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Do you understand the effect that inflation can have on your personal finances?

by VerityG (follow)
A life lived in fear is a life half lived.
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“Inflation Graph” by jscreationzs via freedigitalphotos.net

The UK inflation rate fell in December, to the joint lowest level on record.
Do you understand the effect that inflation can have on your personal finances?

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I don't have money in the bank or any super.

I do understand a little about it, if I did have money...then I would learn more.

One thing I do know is....America is on very thin Ice, and she is heading for a collapse sooner than later.
I have a limited understanding about inflation and the effects it has but I have to really concentrate to make any real sense of it. It seems topsy-turvy sometimes... and I don't often take it into account when making decisions about finances, though I know I probably should!
No, I don't follow that sort of thing very much. I was watching a Michael Moore doco that asked finance students to explain the economy and despite some of them being quite advanced in their studies, none could explain it simply and they were all quite embarrassed about it.
You'll notice that in my answer I have made no mention of any qualifications I might have.... ;)
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