Inflation is at it’s highest rate since 1981. As a consumer, you’re probably noticing a steep increase in things like food, gas, and when you’re out shopping. This article will go over a few easy ways to cut corners on spending, so inflation doesn’t empty your wallet. Keep reading below to learn about easy, practical ways to save money.
What We’re Facing
Families in the US are paying $300 more per month on average on every day products over the past year. That’s why its crucial to either start using these money saving tips, get another job for extra income, or both. Sometimes people’s schedules are too busy for another job, limiting their options to beat inflation. So the easiest solution to offset these rising costs is being a smarter consumer.
Save Money On Food
Reports have shown that over 40% of food waste comes from our own kitchen. That’s a ton of food going down the drain. So next time you’re shopping for groceries, be careful. Think about which foods you eat all of, and which foods you only eat half of before disposing of the rest. This will help cut back on waste.
Also you should consider the power of a good freezer. You can easily double the life span of perishable foods like cheese, bread, seafood, and other meat. Even greens and berries can still taste great after being frozen. It’s a good idea to shop at different grocery stores, too. We all get caught up in our routine of going to the same supermarket, but we could be missing out on savings. Whether it’s a local drug store, or a big food retailer, sometimes they have items for less than our normal supermarket.
Other Tips
Gift card sites like Card Cash can get you discounted prices at tons of name-brand stores. Big- chain restaurants are popular on sites like this, so you can have a big night out without spending a fortune.
Save Money On Gas
Fuel Savings programs can get you 5-10 cents off per gallon, which adds up quickly. You also want to download an app like Gasbuddy, which finds you the nearest gas station with the best prices. Don’t forget to bring cash with you when filling up at the gas station. Sometimes you’ll get a small discount for paying in cash instead of a credit card.
Little Moves, Big Savings
These money-saving tips are simple everyday things you can do to beat inflation. The most important thing to remember is to be consistent with these every day transactions. It may not seem like a lot at first, but the longer you use these tips the more savings will start to add up.