February is a great time to examine our household Cashflow. The Holiday season is firmly in our rearview mirror so we can begin to focus on what we want to accomplish for the year.

Thankfully inflation has shown signs of slowing down as the inflation rate dropped to 8.5% in July. Economic experts are cautiously optimistic that higher interest rates enacted by the Federal Reserve, easing of supply chain pressures, and reduction in fuel prices will result in further inflation reduction in the months ahead.

If you find yourself with a bit of extra time on your hands in the upcoming months, you may want to use this time to check in with your family’s finances.

2020 has been extremely stressful on a personal, professional, and financial level. Use these tips to reduce your anxiety and build back your finances better in 2021.