Inflation is an economic phenomenon that affects the purchasing power of money over time. As prices rise, the value of each unit of currency diminishes, eroding the real worth of your savings and investments. Understanding the impact of inflation on your finances is crucial for maintaining and growing your wealth.
Obtaining a higher education is a valuable investment in your future, but it often comes with the burden of student loans. As you embark on your professional journey, understanding the various repayment options and developing effective strategies can help you manage your student loan debt responsibly.