Tips To Tackle Inflation And How A Savings Account Can Help
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Inflation
A general rise in the prices of goods and services.
Inflation is beyond your control but you can manage it. Read on for some useful tips to do so.
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Tips to tackle inflation
Review your monthly budget and adjust it for increased prices
Cut down on unnecessary expenses
Look for additional sources of income
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Plan ahead for big purchases
Pay off high-interest loans and dues
Save first, spend later
Boost your investments
Choose the right savings account
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How can a savings account help?
A savings account with interest rates higher than the inflation rate can add a positive value to your savings.
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You can earn inflation-beating returns at low costs to grow your corpus to meet the inflated expenses as well as to fulfil your financial goals.
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IDFC FIRST Bank offers a rewarding savings account offering up to 7%* p.a. interest. Moreover, with monthly interest credits, the compounded returns increase.
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Also, get 28 zero-fee banking services and a rewarding debit card.* Tackle inflation with smart tips and the IDFC FIRST Bank Savings Account.