Inflation-Proof Your Finances

Sponsored Content by Quicken

woman typing on laptop
(Image credit: Quicken)

With inflation reaching 7%, it’s important to keep a pulse on your finances with personal finance tools such as Quicken and stay educated on economic conditions.

Fear of a stock market crash and the impact of inflation can keep you up at night, but there are steps you can take to secure your financial health:

  • Build an emergency fund: Your emergency fund should equal 3–6 months of your regular household expenses. This can help you bridge short-term gaps and handle surprises without turning to high-interest debt.
  • Revisit your budget to account for inflation: Budgeting is an ever-changing picture of needs and cash flows. With Quicken, you can have a comprehensive, tailored approach to budget planning that unites all your finances, from income to savings. 
  • Maximize your retirement contributions: Start by maximizing your contributions to your retirement plans and taking full advantage of any matching funds from your employer. Check out Quicken’s insightful tracking features that will help you monitor your goal progress and see how changes in the market affect your investments.
  • Consider investing in inflation-resistant bonds: Treasury Inflation-Protected Securities (TIPS) are government bonds that mirror the rise and fall of inflation and are a conservative investment that can grow with time.
  • Shift into inflation-resistant markets: Invest in inflation-resistant markets, such as commodity resources companies like metal and agriculture, that tend to increase their prices naturally with inflation. With Quicken’s investment management software, you can track investment opportunities with stock watch lists and make confident decisions about your money. 

It’s difficult to time the market but there are always tried-and-tested steps that you can take to better secure your financial well-being. 

Take control of your finances with Quicken now.