‘The Rachel Cruze Show’ host encourages consumers to focus on the facts and control their budget to offset everyday inflation prices.
Although inflation is impacting a majority of Americans, one personal finance expert says it's no reason to panic.
"You have to remember that fear cannot be your financial advisor," bestselling author and podcast host Rachel Cruze said on FOX Business’ "Mornings with Maria" Tuesday. "When we hear words like inflation and recession and all of this, the fear can just rise up and you can make really bad decisions when fear takes over."
Her comments come on the heels of a recent survey that revealed an overwhelming 80% of Americans reported inflation impacts their daily lives.
Cruze then shared tips and tricks to stop surging prices from squeezing your wallet.
HOW TO MANAGE A ‘DILIGENT’ BUDGET AMID RECORD INFLATION
Recognizing inflationary pressures can be felt every day, "The Rachel Cruze Show" host encouraged consumers to focus on changing financial habits within their control and optimizing their budget.
"This is so, so key for people. If you are not being intentional with where your paycheck is going, then you're going to spend money that you don't tend to spend," Cruze explained. "And right now, holding every single dollar accountable to what your life needs is really crucial."
While breaking down how to budget, Cruz explained that your income minus total expenses should equal zero and every dollar should be accounted for.