Beating Inflation in 2023:

9 Tips To Help Stretch Your Paycheck

With a current inflation rate of 5%, everything the general population spends money on has become considerably more expensive in the last eighteen months. As prices started rising, gas and food were the first to be struck by increasing inflation.

As everyone around the globe started to deal with rising costs, pinching paychecks tighter and tighter, governments had to change tactics to keep inflation from running rampant.

Here are some tried and true tips, courtesy of Qapital that should keep your money working for you even if the economy isn’t.

Let That Light Shine

When you can clearly see where your money is going, it's easier to evaluate your weekly and monthly expenses. You can then eliminate areas of spending you no longer find valuable.

One way to beat down inflation is to pay what matters first. Rent, car payments, insurance, etc., are bills that should be first up on your budget.

Money Matters

Do It Yourself

Doing things yourself can help you save a significant amount of money. For instance, repairing your clothes and learning basic car upkeep skills can save on replacement and maintenance costs.

By making lists of significant shopping, like groceries and clothes, you’ll safeguard against spending money that should be going elsewhere. The next time you plan to shop, make a list of essentials, and you’ll be less likely to impulse buy.

Write It Down

Buying in bulk is usually good advice, as prices tend to be cheaper when you purchase more of an item.

Buy In Bulk

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