Awesome Finance Hacks | How to Beat Inflation So You Can Save Your Money Like a Boss

Dec 1, 2021, 8:44 AM
How to Beat Inflation...
(Adobe Stock)
(Adobe Stock)

This article about how to beat inflation in 2022 is sponsored by SRE.com.

Wondering how to beat inflation and save money these days?

Consumer prices are up by 6.2% compared with last year, according to the Bureau of Labor Statistics. This includes a 0.9% increase from September 2021 to October 2021 alone.

How long will inflation last?

No one knows for sure. Some experts think we’ll start to see relief in 2022, while others say we’re due for an economic crash.

How to Save Money During Inflation and Rising Prices in 2022

How to Beat Inflation

Photo: Adobe Stock

Though these numbers can sound pretty disheartening, there are ways to beat inflation and save money, even as prices continue to rise.

Don’t let next year continue to drain your hard-earned funds. Here are 5 strategies to come out on top financially in 2022.

1. Budget Like a Boss to Beat Inflation

how to beat inflation

Photo: Adobe Stock

If you’ve been wanting to know how to beat inflation in 2022, your budget is the first place to start. You can’t save money without controlling spending.

And with so many tools available for budgeting, there’s really no excuse not to be on top of your spending habits.

The trick is to set clear limits beforehand.

First, write out every expense you have, including what you commonly spend on.

And don’t just guess; go through your bank transaction history to get a clear picture of your habits.

Whether you like to see it all laid out in a spreadsheet, or prefer text alerts through apps like Cleo, there are endless options for tracking spending.

If you’re not into apps, you could go old school and keep a checkbook ledger.

Or keep an envelope in your wallet and stash every receipt inside. You can go through receipts daily or weekly to ensure you’re on track and not overspending.

Another trick is to wait 3 days before buying something you think you need. This way, you’ll be sure it’s really a necessity and not an impulse buy.

2. Stay Ahead of Price Increases & Reduce Food Costs with This Mom Hack

How to Beat Inflation

Photo: Adobe Stock

You’ve probably noticed that food prices are rising. It’s hard to say if it’ll stop any time soon, so it’s important to manage grocery spending with care.

Luckily, there’s a little-known mom hack that will help you save a pretty penny when grocery shopping.

Order all your groceries for curbside pickup.

That’s right! While it’s true that grocery pickup comes with a fee, if you’re putting in a large order, it’s well worthwhile.

Not only does it save tons of time, but it also prevents you from impulse buying as you walk down the aisles.

Additionally, online grocery shopping enables you to compare prices more easily. It also makes it easier to buy in bulk to stay ahead of supply chain shortages, because you’ll know you’re getting the best deals.

Try it and find out firsthand how much you can save!

3. Buy, Don’t Rent: Get a Home Mortgage with a 1.550% Interest Rate

How to Beat Inflation

Photo: Adobe Stock

During times of inflation, the market usually favors homeowners, not renters.

So, save yourself some grief. If you’ve been thinking about buying, do it now before prices rise even higher.

But don’t just stop there. You’ll also want to make sure you get the best interest rate.

If you need a home loan for $500,000 or less, SRE Human Assisted eCommerce and their SPE (SRE Professional Experts) offer loans with interest rates as low as 1.550%. You can get a 15 or 30-year fixed-rate loan. And the SPE will even rebate 20% of their commission straight to the customer.

If you already own a home, you can significantly reduce your monthly payment by refinancing.

Home prices are constantly in flux. If you think this is the right option for you, get prequalified today!

4. How to Beat Inflation By Paying It Forward

How to Beat Inflation

Photo: Adobe Stock

Everyone’s hurting in some way these days. We can all make the world a better place by paying it forward whenever we can.

Whether that comes in the form of buying someone’s McDonald’s order in the drive-thru or giving your leftovers to the homeless person on the corner, there are many ways to make a difference.

Take this New Jersey chef’s story, for example. He turned his garage into a food pantry during the pandemic to help those in need. It started as a small neighborhood food collection, but with the charity of others, quickly morphed into something more.

His act of charity cost him nothing to start up, and now he runs a nonprofit and a food warehouse for those in need.

You never know how your actions could change someone’s life (including your own). When more people pay it forward, it creates a community that helps others.

Start today, and who knows? Maybe the world will pay it back when you need it most.

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Awesome Finance Hacks | How to Beat Inflation So You Can Save Your Money Like a Boss