How has inflation affected your life?

36 comments

1. EVERY time I go to the grocery store I see how it affects me.

2. Eggs are killing me.

3. My investments have benefitted as I prepared for this years ago.

4. Negatively, obviously.

5. I eat fewer eggs

6. Interest rates are pretty painful

7. I’m 15% bigger than I was a year ago and I’m in danger of starting to float, I’m going to have to buy a bloaty head device if this carries on.

8. I mean, stuff is more expensive than it once was.

   We haven’t changed a lot of behaviors though. My wife and I both got new roles at work in the last year which came with new salaries that more than made up for the inflation we’re seeing. We generally live below our means, so even though things are expensive we can still afford to live our lives normally.

   I did move some of my spare cash into I bonds last year to take advantage of those rates for the time being, so that was a silver lining vs leaving it in a savings account.

9. I have actually started buying higher quality grocery products.

   I used to be quite fine with purchasing cheap sh*t, but I can’t convince myself to buy the same products now when they are much more pricey. Now I study the labels more carefully, and buy only things that are worth it.

10. it hasnt

11. My retirement fund shrunk by 15%.

12. Eh it hasnt really all that much. I need to be moving money out of a bad savings account for sure

13. I have to go to the ATM much more often.

14. Not at all, actually. Which has been weird. Grocery prices are up 50%, but a low-cost grocery store moved in and their goods at 50% more are the same costs as the goods before. Municipal power means no price gouging, and my other debts are all locked in already

15. You now have to tie me down otherwise I’ll float away.

16. Mortgage payments went up 30%

17. Literally everything has increased in cost by an average of about 50% ever since Biden took over. Obama was an angel compared to this guy.

18. I try to only buy stuff when it goes on sale, I’ll purchase a lot of store brand items, I use less butter for cooking, I don’t eat as many eggs as I once used to & have decreased the amount of dairy products. I’ve stopped eating out at most fast food restaurants.

19. I’m paying significantly more for the same things than I was paying just one or two years ago.

    I live in Canada, and we’re supposed to keep inflation to 2% a year. It’s pushing 10%.

20. I’ve limited expenses to absolutely necessities as best I can.

21. Accepted the fact that I’m not going to have money for a few years. Trying to pay a mortgage, raise a family, put food on the table and just try and live my life, won’t have much money left over. Just hoping things either improve or work my ass off to get a promotion and get ahead of it.

22. So far pretty limited impact, but in my country inflation was pretty limited. Got a decent raise, too, more than compensating for it.

23. can’t save much money.

24. My weekly grocery budget went from $50 a week to $60, other than that we haven’t had to adjust too much

25. I was shocked yesterday that the single regular sandwich meal I bought was more than the hourly wage of the person that made it for me.

26. It actually encouraged me to finally start spending money.

    I had been working a six figure job for five years, but I was spending like a grad student the whole time.

    So I started yoga, signed up for a gym, got therapy, bought new clothes, started buying things on Amazon to make my place more of a “home”.

    I’m significantly happier because of all of that.

    So for the most part it has had a positive effect.

27. Negatively

28. Knock on wood, it hasn’t really.

    I take mass transit to work so my commuting costs haven’t changed, my housing expenses are fixed thanks to refinancing my mortgage with a 2.5% rate in late 2020, and while I notice that prices at the grocery store have gone up, shopping for 1 isn’t that expensive (and I’m not really picky at all, so I just buy whatever is on sale and make it work)

    My investment accounts are all a total shitshow, but those are my retirement accounts so I’m just not looking at them and having faith that in the long-run, the market will go back up eventually.

29. I was considering retirement. Decided to postpone, am traveling less, and have significantly reduced our dining and entertainment spending.

30. Barely. I was poor then and I am poor now. I don’t feel that different.

31. Hasn’t really effected me at all.

32. It makes me spend more money, which makes me sad

33. I want to buy a house. 3 years ago I could have afforded a nice one if I had my job today.(I was in college) Now I can afford a dumpy house in a bad neighborhood.

34. I lived way below my means before the inflation started so it has not changed anything other than how much I can save every month.

    I still grumble about my chicken and ground beef being 20% more expensive, but I’m one of the last persons you need to worry about.

35. I had to cut my budgeted amounts for hobbies, entertainment, travel, and savings so I could put more toward food and housing.

36. It’s made me appreciate bitcoin more. Still stacking.