26/12/2024

Guide: How to manage the harmful effects of inflation on your wealth

For the last year, inflation has been high. If you’re worried about the effects of the rising cost of living, this guide could help you.

Figures from the Office for National Statistics show, in the 12 months to April 2023, the rate of inflation was 8.7%. This is far above the Bank of England’s target of 2%, and for much of the last year, the rate has been in double digits.

The guide explains why needing to spend more to maintain your lifestyle could affect your long-term plans and how inflation could reduce the value of your assets in real terms.

You can also discover some of the steps you could take to “beat” inflation, including:

1. Making the most of suitable allowances
2. Shopping around for the best interest rate
3. Considering if investing is right for you
4. Reviewing your budget
5. Focusing on your long-term plan.

Download your copy of ‘How to manage the harmful effects of inflation on your wealth’ now to learn more about the effects of inflation and what steps you can take to “beat” it.