When we hear the word recession, immediately we think bad things are happening financially. People are losing their jobs, inflation is through the roof; yes those things are happening but there is also something good that comes with a recession.
That is the stock market going down.

Are you feeling the impact of inflation affecting your spending and your budget? 

What expenses are affected by inflation?

The annual inflation rate is over 8% for 2022. 

An 8% inflation rate may not feel too high, that’s less than you tip your waiter going out to eat, but it adds up quickly. 

I spoke to some of the top personal finance experts on YouTube and here is how inflation has affected their budget.