Our Enemy - "Inflation"
Inflation has huge impact on our lives and it does not only affect our salaries but also the cost of purchasing. Inflation hits everyone from every angle, food, transporation, gas prices (though the prices of gas have gone down at the time of writing) and other goods and services.
Understanding the impact of inflation is essential as it has significant effect also on the long term savings and your retirement in the later years. If we do nothing to deal with it, one can just only lower the living standard. If one is still young and still in the workforce, you could implement some strategies in order to fight against inflation. Strategies involve long term investment at low risk, engagement of lower loan interest rates and make use of your talents. If one is already retired, then you may want to balance your life style and lower the living standard.
Read my post on "Inflation" on my site and I hope that gives you some ideas about it.