One in three Brits fear cost of living will make their current lifestyle unaffordable

dailystar.co.uk:

Inflation Time Machine to help people get to grips with how inflation could affect their individual monthly outgoings. It also aims to help them feel better prepared when considering what they can do now to offset the impact of inflation over time.It comes after the study also found 39 percent of adults are looking to plan ahead with their finances to ensure they can maintain their current lifestyle in the future, despite the rising living costs.Nearly one in three (32 percent) feel it is more important than ever to grow their money for the future, with 18 percent trying to be braver with their savings and investments.Charlotte Oates, a spokeswoman from Moneybox, said: “For many, this will be the first time they’ve seen a significant increase in inflation, so it’s understandable there’s growing anxiety and uncertainty regarding the cost of living.“The trouble with inflation is that it’s often only felt once your money has been spent, and you realise it isn’t stretching as far as it used to.“The Inflation Time Machine will help give you a clearer picture of how you might be affected, so you can plan ahead and still make progress towards achieving your financial goals this year and in the years to come.”The study also found that among those fortunate enough to have some money to spare, 25 percent are looking to Stocks and Shares ISAs to grow their money.Nearly a third (32 percent) are exploring wider investing opportunities, including individual stocks or opening a General Investment Account, and 14 percent are open to investing in cryptocurrency.Others are planning to invest in property (17 percent), or put money into Premium Bonds (22 percent), a fixed rate cash ISA (19 percent), or a Lifetime ISA (nine percent).The.