 TITLE: How to Survive Inflation CONTENT: Reconsider Large Expenses\n-------------------------\nIf you're planning any large projects or purchases, such as home renovations or buying a new car, consider how inflation may impact the costs and whether any price increases are likely to be short-term or longer-term.\nFor example, lumber prices spiked as a result of supply chain and other issues brought on by the pandemic, but prices are already beginning to drop from recent all-time highs. Recognizing that these cost increases may be temporary, you could put off replacing your wood floors, for example, until prices cool off. If you hear rumblings of inventory shortages in areas you plan to spend, either take action immediately or start setting aside extra cash to cover possible price hikes. END