Resilience Inflation # 2

I’m Miriam  Neff,  and I’m Valerie Neff Hogan, with Wise Women Managing Money

M An important reality to face as we wisely manage what God has entrusted to us, is the fact of inflation.  Inflation is the general increase in prices and fall in the purchasing value of money. The cost of my first home could hardly purchase a new car Today.  Inflation.

V  Predictions for inflation moving forward are in the 3% per year range optimistically. If income is going up 3% all is well.  If not, change is necessary.  For families, children’s feet grow. They eat more.  These are not possibilities, they are realities.  When it comes to our budget we say KNOW IT, OWN IT, LIKE IT, CHANGE IT.

M Keeping track, we face the reality, does it work?  Will it work moving forward?  Change and resilience required.