Money can be a triggering topic for many of us. These days, it’s hard to escape the impact of supply chain issues, inflation and talk of recession. It is hard to make sense of it all, but you can take some practical steps to save or make a little extra money, which will help you stay emotionally balanced. Here are some ideas.
1. Take on a second job or start a small business. Making a little extra money these days just makes sense given the rising cost of living. There are still a lot of jobs out there and a demand for people willing to take on a side hustle. Increasing your income by just 10% will help you keep pace with inflation.
2. Buy the new Series I US savings bond. It’s tied to the rate of inflation and is now paying about 9%, so it will help you balance out the extra you are having to spend. The purchase limit is $10K, but it is a hedge against inflation if you have money just sitting in the bank or under your mattress.
