Plenty of us have our older generation telling us that how things used to be cheaper back in their days, and how thing are more expensive now. For example in 1908, a Hershey’s chocolate bar cost only 2 cents, while the same chocolate bar cost $1.34 at your local store. Inflation is the increase in price of goods and services over a period of time. Inflation impacts all of us as consumer, what inflation does is, it devalue our currencies. So over a long term period of time, if you are not managing your wealth properly, inflation can eventually eat up the value of your money. So how inflation affect us as consumer and how to protect our money now?
Sunday, December 23, 2018
Since the booming Automotive Industry in early the 1950s, cars have become an integral part of our society. Buying a brand new car could usually symbolize success or achievement in life. Car companies spend billions of dollars on car advertising each year to attract new consumers, and that number is rising every year. Most new car purchasers believe that buying a new car could give them the reliability and the luxury. It feels good when others such as friends and families know that you bought a brand new car, and of course it feels better to actually drive a brand new car. I’m not against people buying new car. I myself prefer brand new cars over used one, however, if you are not financially stable, your brand new car can actually cost your future financial freedom and security. Let’s what your brand new car is really costing you.