Comments on: Worried about Inflation? Read This First http://moneyning.com/retirement/worried-about-inflation-read-this-first/ A personal finance blog where we share insights on carefully saving money, investing, frugal living, coupons, promo codes because the little things matter in achieving financial freedom! Thu, 29 Jul 2010 11:20:17 +0000 hourly 1 http://wordpress.org/?v=3.0 By: SFaith http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23211 SFaith Mon, 18 Jan 2010 00:13:25 +0000 http://moneyning.com/?p=4357#comment-23211 I'm experiencing a type of inflation now that I've entered my middle years that I never thought about before: Age related inflation. I find that the amount of money I must now spend to maintain my health has skyrocketed. I need prescription meds that I never needed before. I also have to eat a healthier diet than I used to. I don't WANT to, I HAVE to. Now that this process has begun in my life, I can foresee it continuing as I approach my golden years. I think I need to adjust my retirement saving plans. I’m experiencing a type of inflation now that I’ve entered my middle years that I never thought about before: Age related inflation.

I find that the amount of money I must now spend to maintain my health has skyrocketed. I need prescription meds that I never needed before. I also have to eat a healthier diet than I used to. I don’t WANT to, I HAVE to.

Now that this process has begun in my life, I can foresee it continuing as I approach my golden years.

I think I need to adjust my retirement saving plans.

]]> By: Robert http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23118 Robert Tue, 12 Jan 2010 17:30:28 +0000 http://moneyning.com/?p=4357#comment-23118 I remember McDonalds used to have a hamburger for 29 cents on certain days (I think Wednesday)! Yeah, try getting that these days. I remember McDonalds used to have a hamburger for 29 cents on certain days (I think Wednesday)! Yeah, try getting that these days.

]]> By: John DeFlumeri Jr http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23101 John DeFlumeri Jr Tue, 12 Jan 2010 01:53:19 +0000 http://moneyning.com/?p=4357#comment-23101 That is being HONEST! We should not blame inflation, it's us, and our spending ways, what we think we need. John DeFlumeri Jr That is being HONEST! We should not blame inflation, it’s us, and our spending ways, what we think we need.

John DeFlumeri Jr

]]> By: Ken http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23100 Ken Tue, 12 Jan 2010 00:53:01 +0000 http://moneyning.com/?p=4357#comment-23100 I need not blame anything but myself for my financial situation. I have allowed Wants to become Needs. It's about being responsible for my own actions. I need not blame anything but myself for my financial situation. I have allowed Wants to become Needs. It’s about being responsible for my own actions.

]]> By: Health Insurance Advocate http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23099 Health Insurance Advocate Mon, 11 Jan 2010 22:30:23 +0000 http://moneyning.com/?p=4357#comment-23099 I like that you've centered your inflation numbers against the cost of a value meal. Nice! I like that you’ve centered your inflation numbers against the cost of a value meal. Nice!

]]> By: Matt http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23097 Matt Mon, 11 Jan 2010 22:06:05 +0000 http://moneyning.com/?p=4357#comment-23097 If we continue to create easy money, we'll create false demand and if we do that, we'll create inflation. Still, I don't believe anything is inevitable. If we continue to create easy money, we’ll create false demand and if we do that, we’ll create inflation.
Still, I don’t believe anything is inevitable.

]]> By: marci http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23095 marci Mon, 11 Jan 2010 19:52:11 +0000 http://moneyning.com/?p=4357#comment-23095 Greed and gotta-have-it seem to be what causes the problems for most people. No greed, and no gotta-have and a person does just fine - no need to spend much :) Again - grow a garden! Grow a garden! Grow a garden! There's 1/2 your grocery bill right there! Or it could be - and you'd be eating a lot healthier :) Your youth is showing a bit tho in this post :) (Nicely said there) I actually had a cell phone over 25 years ago - a big old thing in a zippered case about 6x8x2 inches thick, with a battery about 6 times the size of a big cell phone today. And internet? Also remember actually having it in my house 15 years ago - and I had fought off getting it for a long long time before that.... but for doing geneaology research, it SURE was a big help living in this rural area! Texting? My grandkids had to show me how to do it! lol! Greed and gotta-have-it seem to be what causes the problems for most people.
No greed, and no gotta-have and a person does just fine – no need to spend much :) Again – grow a garden! Grow a garden! Grow a garden! There’s 1/2 your grocery bill right there! Or it could be – and you’d be eating a lot healthier :)

Your youth is showing a bit tho in this post :) (Nicely said there)
I actually had a cell phone over 25 years ago – a big old thing in a zippered case about 6x8x2 inches thick, with a battery about 6 times the size of a big cell phone today. And internet? Also remember actually having it in my house 15 years ago – and I had fought off getting it for a long long time before that…. but for doing geneaology research, it SURE was a big help living in this rural area!

Texting? My grandkids had to show me how to do it! lol!

]]> By: Cd Phi http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23093 Cd Phi Mon, 11 Jan 2010 17:38:08 +0000 http://moneyning.com/?p=4357#comment-23093 So true. If we look at the way we've been living, I'm sure we'll realize that there are many things that can be cut from our lifestyle because it is just excess. Sure, the price of a McDonald's meal may have increased, but do you NEED the McDonald's meal? You could probably do without it. So true. If we look at the way we’ve been living, I’m sure we’ll realize that there are many things that can be cut from our lifestyle because it is just excess. Sure, the price of a McDonald’s meal may have increased, but do you NEED the McDonald’s meal? You could probably do without it.

]]> By: Minority Fortune http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23090 Minority Fortune Mon, 11 Jan 2010 15:38:29 +0000 http://moneyning.com/?p=4357#comment-23090 You're right in that the problem lies in not reacting to inflation but being proactive about inflation. As 2 Cents noted, we'll be due for increased inflation rates when the Feds raise the interest rates. Until then, we should all be mindful of our spending and proactive with our money. You’re right in that the problem lies in not reacting to inflation but being proactive about inflation. As 2 Cents noted, we’ll be due for increased inflation rates when the Feds raise the interest rates. Until then, we should all be mindful of our spending and proactive with our money.

]]> By: 2 Cents http://moneyning.com/retirement/worried-about-inflation-read-this-first/comment-page-1/#comment-23088 2 Cents Mon, 11 Jan 2010 13:51:44 +0000 http://moneyning.com/?p=4357#comment-23088 I think what you're addressing is lifestyle inflation and you're right. That's not the same thing as the macroeconomic phenomenon, and it's also the one over which we have more control. True inflation in the economy hasn't been a problem for some time. In fact, many would say that we're still in a very deflationary environment. Still, we can't take for granted that inflation will remain low forever. If it comes back with a vengeance due to recent money printing by central banks, we will need to adjust our personal finances to accommodate a higher interest rate environment. I think what you’re addressing is lifestyle inflation and you’re right. That’s not the same thing as the macroeconomic phenomenon, and it’s also the one over which we have more control.

True inflation in the economy hasn’t been a problem for some time. In fact, many would say that we’re still in a very deflationary environment. Still, we can’t take for granted that inflation will remain low forever.

If it comes back with a vengeance due to recent money printing by central banks, we will need to adjust our personal finances to accommodate a higher interest rate environment.

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