Quote:
Originally Posted by Monahammer
Proper budgeting and two working adults in a family is a must, but my family has weathered inflation over the last few years without bumps. Still room for our yearly vacation in the budget. Had to cut down on eating out (1 less per month) and was fortunate to have the car payment disappear at the same time the mortgage is going to increase... Pretty much a wash.
We are not saving like we used to though- so there's where we were hit. But I have a pension... So I think we will be ok.
Budgeting is the biggest part. But it also reduces anxiety so much. I don't even flinch if I have a $800 Costco trip because I know it fits within the budget.
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One of the biggest benefits tbh. Anxiety is usually related to the unknown, and all budgeting is, is ensuring you know everything about your financial situation.
I’m lucky (own home, own vehicles outright, double income no kids) but I’ve also been unlucky (pandemic set me back financially for years to come, made serious financial mistakes early on). Still, I am relatively unbothered by inflation and feel no anxiety about my financial situation.
I know what’s coming in and what’s going out. If the balance is such that I can’t afford to live how I want, I make a change somewhere in the equation.
There are people that have it a lot harder than I do who make it work. So, I try to keep that in mind.