Key Takeaways:
Shrinkflation Defined: Products reduce in size or quantity, but prices remain unchanged, leading to effectively higher costs per unit.
Skimflation Insight: Some products may have reduced quality or fewer ingredients, offering less value for the same price.
Consumer Response: Use unit pricing for more informed purchasing decisions and consider paring back on non-essential items.
Financial Wisdom: Evaluate product necessity and embrace contentment as part of smart financial stewardship.
Brand Loyalty’s Cost: Recognizing the potential financial impact of sticking to familiar brands without considering alternatives.

Notable Quotes:
"I think we've got a little bit of nostalgia, but I do think packaging is generally a little bit smaller these days."
"Inflation is not necessarily a bad thing. The cost of things go up, people's wages go up."
"The company didn’t promise you that that block of family-sized chocolate was always going to be 250 grams." - Pete Burrows
"It sounds like these really caring companies out there are trying to encourage me to do that." - Ben McEachen
"Smaller isn't cheaper really. That's probably what we're going to get." - Pete Burrows

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Key Takeaways:
<ul>
<li>Shrinkflation Defined: Products reduce in size or quantity, but prices remain unchanged, leading to effectively higher costs per unit.</li>
<li>Skimflation Insight: Some products may have reduced quality or fewer ingredients, offering less value for the same price.</li>
<li>Consumer Response: Use unit pricing for more informed purchasing decisions and consider paring back on non-essential items.</li>
<li>Financial Wisdom: Evaluate product necessity and embrace contentment as part of smart financial stewardship.</li>
<li>Brand Loyalty&rsquo;s Cost: Recognizing the potential financial impact of sticking to familiar brands without considering alternatives.</li>
</ul>
Notable Quotes:
<ul>
<li>"I think we've got a little bit of nostalgia, but I do think packaging is generally a little bit smaller these days."</li>
<li>"Inflation is not necessarily a bad thing. The cost of things go up, people's wages go up."</li>
<li>"The company didn&rsquo;t promise you that that block of family-sized chocolate was always going to be 250 grams." - Pete Burrows</li>
<li>"It sounds like these really caring companies out there are trying to encourage me to do that." - Ben McEachen</li>
<li>"Smaller isn't cheaper really. That's probably what we're going to get." - Pete Burrows</li>
</ul>
Got a question, comment or personal story to share? Send it through at&nbsp;<a href="https://hope1032.com.au/show/money/">hopepodcasts.com.au</a>. Ben and Pete will get stuck into it on a future episode.
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money?

Welcome to the profit, loss and real balance sheet of wherever money intersects with you.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Money: Faith &amp; Finance explores the profound and practical of everyday finances. In every episode, we explore the real-life impact of everything from superannuation to stewardship, the World Bank to your wallet – and what does God have to say about money? Welcome to the profit, loss and real balance sheet of wherever money intersects with you.
Pete Burrows is an accountant for small business and individuals with <a href="https://www.lrf.com.au/">Lower Russell and Farr</a> in Penrith, Western Sydney, Australia. Ben McEachen hosts <a href="https://hope1032.com.au/programs/hope-mornings/">Hope Mornings on Hope 103.2FM</a> in Sydney, Australia.

Money: Faith & Finance

Listen to more from our Hope Podcasts collection at hopepodcasts.com.au. And send the team a message via Hope 103.2’s app, Facebook or Instagram.

This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

Listen to more from our Hope Podcasts collection at <a href="http://www.hopepodcasts.com.au/">hopepodcasts.com.au</a>. And send the team a message via <a href="https://hope1032.com.au/listen/#apps">Hope 103.2’s app</a>, <a href="https://www.facebook.com/Hope103.2">Facebook</a> or <a href="https://www.instagram.com/sydneyshope1032/">Instagram</a>. This podcast is not offering financial or investment advice. It's always best to do your own research and to consult a professional financial or investment advisor before making any financial or investment decisions.

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