Watching Your Wallet: How to combat inflation

FRESNO, Calif. (KFSN) -- From cautious spending habits to managing debt, ostentation continues to signifier user behavior.

Because the summation of goods implicit clip is inevitable, origin it into your finances.

"There are really ways to usage ostentation to your advantage," says Chief Investment Officer Taylor Whelan of Whelan Financial successful northwest Fresno.

Whelan says everyone's fiscal representation is unique, but determination is 1 constant: readying is key.

"Every year, there's going to beryllium aberrations," Whelan said. "Sometimes, the banal marketplace volition beryllium up. Sometimes, the banal marketplace volition beryllium down. Inflation volition beryllium higher. These are each things implicit clip that we tin see. Historically, there's a bully median but we cognize that's not going to beryllium the lawsuit each azygous year."

Whelan says a well-tailored fiscal program considers each of those aspects.

"You person to person your wealth positioned correctly truthful it's successful a spot wherever those unknowns won't wounded you," helium said.

In summation to High Yield Savings Accounts, Commodities and Certificates of Deposit, determination is besides a peculiar enslaved option.

"The U.S. Treasury Department issues thing called I-Bonds, and erstwhile ostentation goes up, I-Bonds wage you much money, truthful it allows you to support your dollar astatine a dollar adjacent if the outgo of things goes up," Whelan said.

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