12 ways to save money amid rising prices due to inflation

12 ways to save money amid rising prices due to inflation

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What’s that up in the sky? Is it a bird? Is it a plane? Is it Superman? Unfortunately, the answer is “prices.” Whether it’s gas, rent or groceries, things in our day-to-day lives are pricier than ever thanks to inflation. While inflation was expected to decline this year as the supply-chain pressures brought upon by COVID subsided , the Russian invasion of Ukraine reignited price hikes, particularly in regard to gas. Now, inflation has hit a 40-year high and wallets across the nation are feeling lighter because of it.

To combat these soaring prices and live more comfortably, it might be time to make some adjustments to your spending habits. Cutting back on your expenses is the best way to fight the rising prices and save money. While it won’t be easy to give up some of the habits that you love so dearly, we’ll show you alternatives that are worth it and will save you money in the longrun.

Get deals and shopping advice delivered straight to your phone. Sign up for text message alerts from the experts at Reviewed. 1. Invest in a credit card with rewards

One way to save money is by investing in a credit card that rewards your spending with perks, such as cashback and points. Different cards specialize in different spending habits and therefore save you money on different expenses. Examples include cards that save you money on groceries , online shopping and travel . One inflation-induced thorn in the side of many is that of gas prices and yes—there are cards that can save you money on gas, too. What’s more, the credit card you’re already using might even have a rewards program that you haven’t been making the most of. 2. Shop at wholesale clubs

Another way to save money is by getting a wholesale chain membership such as one to Costco or BJ’s . Buying groceries in bulk tends to be cheaper per part than buying items in smaller sizes. In addition to being able to buy groceries in bulk, these memberships often come with the benefit of gaining access to these stores’ exclusive gas pumps , which are sometimes the least expensive gas around. 3. Walk or bike to your destination

While driving is often essential to make it to many destinations, for closer drives it’s worth exploring alternatives to your engine. After all, there’s no better way to save money on gas than not using it at all.

When going to a place that’s close to home, you might want to just foot it. You’d be surprised at how walkable the places around us end up being. Plus, walking is associated with benefits such as more restful sleep and improved cardiovascular health. Just make sure you have a good pair of walking shoes on. We recommend picking up a pair of New Balance shoes, particularly the New Balance 993 which are known for their sturdiness and versatility . Distances that are a bit too far to walk still have a car-free option: biking. The Schwinn Discover Hybrid bike has rave reviews on Amazon that attest to it being worth its price. With a built-in luggage rack, the Discover is an excellent choice for commuting this summer. 4. Bring the movies to you

Speaking of getting to destinations, another way to cut back on spending is limiting outings on the town such as going to the movie theater. While the summer is just getting started with action-packed blockbusters and movies the whole family can enjoy , going to the movies isn’t a necessity and you can save money on tickets. But before you get out your pitchforks, we never said you shouldn’t watch movies at all. You can experience the magic of film from the comfort of your home thanks to the many streaming services currently on the market. Better yet, some services feature new releases on the same day as the theatrical release, if not soon after. You’ll also thank us for saving money on concessions.

For the best streaming device to watch your movies, we recommend the Roku Ultra. It supports many platforms such as Netflix, HBO Max and Disney Plus. Its remote features voice control and easily programmable buttons so that you can navigate to all your favorite services. 5. Use a meal kit subscription instead of eating out

Another destination you might consider going to less often is […]

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