Ways to Beat Inflation and Stretch Your Budget
Inflation has made it more difficult to save money, but that doesn't mean it's impossible.
Here are some ways to save on our major budget categories.
Gas
- Get Gas at a grocery store that offers fuel points or discounts
Groceries
- Use the app for your grocery store to access deals and coupons
- Use a coupon app
- Buy groceries at a discount Grocer
- Look for clearance tags in the grocery store
- Try to recreate your favorite meals from restaurants at home
Transportation
- Repair your car instead of buying a new one
- Shop around for auto and home insurance
- Consider carpooling or public transportation
- Consider remote work
Clothing
- Buy Second hand clothing
Cell Phones
- Shop around for cell phone plans
Utilities
- Consider getting a smart thermostat to monitor and lower energy usage
Housing
- Consider downsizing to reduce housing costs
- Consider moving to reduce housing costs
Once you save money using the above strategies, then you can start to put more money into savings and investments. Here's a good place to start.
Banking
- Move money into high interest savings account or CD (Certificate of Deposit).
Which strategy will you use?
Let us know in the comments!