18 tips for beating inflation

No doubt, inflation is putting significant pressure on people’s budgets, and the future looks bleak when it comes to the potential of prices falling soon.

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The latest Consumer Price Index (May 11, 2022) revealed that consumer goods and services rose 8.3 percent (on average) over the last 12 months.

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As prices continue to rise, here’s a look at beating inflation on everything from groceries to gas to household bills.

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Shop strategically

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Stick to store brands

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Buy gift cards in bulk

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Look for local specials

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18 tips for beating inflation

No doubt, inflation is putting significant pressure on people’s budgets, and the future looks bleak when it comes to the potential of prices falling soon.

The latest Consumer Price Index (May 11, 2022) revealed that consumer goods and services rose 8.3 percent (on average) over the last 12 months.

As prices continue to rise, here’s a look at beating inflation on everything from groceries to gas to household bills.

Shop strategically

Another way to ditch impulse grocery buys is to use a handbasket rather than a cart. You don’t have as much space to toss in anything other than the necessities by doing this.

Stick to store brands

Store brands have come a long way in the last decade, so you don’t have to worry about sacrificing taste and quality to save, and you’re looking at spending around 30% less.

Buy gift cards in bulk

Before heading out to eat, pick up a discount restaurant gift card. You can snag significant savings when buying bulk packs of gift cards from warehouse stores.

Look for local specials

Happy hour isn’t just for drinks, many bars and restaurants also offer deals on appetizers and select menu items, so this is a good time to dine out to save.

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Finding a financial advisor doesn’t have to be hard. SmartAsset’s free quiz matches you with fiduciary financial advisors in your area or who serve your area. If you are ready to be matched with financial advisors that can help you achieve your financial goals, take the quiz now.

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