Inflation is an economic phenomenon that directly affects people's purchasing power, making products and services more expensive over time.
In Brazil, inflation has been a recurring concern, impacting everything from basic consumer items to financing and investments.
Given this scenario, it is essential to adopt strategies that help mitigate the effects of inflation and maintain balanced financial health.
In this article, we present practical tips for dealing with price increases and protecting your purchasing power.
1. Follow economic indicators
Keeping an eye on inflation rates, such as the IPCA (Broad National Consumer Price Index) and the IGP-M (General Price Index – Market), is essential to understanding the speed at which prices are rising.
Furthermore, following the Central Bank's decisions on the Selic rate can help anticipate market movements.
2. Review and adjust your budget
In times of high inflation, maintaining a well-structured financial plan is essential.
Review your expenses and identify which ones can be reduced or adjusted. Prioritize essential expenses and avoid unnecessary purchases.
Creating a financial control spreadsheet can help you keep your budget under control.
3. Invest smartly
Leaving money in savings can be a mistake in times of high inflation, as the return may not keep up with rising prices.
Consider investing in options that protect purchasing power, such as Treasury Direct Bonds linked to inflation (Tesouro IPCA+), real estate funds and fixed income investments indexed to the CDI.
4. Avoid excessive debt
With high inflation, interest rates also tend to rise, making credit more expensive.
Avoid taking on debts with high interest rates, such as overdrafts and credit card installments. If you need a loan, look for alternatives with lower rates, such as payroll loans or asset refinancing.
5. Look for consumption alternatives
Inflation directly affects the cost of living, making it necessary to look for more economical alternatives for everyday life.
Some strategies include:
- Compare prices before purchasing;
- Choose more affordable brands;
- Take advantage of promotions and discounts;
- Reduce food and energy waste;
- Buy products in bulk or from wholesalers.
6. Negotiate salary increases
If inflation is eroding your purchasing power, it is worth negotiating salary adjustments with the company you work for.
Many industries adjust salaries based on the rising cost of living. Another alternative is to seek out additional sources of income, such as freelancing, small businesses, or passive investments.
7. Take advantage of loyalty programs and cashback
Cashback platforms and loyalty programs can help reduce the impacts of inflation, allowing you to save part of the money spent.
Rewards apps and credit cards that offer cashback can be good options for those looking to optimize spending.
Conclusion
Inflation is a constant challenge for the economy and consumers' pockets, but with planning and good financial practices, it is possible to minimize its impacts.
Monitoring economic indicators, adjusting your budget, investing intelligently and looking for alternatives to save money are essential measures to face times of high prices.
By adopting these strategies, you will be better prepared to deal with economic challenges and ensure greater financial stability for the future.