expectations

Will high inflation persist?

Posted May 25, 2008 - 13:07 by Philip Brewer

Personal Finance

Graph of expected inflation

Every financial calculation that you make is influenced by your expectations for future inflation: how much to borrow, where to put your savings, and whether your last raise was a reason to celebrate or to start looking for a better job. Even small decisions, like whether to buy a couple extra cans of tomato paste, are affected. No dollar amount or interest rate is good or bad, except when compared to inflationary expectations.

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Live like royalty on $20,000 a year

Posted December 8, 2007 - 07:00 by Philip Brewer

Frugal Living

Town hall in Paisley

I'm stealing the title for this post from the cover of a magazine that I saw back in the early 1980s. It caught my eye especially, because at the time I had just gotten a raise and was, in fact, making $20,000 a year. I was intrigued enough to pick up the magazine and glance through the article, only to be terribly disappointed. The author had a very different notion of how royalty live than I did.

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