Veterans, you have served your country, and now it is time to take care of you. One of the ways to do that is to make sure you are financially prepared for inflation.

Inflation can significantly impact your finances, especially if you are not prepared for it. That is why we put together this list of finance tips specifically for veterans! Follow these tips, and so you can deal with inflation head-on!

What is Inflation?

Inflation
(Source: Jernej Furman/Flickr)

Inflation is a rise in prices over time. It occurs when the cost of goods and services rises, making it difficult for people to afford the things they need. Inflation can significantly impact your finances, especially if you are not prepared for it. That is why it is crucial to understand what inflation is and how it can affect you.

Several factors can contribute to inflation. These include: