How the Global Economy Is Affecting Your Bank Account

The Rachel Cruze Show

Ramsey Network

Self-improvement, Education, Investing, Business

4.8 • 3.6K Ratings

🗓️ 30 May 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You guys, this stuff can be really heavy and confusing—but we’re going to unpack it in a simple way so you can use this info to help you save money. We’ll talk about how you can protect your bank account even when the global economy and inflation are making things feel unstable (plus, we’ll go over some tips for saving on groceries)! And we’ll wrap up by talking about how to beat the cycle of living paycheck to paycheck, no matter how much money you make. In this episode: Why the Global Economy Means More to You Than You Think How to Beat Inflation at the Grocery Store with Frugal Fit Mom Why Wealthy People Are Actually Living Paycheck to Paycheck Helpful Resources: EveryDollar Christian Healthcare Ministries Sponsors pay the producer of this show, The Lampo Group, LLC, advertising fees for mentioning their services or products during programming. Advertising fees are not based upon or otherwise tied to any product sale or business transacted between any consumer or sponsor. The following sponsor has paid for the programming you are viewing: Christian Healthcare Ministries. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	And if you never pay attention to your grocery budget, I feel like it's time to start now.
0:09.5	I noticed a couple of days ago, the five dozen box of eggs from Walmart a couple of weeks
0:15.0	ago was like five six dollars and yesterday it is 12.
0:20.8	Hey guys, welcome to this episode of the Rachel Crucio podcast.
0:25.2	I'm so glad that you're here.
0:27.6	And in this episode, we're going to talk about how the global economy is affecting your
0:31.7	bank accounts.
0:33.2	We'll go on to talk about the craziest stat in America, so you don't want to miss it.
0:38.4	Then you'll hear a conversation I had with YouTuber Christine from FugalFitMom and she is great
0:44.0	at giving just practical advice on saving on your groceries.
0:48.0	So we'll talk about all things grocery shopping during inflation.
0:52.0	But first, let's talk about the global economy and how it's impacting you today.
0:57.5	So crazy things are happening all over the world, so whether it's conflicts, financial,
1:01.8	trouble, shortages, all of it, it doesn't just affect that region of the world.
1:06.0	It affects the entire globe.
1:08.4	The global economy means that our finances are impacted here in the US.
1:14.1	So you probably know a lot of retailers and other big companies have completely pulled
1:19.2	back and stopped business in Russia because of their conflict with the Ukraine.
1:25.8	We're talking about huge corporations like Apple, Nike, IKEA, Netflix, Disney, Starbucks,
1:31.5	American Airlines, Exxon, Shell, Goldman Sachs, and most of the major tech companies
1:37.5	and a whole lot more.
1:39.0	So the US has placed sanctions on Russia's central bank and immobilized the reserves it
	...

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