Friends With Money bonus episode: When it costs more to live


With petrol prices above $2 a litre and a bag of groceries costing more each day, what can you do to stay on top of your budget? A finance coach with more than 17 years of experience shares how his clients are reassessing their savings plan.

This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Verante's Liam Shorte about the pains of the rising cost of living. We discuss:

  • Why retirees are holding off their travel plans this year;
  • Why the Russia-Ukraine conflict will push food prices for many years;
  • Why you need to top up your budget by 20% to cover all your expenses;
  • What does a finance coach tell all his clients to achieve a comfortable retirement?

friends with money podcast when it costs more to live

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Michelle Baltazar is editor-in-chief of Money magazine and an award-winning journalist, editor and publisher. She has worked at media companies including BRW, Shares Magazine (London) and industry newspaper Financial Standard, and has written about superannuation, wealth management, investment technology and financial advice.

Liam Shorte is director of Verante.