Inflation is a bear. Despite what politicians say, commercial interests can generally charge whatever they want for goods and services. Consumer inflation, as a result, is at a 40-year high.
You can, however, adopt a strategy to find lower prices. Here’s what you need to know:
- Get rid of gas-powered cars and trucks. In most areas, vehicles cost thousands of dollars of year to fuel, maintain and insure. We’re selling two cars from our household, which will cut our vehicle spending in half. You can now buy electric pick-ups, SUVs and hatchbacks that will never see a gas pump.
- Cut down on unnecessary monthly expenses. Do you really need cable or online streaming subscriptions? We’re down to one.
- Look for generics. You can save 30% in the grocery aisles by purchasing generic products instead of name brands.
- Knock down your debt repayments. Paying your credit card bill within the monthly grace period means no interest. Also get cards that pay you back with cash or airline miles.
Of course, there are hundreds of other things you can do. Look at your monthly bills. Where can you save?