What are the best saving tips to apply on this inflation time?

[Stardom22]

As we all know that, the inflation has hit us so badly and the results are higher prices of all items.
So what are the best money saving tips that one can use during this time?

 

[eLdavis]

Self discipline and proper management is the best way to go about this. Take time out to set a budget for yourself.

 

[Sanjeev]

Make a monthly budget and spend as per it. Don't go out for food, spend less money for fun, don't waste electricity etc that will surely help you to save some money.

 

[freelancermaria]

I always cook home-cooked meals, turn off lights that are not in use, buy in bulk, and go for generic brands, to name a few.

 

[klassicdoll]

I think the best saving tips to apply during this inflationary time are to reduce expenses, especially regarding our wants.

 

[eLdavis]

I think the best saving tips to apply during this inflationary time are to reduce expenses, especially regarding our wants.

Yes reducing expenses is definitely a good step to take this period. Anyone who wants to keep spending the way they used to before the inflation, might end up being in debts.

 

[Phavee]

Make a plan for your money allocate some for bills (rent, electricity), some for groceries, and some for savings goals (vacation, new phone). Needs come before wants.

 

[Suba]

If there is light inflation in a country, it will not have a too bad impact on personal finances, but if there is medium inflation, we have to prepare ourselves to live a more frugal life, so you have to only buy the necessities of life that are truly necessary. Look for other sources of income, keep saving and investing.

 

[Augusta]

Make an achievable budget for things and stick to it. Buy only things that are very necessary

 

[Starmix]

Adjust the lavished lifestyle to frugal to be practical. I started living in frugality. I seldom shop shoes, clothes, and bags. I have to use my commonsense.

 

[magnus2022]

The first step is to cook your meal. The second step is to starting farming what you use to eat like vegetables. You don't need to buy everything! Bùy what you need and try as much as possible to break some habits like smoking.

 

[Augusta]

Two needs you should focus more on are rent and food. You can suspend other things now for this period of high inflation

 

[Sanjeev]

Try to moderate use of electricity and water. Cook food in house than to go in the restaurants or buy online. There are many other things which you can do in your house than getting them done outside.

 

[Starmix]

Conserve water and current, but if it is extremely hot there, you cannot reduce your current consumption.

 

[Sanjeev]

Conserve water and current, but if it is extremely hot there, you cannot reduce your current consumption.

You can do it by limiting the time of AC and try to sit in a park in the morning and evening, that will reduce the consumption of electricity.

 

[Trush Jodie]

If one can get a small land and plant the basic foodstuff he or she consumes, that would go a long way to help the person save money.

 

[Springtime]

Cook at home instead of eating out, look for good deals such as buy one get one free, turn off the lights when the room is not in use, take a shorter shower to save water.

 

[King Belieal]

In as much as one can, one should cut away spendings that are redundant from their lives. For instance, I have incurred unnecessary expenses in the last two weeks. These are expenses that were completely unnecessary b

 

[Fidelia]

Two needs you should focus more on are rent and food. You can suspend other things now for this period of high inflation

I agree with you. If you don't fix these two needs, and you have to be stranded outside, it won't be a funny ordeal. Secure your accommodation and find a way to eat. That's basic survival.