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Inflation can be a double-edged sword.
In some sense, being wealthy makes it easier to benefitfrom inflation.
But if you have $100,000 saved, then the difference is $4,000.
Specifically, consider the following four ways theupper class handles inflation that the middle class could learn from.
Instead, many wealthy people benefit from sticking with diversified investing.
Inflation can sometimes be a surprise to many families, especially for bills that are paid yearly.
Note, however, that where you keep your emergency fund matters.
Some high-yield savings accounts can keep up with or exceed inflation.
A smart move is to cut back on borrowing when its expensive, said Schadeck.
The wealthy stick to their financial plans but stay flexible.
By picking up these strategies, we can better handle inflation and keepour financial gamestrong, said Schadeck.
When inflation begins to climb, it can seem like expenses are spiraling higher.
Its important to pause and take some time to track your expenses.
Many folks dont actually have adebt or paycheck-to-paycheck problem; they have an income problem, said Schadeck.
To start, make a run at increase your main income source, she added.
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