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Find out how your individual monthly finances could be affected by inflation in the future.
First, let's look at your essential costs each month to find out how much disposable income you currently have to spend on non-essentials.
1. Monthly income after tax and paying down any debts
2. Essential monthly living costs
3. Amount saved and invested each month
Your monthly disposable income
You are left with
disposable income each month
Next, let's look at how much your monthly costs could be affected based on projected inflation rates* over 1/2/3/4/5 years' time.
*Data from the Office for Budget Responsibility
All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest.