Inflation: How It Impacts You & How to Prep Your Money for 2023

Inflation: How It Impacts You & How to Prep Your Money for 2023

By Shannah Game, Money, Money Therapy, Personal Finance, Millennials, Generation X & Glassbox Media. If you enjoy BiggerPockets, On Purpose with Jay Shetty, The Personal Finance Podcast, The Mel Robbins Podcast, & Planet Money, this show is for you!

Let’s talk about the elephant in the room - inflation. You hear about inflation everywhere and feel it every time you fill up your car at the gas station or pop into the store to buy some food. Inflation is currently around 7.7%, which is the highest it has been since the early 1980s, and it looks like it’s here to stay much longer than Pumpkin Spiced Lattes. You might be asking, who benefits from inflation and where’s my inflation relief? It’s not all bad though - higher inflation typically means higher interest rates on your savings accounts which will have your emergency fund singing hallelujah for a change. So I went to my fellow podcaster, Chris Browning, host of the award-winning short-form podcast Popcorn Finance to join us for a conversation all about inflation. This episode isn’t filled with boring stats, instead, Chris shares thought-provoking details like the psychology behind inflation, a deep dive into potential pros for inflation, and the exact steps you need to take to set your money up in 2023 to help combat inflation. Grab a beverage, sit back, and let’s start talkin’. LINKS Popcorn Finance Chris on Instagram Chris on TikTok SPONSORS Thanks to Ka’Chava for sponsoring the show. Ka’Chava is offering 10% OFF for a limited time at Kachava.com/mymoney. Thanks to Masterworks for sponsoring the show. To get priority access go to masterworks.art/mymoney.  Thanks to Chime for sponsoring the show. Get started with Chime today. Applying for a free account takes less than 2 minutes. Get started at chime.com/mymoney. Thanks to Shopify for sponsoring the show. Shopify is more than a store. Connect with your customers. Drive sales. Manage your day-to-day. Go to http://www.shopify.com/mymoney for a FREE fourteen-day trial and get full access to Shopify’s entire suite of features. This episode is sponsored by/brought to you by BetterHelp. Give online therapy a try at betterhelp.com/mymoney and get on your way to being your best self. This episode is sponsored by Planet Money. Listen now to Planet Money from NPR -- wherever you get your podcasts. LEAVE US A REVIEW Leave us an honest rating and review, pretty please. Head to the podcast player you’re listening to this episode in to leave us a review or you can click here to leave a review for Everyone's Talkin' Money podcast on Apple Podcasts.  Love this episode. Share it with a few friends so they can learn these valuable money concepts as well. Be sure to FOLLOW and SUBSCRIBE to never miss an episode! GOT A QUESTION? Have a Shannah Shares question? Submit your question here https://bit.ly/shannahshares MORE MONEY TIPS Follow Me on Instagram for more money tips and behind-the-scenes information https://www.instagram.com/shannahgame FREE GUIDES + RESOURCES Download our FREE Top 25 Episode Guide Download a FREE BONUS podcast episode 5 Minutes to Unlock a New Money Mindset See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices
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