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Tips to Consider with Inflation on the Rise

Jason Simon

Jason Simon

Posted Jul. 02, 2008
Tagged: ,

Inflation, the general increase in the level of prices of goods and services over time, is on the rise, and we are all feeling it at the grocery store, gas pump, and so on. Jeremy at Generation X Finance recently wrote about the increase of Spam consumption. Spam musubi is a very popular snack in Hawaii! And what about trading in your gas guzzling car for something that gets better mileage. The sale of mopeds has substantially increased, as they get an estimated 80-110 MPG.

Inflation is changing our spending habits, and this is no surprise since it ranked as the No. 1 financial worry in a recent CNN/Money poll.

Here are a few tips to help you reduce the effects of inflation on your budget:

  1. Adjust your spending habits. Instead of buying coffee five days a week on your way to work, try every other day. Refill your water bottles with tap water or use a Brita Pitcher rather than buy a six pack of water at the grocery store.
  2. Grocery prices are on the rise, so try using coupons. Go for store brands over name brands, and get yourself a store rewards card to get automatic discounts.
  3. Find the cheapest gas station in your neighborhood by doing some research online. Read Guzzle, Guzzle, Gas Going Up: Tips and Tricks to Save a Few Dollars.
Let us know what you're doing to combat inflation.

My name is Jason Simon and I am your Qvisory Money Content Manager.

Money matters to me as much as it probably matters to you. I know what it’s like to feel anxious, confused, and angry while trying to figure out how much to spend on rent, where to find a job, or which credit card to use. These are the types of decisions we all must face.

I strongly believe that Qvisory is opening a space to discuss these issues, learn from each other, and creatively advocate for money, work, and health issues that affect our daily life.

Follow me along as write at the Tools for Life Blog. See Jason Simon's other posts and profile.

Comment (1)

Jason Simon
07/30/08 07:47 PM

I found a great article with money saving tips from Consumer Reports. You can visit it at http://finance.yahoo.com/banking-budgeting/arti...

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