Let’s face it: The cost of living has taken us by surprise. If you want to know why you are having trouble achieving success, it is because the game has been manipulated.
Although wages have risen in the past few decades, they have not kept up with the pace of inflation.To make matters worse, the cost of large purchases, such as houses, cars, and college degrees, has increased Faster Faster than inflation. In other words, the cost of everything is rising faster than your salary.
The government has a convenient way to measure this-something called the consumer price index, which is essentially the average price of common goods we pay for all of them. The Bureau of Labor Statistics has just compared February 2021 prices with prices a year ago and found that grocery prices have risen by 3.5%!
A number of studies have shown that, on the whole, the cost of living has basically doubled in the past 30 years. Calculator From the American Economic Research Institute.
Difficult to keep up? We have seven money actions, you can start today:
1. Cut your food budget by planning ahead
Groceries are an important part of the high cost of living, so they are an important goal for savings. Try to prepare for the next week through some meal plans.
This is more than just making a shopping list. A real meal plan can help you save money because it can help you use what you buy and prevent food and money waste. It also prevents you from spending extra cash on emergency lunches or late-night takeaways.
First, figure out how many meals you are responsible for cooking each week. If it’s just you, your answer might be 21: Seven breakfasts, lunches, and dinners. If you have a family, count the meals per person—a dinner for three people counts as three dinners, even if you all eat the same things.
Now figure out how much food you need to buy to make it before your next grocery store trip. If you buy the same products repeatedly, you will know which products to stock at a discount. Hoarding special offers can also help you freeze future meals. If there is a way to buy in bulk and prepare the food you eat most often, do it!
2. Get paid every time you buy toilet paper
Regardless of your strategy, groceries still account for a large part of your budget. Everyone has to eat. You can also make a little money when you bag your groceries.
A free app called Receive award Simply purchase toilet paper and more than 250 other items at the grocery store to receive gift card rewards.
It works as follows: After downloading the app, just take a photo of the receipt showing that you purchased an item from one of the brands listed in Fetch. For your efforts, you will get gift cards from places like Amazon or Walmart.
you could Download the free Fetch Rewards app here Start getting free gift cards.
More than a million people already own it, so they must make a difference.
3. Stop paying more for online products
As all costs rise, you must pay attention to every penny. Wouldn’t it be great if you receive a reminder when you shop on Amazon or Walmart.com and are about to be blackmailed?
This is exactly this Free service do.
Just add it to your browser for free, and before you check out, it will check other websites, including Walmart, eBay, and others, to see if your products have cheaper prices. In addition, you can get coupon codes, set price drop reminders, and even view the price history of items.
Suppose you are buying a new pair of shoes, and suppose you have found the best price. At this time, you will see a pop-up window to let you know if these shoes can be bought at a cheaper price elsewhere. If there are any coupon codes available, they will also be automatically applied to your order. *
Last year, this saved people $160 million.
You can get started in just a few clicks See if you pay too much online.
4. Deduct $540/year from your car insurance within minutes
Every dollar is important here. Cutting necessary expenses can have a huge impact. So when was the last time you checked car insurance prices?
You should buy your selection every six months or so-it can save you some big money. However, let us be realistic. This may not be the first thing you think of when you wake up. But it doesn’t have to be so.
A website called Insurance Net Make it very easy to compare car insurance prices. All you have to do is enter your zip code and your age, and it will display your options.
Using Insure.com, people can save an average of US$540 per year.
Yes it is.In just a few minutes, you can earn $500 back in your pocket See your options.
5. Stop making payments to your credit card company
Talk about the high cost of living: Credit card debt is the most expensive debt, and your credit card company just gets rich by blackmailing you at high interest rates.But there is a website called slim Shady Can help you fight back.
If you owe your credit card company $50,000 or less, AmOne will match you with a low-interest loan, which you can use to repay every balance you have.
benefit? You will need to pay a bill every month.And because the interest rate of personal loans is low (AmOne interest rate starts from 3.49% annual interest rate), you will get out of debt that Much faster. Also: No credit card payment this month.
AmOne ensures the confidentiality and security of your information, which may be why after 20 years of operation, it still receives an A+ rating from the Better Business Bureau.
Takes two minutes See if you are eligible for up to $50,000 onlineYou do need to give AmOne a real phone number to qualify, but don’t worry-they will not send you spam over the phone.
6. Add 225 USD to your wallet, just to watch the news
When you can increase your income a little, it will be easier to keep up with the cost of living. E.g:
This is a historic moment for news, and we are constantly refreshing to get the latest updates. You may know more than one news fan who thinks they are respiratory disease experts or political planners.
The research company wants to pay you to keep observing.By registering for a free account, you can add up to $225 to your pocket per month Inbox dollarsThey will show you short news clips to choose from every day, and then ask you some questions about them.
You only need to answer truthfully and InboxDollars will continue to pay you monthly. This sounds too good to be true, but it has paid users more than $56 million in fees.
Registration takes about a minute, and Start getting paid to watch the news.
7. Give your family up to $1 million
The cost of living is rising. Have you ever thought about how your family will live without your income after you leave?
How will they pay the bills? Send children to school? Now is a good time to start planning for the future by studying life insurance policies.
You may be thinking: I don’t have the time or money to do this. But your application may take a few minutes-you can leave up to $1 million in company for your family give. Life insurance policies start at only $16 per month.
During the pandemic, interest in life insurance surged because more and more Americans realized they might need it. In addition, more and more people are seeking test-free life insurance because they don’t want to go to the doctor’s office for a personal examination.Company likes give Use algorithms instead of physical exams to evaluate applicants.
If you are under 54 and want to get a quick life insurance quote without leaving home, Get a free quote from Bestow.
In short, keeping up with the cost of living is difficult. But following these seven steps can make you stand up.
Mike Brasfield ([email protected]) Is the senior writer of The Penny Hoarder. He is also trying to keep up with the cost of living.
*Capital One Shopping will compensate us when you use the provided link to get the extension.