Beat inflation with these household budgeting tips

You’ve probably heard about this: inflation rate in the Philippines has risen to the highest level in at least five years.

Even if you don’t follow the news, you feel its impact on your finances.

Inflation is the rate at which prices of goods and services are increasing. It reduces the purchasing power of the peso. A high inflation rate means you pay more for almost anything that you buy.

If you don’t manage your household budget well and ahead of time, these price spikes can quickly drain your income. Prevent this from happening with the following household budgeting tips.

For more finance tips, visit MoneyMax.ph.