Inflation is slowing – but prices for energy, especially natural gas and crude oil, are still at record levels in early 2023.  Many economists agree that most of the increase that we have seen in energy prices can be attributed to simple supply and demand. The world is highly dependent on fossil gas to meet its energy needs, but
Are we in a recession? Our financial experts already got to the bottom of this question in August 2022. Their conclusion: the consequences of the pandemic and inflation have already foreshadowed an imminent recession last summer.  Now most economists agree: a recession in 2023 is inevitable; the only question is how hard it will hit consumers.  The outcome depends
2022 was a year of financial struggles for many. The pandemic, inflation, and the beginning of a recession not only made our lives more expensive and took away many jobs, but also made us worry about the future. When will prices for gasoline, electricity, gas and food finally go down again? And when will the economy recover from these
According to leading cybersecurity experts at F5, the COVID-19 pandemic saw an over 200% rise in the incidence of phishing attacks, as well as a rise in other forms of cybersecurity threats around the world. The pandemic lockdowns pushed far more of the world’s workers to hybrid or fully-online working arrangements, creating many new vectors for cybersecurity threats than
It’s December 2022. For about a year and a half, consumers around the world have been experiencing sky-high prices for nearly all everyday necessities. The culprit is inflation, i.e. the broad increase in the prices of goods and services, resulting in a loss of purchasing power. While general inflation in the European Union was at 0.5% in 2020, it’s
Cybersecurity and protection from phishing is a top priority at BudgetBakers. It’s crucial that you, our customers,  feel safe when using our apps. This includes, for one, the guaranteed confidentiality of your data, which we won’t pass on to third parties, either now or in the future.  For another, we want to educate you about cybersecurity and protect you
Digital nomads are people, sometimes self-employed but also possibly employed full or part time, who work mainly online, enabling them to explore the world while maintaining a regular income.  They come in all ages and occupations, but they are most typically found in knowledge work and creative professions that don’t require the worker to be physically present at an
“The burden is so heavy that even if you graduate, you may not have access to the middle-class life that the college degree once provided.” This statement is from President Joe Biden on August 25, 2022, the day of the release of one of the most important bills of his term: the Student Debt Relief Plan. A long-awaited bill
Good preparation, speed and a dose of luck. These are the three factors that financial expert Ricardo Tunnissen believes are critical to successfully buying and renting out an apartment. In his guest post for BudgetBakers, he shares how he became a first-time home buyer in Germany and how much money he makes renting out his apartment. Are you considering
Rents are soaring. Nationwide, they just topped $2,000 on average for the first time, up nearly $300 (11,6%) from a year ago. In some cities, such as Miami, Tampa and Austin, the increase was as high as nearly 50%. Economists and politicians have therefore declared a national rental housing crisis. Today’s price increases are having a significant impact on
You’ve probably heard that the world is in the midst of a global housing crisis. You may have noticed it yourself, if you’ve been in the market for a new home, or even just a rental. Houses are in short supply, while prices are sky high, and the cost of borrowing is through the roof. How many “it’s really
Your budget is suffering from ever increasing costs and you want to know how to save on rent? You’re not alone. Housing costs are the single largest expense for most Americans – especially since the beginning of the year.  In the first six months of 2022, the average US household spent 33.1% of its budget on rent. According to
Our customers at BudgetBakers are, we feel confident in saying: very disciplined in their personal finances. And yet, there are some budgeting failure scenarios that are almost impossible to avoid. This will be a light hearted post about 11 of those budgeting fails. Plus some budgeting pro tips. Ever done an epic fail of budgeting? You’re not alone! Let’s
Open any newspaper to read about how spending habits have changed over the past few years. They will tell you that spending on in-person retail, restaurants, and services were all down massively in 2020 and slow to recover since. Spending on movie streaming services, on the other hand, skyrocketed. One thing they probably won’t mention is one of the emerging
9.1% – That’s the current average inflation rate in the US as of June 2022. It indicates how much more expensive commodities are now, on average, compared with 12 months ago.  Energy and food prices in particular are rising rapidly. According to the Consumer Price Index, groceries account for 10.4 %, and energy for as much as 32.9 %

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