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  • Writer's pictureRob Attard

Inflation Saving Calculator From Money Sherpa

Updated: Dec 12, 2023

How Much Can You Save With the Inflation Savings Calculator?

At Solid Consulting we are always looking for ways to help our clients. And with inflation on the rise in Ireland, it's putting a strain on household budgets. That said there are ways to save money, even in tough times. The Inflation Savings Calculator from Moneysherpa can help you see how much you could save by making a few changes to your spending habits.

The calculator takes into account your income, expenses, and lifestyle choices. It then estimates how much you could save by switching to cheaper products and services, cutting back on unnecessary spending, and making other smart financial decisions.

For example, the calculator might suggest that you switch your grocery shopping to discount stores, cut back on smoking and drinking, or lower your energy consumption. It might also suggest that you switch to a cheaper mortgage or rent, or start saving for a pension.

The results of the calculator are just estimates, but they can give you a good idea of how much you could save. And even if you don't end up saving the full amount, every little bit helps. It offers a valuable insight into spending habits that sometimes we simply aren't aware of. And using the data it provides, you might find the inspiration to make some changes in your monthly budget.

So if you're looking for ways to save money in the face of inflation, the Inflation Savings Calculator from Moneysherpa is a great place to start.

Small business owners need to look at ways to save too

The rising cost of living is also putting a strain on small businesses. Inflation is making it more expensive to buy supplies, pay rent, and hire employees. This can make it difficult for small businesses to stay afloat.

Although this Inflation Savings Calculator focuses on household savings, it can also help small business owners.

By using the Inflation Savings Calculator, small business owners can find ways to save money at home and by doing so, protect their businesses from the effects of inflation.

Here are some additional tips for small business owners who are looking to save money:

  • Look for ways to reduce your overhead costs. This could include things like switching to a cheaper phone plan, negotiating a lower rate on your business insurance, or finding a more affordable location for your business.

  • Automate your business processes. This can help you save time and money on tasks like bookkeeping and customer service.

  • Invest in energy-efficient equipment. This can help you save money on your energy bills.

  • Partner with other businesses. This can help you share resources and save money on things like marketing and advertising.

By following these tips, small business owners can find ways to save money and weather the storm of inflation.

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