Personal & family budget management
Please, indicate the correct phrase relating to inflation:
Both are correct
If inflation rises, we will be able to buy more things and our reserves are literally worth more
It is expressed through a simple percentage. It literally means by how much the effective price of all goods, products, services increases (or will increase).
What should you consider when managing your budget?
You must also take into account unforeseen expenses.
It is necessary to quantify exactly how much enters and how much is spent, i.e. concretely how much “remains" from personal (or family) coffers, while being able to view and control what is regular (and how often), for example a rent, or bills, and what is "exceptional".
Both are correct
What should you keep in mind to save money?
Look at my bank account from time to time
Plan, set aside.
Buy a lot when inflation is high
Should you have an emergency fund?
Not necessary, costs are always fixed
Only if inflation rises
Yes, one-sixth or one-seventh of the revenue should be earmarked total monthly income
How can you plan and set aside?
Methodically creating a fund for each target set.
Creating an unexpected fund.
Both are correct