Discover Your Personal Inflation Rate: A Guide to Finance with Sharan, Investing for Beginners, and Personal Finance
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: Aj...