Financial advisor Chris Mediate of Mediate Financial  Services  in Canfield provided tips on how to financially prepare amid skyrocketing inflation rates in the new year.

Mediate says budgeting using the 20-50-30 rule aims to save 20% of your income, use 50% for necessities such as housing, insurance and groceries and 30% for recreational activities. This organizational technique can help determine whether personal finances survive threats of inflation or a recession.

Financial advisors can help create good money habits starting with a basic overview of personal financial values.

The expense for professional advice varies, but experts say understanding personal needs is key.

Whether seeking comprehensive financial planning or investment advice, experts says investing in professional financial guidance can benefit many aspects of life.