Dec 16 2024 17 mins 14
In this episode of Money Made Simple, Liv is excited to welcome (back!) Shamubeel Eaqub, well-respected author, commentator and Simplicity's new Chief Economist and Head of Policy. He helps explain inflation in simple terms, discusses its impact on everyday Kiwis, and how we can manage our finances more smoothly in what is a highly inflationary environment. This episode covers:
- What inflation is in a nutshell, and how it specifically affects your wallet - from your grocery bills to the gas pump to insuring your things
- The underlying causes of the inflation spikes in recent years, from global economic upheavals and war to local weather disasters
- Practical tips for adjusting your budget and saving strategies to weather the storm of rising prices
- How government and financial policymakers work to balance inflation with economic growth
- Tips on where to seek financial guidance and support to manage your money during the cost of living crisis
Resources Mentioned in this Episode:
- Find a raft of options for financial mentoring and support via Money Talks
Hopefully this episode will help you arm yourself a little better with a better understanding of inflation, and some tools you can use to maintain financial stability in what can be a scary time.
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Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.