Personal & family budget management
Please, indicate the correct phrase relating to inflation:
Both are correct
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).
If inflation rises, we will be able to buy more things and our reserves are literally worth more
What should you consider when managing your budget?
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
You must also take into account unforeseen expenses.
What should you keep in mind to save money?
Look at my bank account from time to time
Buy a lot when inflation is high
Plan, set aside.
Should you have an emergency fund?
Only if inflation rises
Not necessary, costs are always fixed
Yes, one-sixth or one-seventh of the revenue should be earmarked total monthly income
How can you plan and set aside?
Creating an unexpected fund.
Both are correct
Methodically creating a fund for each target set.