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How to inflation-proof your finances

How to inflation-proof your finances

Sort out your savings, mortgage and pension, and try to cut some of your regular costs

With the rate of inflation at 3.1% in September, most people’s savings are effectively losing value. The rubbish interest rates on offer will not keep up with the rising cost of living but you should still make sure you are getting as good a return as possible. “Your emergency fund should be in a competitive easy access account paying as much interest as possible,” says Sarah Coles from the financial firm Hargreaves Lansdown. “For cash you won’t need for another six months or longer, it’s worth considering tying it up for the most suitable periods in a fixed-rate account.”

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How to inflation-proof your finances
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