Sky-high inflation and economic uncertainty have some worried about their future and livelihood, and financial mentors say now is the time to learn how to invest and save wisely. “It goes back to the dreaded b-word, the budget,” says Danny Kofke, motivational speaker for Menturo Financial Education. “Many people have no idea how they’re spending their money.” Economists and financial experts recommend going back to basics if you’re struggling to balance your checkbook. Inflation is at a 40-year-high due to pandemic relief spending, supply chain problems, and energy supply disruptions, partly from Russia’s war against Ukraine and partly from other factors.
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