Personal Inflation Rate

Personal Finance Money & Budgeting
1

Morning!

We’ve written a new piece for the Emma blog about calculating your Personal Inflation Rate.

i.e how much you’ve spent in one year / how much you’ve spent in a previous year

I think understanding your personal inflation rate is helpful because it highlights if you’ve gradually started spending more money - something that might be hard to spot if you only review your spending month by month

You can read the article here: https://bit.ly/38bYghd

What do you think about this calc? Do you think you could see the benefit of tracking this?

1 Like
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Interesting idea. If the analytics tab allowed you to change the period you were looking at then it would be pretty easy to calculate this yourself in Emma. I think it would be a cool feature to add, though not if it just showed you one number in an annual report without letting you drill down to actually understand it.

4

Haha you’re not alone - I love a spreadsheet too :nerd_face:

I was thinking it might be a cool thing to add to the Year In Emma report, but you’re right that everyone would probably want to drill down into more info

Looking at personal inflation rate by category would be interesting, but then is by month by category a bit much?