concern about the future? 🎁Prizes - All Tigers who comment on the following post will receive 10 Tiger Coins. - In addition, you have the chance of winning 100 Tiger Coins. ⏰Activity Duration 27July, 2022-3 August, 2022
How does inflation affect your daily life?
# What is the best way to hedge your portfolio?

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  • HarryCox
    ·2022-07-29
    I have read a few articals at Tiger about how to live through inflation and recession. Very good ideas. But changing the lifestyle is hard
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  • BruceBryant
    ·2022-07-29
    yes, grab some etfs what invest in different sectors
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  • stevencky11
    ·2022-07-29
    谢谢
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  • Terri1
    ·2022-07-28
    Tks
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    • koolgal: 
      Thanks
      2022-07-28
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  • vimmu
    ·2022-07-28
    great
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    • koolgal: 
      Thanks
      2022-07-28
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  • Baaaaam
    ·2022-07-28
    👍
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    • koolgal: 
      Thanks
      2022-07-28
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  • pohyc
    ·2022-07-28
    a
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    • koolgal: 
      Thanks
      2022-07-28
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