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- W2273616152 abstract "$$$$ $$$$ An increase in the price of goods and services can be traumatic. When you have to pay more for things such as gasoline, food and health care, other diffi culties may arise, especially if you are retired and/or are living on a fi xed income. Realizing that your income does not go as far as it used to, even in covering just the basics, can be alarming. Overall price increases often are due to an increase in the price of one essential product. An increase in the price of that essential product may trigger an increase in the price of other products and services. For example, an increase in the price of a barrel of oil may result in an increase in the price of gas at the pump, which, in turn, may help increase transportation and heating and cooling costs. As price increases continue, feeling the effects personally doesn’t take long, perhaps even to the extent that you have little or no discretionary funds and/or you strain to pay all your bills. When prices rise, don’t panic, but don’t become complacent, either. Don’t stop credit payments or ignore the fact that you are facing fi nancial diffi culties. You need to adjust your spending and develop a spending plan (budget) to pay bills. Your fi nancial affairs are still within your control. Surviving a fi nancial crisis will take work and planning, but it can be done — and you even may come out stronger when the crisis over. Make an action plan as soon as possible." @default.
- W2273616152 created "2016-06-24" @default.
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- W2273616152 date "2008-01-01" @default.
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- W2273616152 title "When Prices Rise: Living on Your Income" @default.
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