Timothy Sumer

Inflation can be a menace which is why we take into consideration inflation of 6%-7% while making financial decisions. 📉 Unfortunately, your true inflation is different from the one government proposes. 🥲 We all experience inflation differently, the rate of inflation depends on the goods and services we consume. The government 💼makes assumptions based on the average Indian’s spending habits however, you may not fall within those assumptions. 👉🏻 For eg, the government assumes you spend only 2% of your monthly expenditure on recreational activities while you may be partying it up on the daily. This is why it’s important to calculate your actual inflation rate 💯 ➡️ To help you calculate your true inflation rate I have prepared a tool, which you can download from the link in my pinned comment. ⚠️Important note: Make sure to download the excel file and not open it through google sheets. Credits: Ajinkya Kulkarni . . . . . . . . #financewithsharan #inflation #invest

Finance Hacks to Beat Inflation #shorts Inflation is the increase in the prices of goods and services over time. It's an economic term that means you have to spend more to buy a gallon of milk, fill your gas tank or get a haircut. Inflation increases your cost of living as it reduces the purchasing power of each unit of currency. Source: Insider #savetax #finance #stockmarket #shares #incometax #savetax #savemoney #taxharvesting #taxsaving #zerotax #notax #capitalgain #creditcard #refund #homeloan #interestfreeincome #taxfreeincome #loan #profit #savetax #earnlakhs #finshorts #creditcard #creditscore #cibilscore #shorts Signup for our finance newsletter: As Always, Thanks for your support :) Links to other platforms for investing: ➽ Invest In Invoice Discounting - TradeCred: ➽ Invest in Bonds - WintWealth: ➽ Invest in REITs through SmallCase: ➽ Invest in FDs through INDMoney: ➽ P2P Lending - 12% Club: ➽ Invest in Mutual Funds with ETMoney Genius: