Posted on 05/09/2023 6:15:25 PM PDT by Diana in Wisconsin
Many people are experiencing high inflation FOR THE FIRST TIME and seeing just how substantial of an impact it can have in terms of personal finance. It can be easy to stress over whether there’s enough money to pay your bills as prices continue to go up.
Luckily, the bottom line is that implementing one or more of these ideas can improve your finances and help you save for the future. Pick the ones that you feel are the easiest to implement and start saving money today.
1. Add Saving to Your Budget
2. Ask for a Raise
3. Buy Cheaper Alternatives
4. Cancel Unused Subscriptions
5. Get a Side Gig
6. Invest
7. Pay Down Debt
8. Reduce Energy Bills
9. Set Spending Priorities
10. Use Cash Back Apps
Many of us here have already been through the 2008 '0bama Reign of Error' but if there are new money-saving ideas, I'm all over it!
I just dropped collision insurance on my 12 year-old car. Saved almost $400 bucks.
NUKE the $3+ trillion 80%+ unconstitutional portion of the federal government.
There. Fixed.
Don’t buy Bud Light…
2. Ask for a Raise
Why didn’t anyone think of that before?
It doesn’t work if you’re self-employed.
“Hey boss, how about a raise?”
“Get back to work, ya bum!”
Yeah, “Ask for a raise”....keeps the inflation going. Counterproductive/”spiral”.
Vote everey demonRAT out of office.
Meal prep.
All these are good ideas, and things that we have always done by habit. But, the bottom line is not to live beyond your means, look for the deals, and put your money where it will retain its value. Oh yeah, and make sure you have a sizeable emergency fund, or some assets that you can turn into cash in an emergency.
We are down to driving one vehicle. The four year old Lexus stays in the garage while we drive the worn out F-150 most places.
We let our son buy dinner tonight. Saved a hundred bucks.
Coupons and sales. Check all the weekly ads and stock up on those great deals. Also switched cell phone carriers.
I reminded her that I had gone in on Saturday and she docked my pay again for not being on time.
She is one mean lady.
Don’t go to Cabo or Cancun every year because your neighbors do. Go see your folks.
I just renegotiate my homeowners insurance, which increased an additional $300 compared to last year. By increasing the deductible and lowering the personal property limit (which was very high and more than I needed) my premium decreased $400.
Reduce your tax profile as much as legally possible, especially using more savings mechanisms, 401k, ira, etc.
Cut all donations to govt entities like NPR, PBS, etc.
Stop buying unnecessary things with large amounts of govt taxes on them. Like cigarettes and booze.
Stop funding govt with your lottery ticket purchases.
1. Stop profligate spending in DC
2. Abolish the Federal Reserve
Smash/grab. Keep it under 1K.
Repeat.
Cut off cable TV or that little dish outside the house.
Get a minimalist cell phone unless you just have to have a smart phone on your ear when you walk down the street.
Drive a 10 or 20 year old car; it has to be reliable but it doesn't have to be new.
If you can't afford the house you currently live in relocate to a house you can afford.
Don't buy as much stuff. When you don't buy stuff, you not only save the recent inflationary price increases, you also save the baseline cost. You save 100 percent.
Don't eat out often. Cook at home more. Take lunch to work or school in a brown bag or, to reduce costs further, a clean lard bucket.
Don't buy high-priced coffee. Find a cheap workaround for coffee.
Don't let young children guilt you into buying junk. They have enough junk at home already. Get young children something of value - a single shot .22 for example. For safety reasons wait until they are old enough to know right from wrong; say five or six years old.
Speaking of target practicing: practice with a .22. Don't blast away with .556 costing $.50 per.
Choose a spouse that you are not going to have to divorce. Divorce is a wealth killer.
Don't take expensive vacations. Stay home and rest; or do something useful like pack the wheel bearings in your equipment trailer. Somebody's got to do it anyway.
And if you desperately need money, give some away. Don't ask me how but generous people seem to accumulate money and have everything they need and then some.
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