The economy is taking a huge hit right now. Those who were getting ahead and paying down their debt each month are now finding themselves treading through some pretty tough waters. While the best you can do is just ride the wave until the economy perks up, you need to get by in the meantime. Here are some things that you can start doing today to generate a better tomorrow.
Focus on Your Food Budget
Whether it’s feeding 6 kids or just dinner for two, one thing in everyone’s budget is food. You have to eat. No matter what! The problem is, the cost of eating is rising steadily. In fact, the price of food is up 31% from 2020. This means now more than ever, you need to focus on what you spend monthly on meals. Here are some savvy tips to try:
- Buy bulk at wholesale clubs
- Look twice at marked-down food and freeze right away
- Start meal planning to eliminate waste
- Coupon and compare weekly local grocery ads
- Limit eating out to accommodate your budget
- Have a grocery list and stick to it
While you may already be doing some of these things, try digging even deeper. Are there other ways to save? Maybe plant a garden or take advantage of free or low-cost meals at your church or community center. Every little bit helps.
Find the Best Deals Online
It’s time to make your monthly household goods order. You know, toilet paper, paper towels, and baby wipes. You always go through one of the bigger online merchants, because you’re dedicated. Now it’s time to think outside of the box. By downloading this app to your web browser, it will alert you if you can save more through another merchant. It’s handy and free! Because prices are on the rise globally, even shaving a few bucks off your order can be a real benefit.
Lower Credit Card Payments
When glancing at what comes out of your checking account each month, those numbers are a little scary. It seems like your credit card payments keep going up, and there’s no light at the end of the tunnel. To keep household expenses down, try lowering those payments. Don’t stop paying them of course! But resist the urge to transfer funds to other accounts that may have hidden fees and outrageous interest rates.
A site called AmOne offers affordable personal loans with a lot less hassle. The good news? It consolidates all of your card balances into one low, affordable payment. It’s easy to apply and they will handle all the technical stuff for you. Don’t worry, you don’t need to have spotless credit either.
Create Some Passive Income
We all want to make money while we sleep. It’s the dream, right? But, it isn’t that easy to achieve for most people, or is it? You can start small and bypass that big investment too. One site that delivers is Inbox Dollars. You may have already heard of them before, simply open their emails and get paid a few bucks. Well it’s changed a bit.
By completing small tasks and watching videos, you can earn up to $200 a month, paid via PayPal or Amazon. When you recruit others and they do the same, you can make a little passive income.
While implementing these changes into your day-to-day may seem miniscule, it can really add up. Shaving a few hundred off your food bill or finding a way to lower your bills by 10% leaves a lot of leftover funds in your bank account. There’s no getting around riding the wave of a turbulent economy. But finding ways to stay afloat can make things that much easier.
Here’s to Saving and Thriving Daily!
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