Are you feeling the pinch? Gas and food prices are not normally factored into the analyst's inflation calculations, which is completely absurd. These are two of the items we need most to live our daily lives. Here are some ideas to help you offset the increased costs we're facing today.
Live Closer to Work
Commuting has been the norm in the US for many years, but times are changing. Fuel prices are certain to remain high for years to come. Centralizing your life and living closer to your work will not only save you money on gas and car maintenance, it will also give you more time at home.
Ride Your Bike or Walk
Need to run to the corner store? Take your bike or walk. You'll get some exercise, help the environment and save money.
Coupons and Store Specials
Adding coupons to store specials can save you lots of money. For example: A manufacturer's coupon may be used in addition to a store's buy one get one free offer. Keep coupons for products you're interested in and watch for store specials on these items to maximize your savings.
Price Matching
Many stores offer a 30 day price matching policy. This may apply to competitor offers and same store price changes. After you buy an item, keep an eye on the store advertisements. If you see a price change on something you bought, take the receipt back for an adjustment.
Reduce Your Cable TV Services
How many channels do you really watch? Reduce your cable TV Services. Some cable companies offer an unadvertised “basic, basic” option with minimal channels (The first 16 or so).
Don't Buy Garbage Bags
Instead of using garbage bags, re-use the plastic grocery store and department store bags with a smaller trash can.
Use Regular Unleaded Gas
Unless your owner's manual says that your car requires premium gas, save your money and buy regular unleaded gas instead. Your car's performance and mileage will not benefit enough to justify the extra cost.
Shop for Free or Cheap Items
Use online classifieds, forums, and free item groups to find the items you need. There are groups online that trade, barter and even offer free items. Try shopping at charitable thrift stores that support your local community. You'll save perfectly good used items from the land fill and you'll help your community.
Don't Buy New Cars
You'll lose money as soon as you drive off the lot. Making your used car last longer would be best, but if you really need a newer car, look for one that is about 2 to 4 years old. The cost of the car will be lower, giving you a better chance to pay cash instead of financing. You'll save on the depreciation and the cost of financing.
Don't Overdraw Your Bank Account
Most banks now earn much of their revenues from fees, which is why banking fees have increased so much. Protect yourself with an overdraft protection plan and make sure you don't over spend on your account. This could save you hundreds of dollars in fees.
