Inflation Savings Tips & tricks

Inflated? Subscriptions

Inflation isn't cooling yet, which is bad news for those whose budgets can't keep up. While April seemed to be improving, May inflation surged & worsened in June. 

Buffie Purselle, author of "Crawl Before You Ball," says inflation is over 9%, making everything more expensive. "Food, petrol, water — the basics. No one's budget has place for wants right now."

Personal finance experts rarely advise against setting a budget and household spending plan, but they urge to choose the programme or software that works best for you.

Visualize before writing

One expert recommends doing it the old-fashioned way. Lisa Fischer, chief growth & lending officer of fintech business Mission Lane, recommends writing down everything.

Inflation isn't cooling yet, which is bad news for those whose budgets can't keep up. While April seemed to be improving, May inflation surged & worsened in June. 

Inflated? Subscriptions

Rising interest rates make borrowing money more expensive, but your savings account yield has probably scarcely budged, if at all. You can save in inflation-aware autos.

Moment-based investing

Maya Nijhawan, co-founder & COO of Finch Credit, recommends TIPS & Series I Savings Bonds. Both help safeguard your money from inflation, but they have differences.

Before you buy, read the fine print. You may buy Series I bonds through October & lock in a 9.62 percent interest, which beats even today's strong inflation. Nijhawan noted there are drawbacks.

If you don't have a large family, you may be used to shopping without a plan, but with inflation over 8%, you can't afford it. 

Plan Your Shopping

Touchdown Money CEO Scott Lieberman says you can save $20 every grocery trip by using cheaper brands, coupons, cash-back credit cards & apps, & discounted gift cards.

For More Stories

Click Here