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.
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.
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.