Moneywise On Oneplace.com

INFLATION “FELL”?There’s something you need to understand about the inflation numbers you hear in the news, such as, “Inflation fell to 3.2% last month on an annualized basis.” Some folks think that means prices went down, but it really only means that the rate of price increases has gone down.  INFLATION'S PERMANENT PRICE INCREASES:A decrease in inflation rate means slower price increase, not price reduction.Even if inflation drops to zero, the high prices from past inflation remain. WAGE GROWTH NOT KEEPING UP WITH INFLATION:A significant portion of workers report their wages haven't kept up with inflation, leading to financial strain.Many Americans have used their savings or resorted to credit card use due to the discrepancy between income and rising costs.To cope with financial strain, it's essential to adjust one's lifestyle and budget, potentially including major changes like downsizing.IMMEDIATE COST-CUTTING STRATEGIES:Freeze credit cards literally to curb impulse spending.Remove saved credit card infor