Inflation-Proof Your Finances
Organization and Action Steps to Inflation-Proof Your Finances
Managing your money during certain times can feel stressful for many of us. Turn financial insecurity into financial empowerment. Try to find a $1 cheaper alternative for each grocery item you buy this week.
Organization
Your financial peace of mind isn’t tied to the headlines. It’s rooted in the solid grounding of wise financial practices.
Shopping at big box stores means you will find many distractions that end up costing you more than if you paid slightly higher prices at a regular grocery store.
The advantage to shopping online is that if you see the amount in your cart is over budge,t you can remove items and save them for the next week.
Needs are: mortgage/rent, utilities for living car, payment/transportation costs, groceries (not dining out), and minimums toward debt. Everything else is a want.
Action Steps
Put together an emergency fund of $500 to avoid having to use a credit card in an emergency.
Use Amazon Subscribe and Save for household items. Schedule everything to be delivered on the same day of the month. This helps you avoid opening the app all the time and being tempted by new products.
Audit your bills periodically to make sure there are not errors and that you are on the most economical plans for your utilities.
Be loyal to your bank account, not loyal to a company who truly doesn’t care about your bank account.
Regularly maintain your home and appliances to prevent costly repairs down the line.
Keep up with car maintenance. It extends the life of your car and ensures it runs efficiently, which saves you money.