Let’s face it, inflation is all over the news for a variety of reasons… and none of them are positive. According to the Bureau of Labor Statistics 2021 report, grocery store prices are 11.9% higher than in 2021.
This means that a $100 basket of goods that you may have purchased before or during the pandemic, will now cost you $111.90. And that number could continue to grow before the end of the year.
So what are your options? We’ve compiled a list below with some of our recommended strategies for combating rising prices wherever you might face them. Some you may have already thought of or experimented with, but we’re sure following even just one of these strategies could reduce the total cost of your groceries for the month!
1. Consult the experts at Easy Tax Relief
A debt of any kind can force you to reevaluate your situation. Tax debt especially. It can leave you drained and the stress can pile up once the IRS gets involved. If you’re looking for assistance to kick start your progress, the experts at Easy Tax Relief can help.
ETR is designed to help you get out of tax debt faster and could even eliminate some of the debt you owe. ETR is not like most tax companies. They’ll assist with IRS communications, as well as can help you pay off your tax debt faster while potentially reducing what you owe.
2. 200$ One-time cash reward bonus
When it comes to rewards credit cards, the idea of sorting through so many options can be overwhelming. Especially if you’re new and receiving tons of conflicting opinions from friends and family. The idea of juggling multiple cards across spending categories can be tough. Instead, break the problem down into actionable steps, and start making progress!
Wells Fargo Active Cash Card is a smart choice for avoiding a troublesome credit card onboarding experience. It really is a smart choice, with the opportunity to earn unlimited 2% cash rewards on eligible purchases. Plus, new cardholders can receive a [(one-time cash reward)] of 200$ cash after spending $1,000 in the first 3 months. Owners of this card can also enjoy no annual fees.
3. People don’t regularly share how much they pay for car insurance.
Auto-Insurance doesn’t have to be a headache of various line items and researching what your state’s minimum requirements are. Instead, let the experts at SmartFinancial leverage technological innovations like AI and machine learning to solve those problems for you.
SmartFinancial utilizes data science and data-driven approaches to get you the proper estimates for someone in your exact situation. On average, they find that you can save up to $500/year in car insurance! This is a great way to find unique ways to save money and learn if you have been overpaying for auto insurance. Make your decision based on real-time data from their clients in the auto industry. SmartFinancial isn’t focused on telling you if the insurance is good or bad. Their goal is to help you find an insurance option that fits well with your predicted interactions in the company. Are you an Uber driver? Have some kids that will soon be joining your auto insurance plan? SmartFinancial can help you make the right decision.
4. Keep your Grocery Budget intact. Reduce the Impact of Surprise Home Repairs on your Wallet!
Whether you’re a brand new homeowner, or a homeowner’s insurance owner already this tip will help you keep those cupboards full in a pinch. Choice Home Warranty can pick up the slack where your preparedness, or insurance, falls short. Not being able to make repairs could leave you in a bad situation- but a home warranty could protect you from adding another project to your home improvement list.
If a covered system in your home breaks down, you can receive 24/7 assistance from their repair hotline. With a network of over 15,000 technicians, you can rest assured the issue can be resolved in a timely and inexpensive manner. CHW were awarded Best Company’s 2020 Consumer’s Choice Award. For a limited time, you can get your first month free when you sign up for a Single Payment home warranty plan.
5. Debt Relief Programs that fit your Situation.
If you don’t take control of debt early on, it can add stress to your life for years. The longer you put off tackling it, the harder your debt issue becomes. What if there was a way to tackle your debt? It can feel like quite a burden to watch that number slowly rise while the cost of your groceries does simultaneously.
Here’s the issue: the longer you wait to address your debt, the harder it will become to fix with the projected inflation continuing to rise steadily. If you can manage this debt early on, it can reduce stress and help take some weight off your shoulders when you swipe your card at the self-checkout register.
Freedom Debt Relief could provide you a program estimate in minutes! If you have $20,000 + in debt from cards, bills, collections, or personal loans, their representatives might be able to assist you in resolving your unsecured debt through a low monthly program payment.
Our estimates are based on prior results, which will vary depending on your specific enrolled creditors and your individual program terms. Not all clients are able to complete their program for various reasons, including their ability to save sufficient funds. We do not guarantee that your debts will be resolved for a specific amount or percentage or within a specific period of time. We do not assume your debts, make monthly payments to creditors or provide tax, bankruptcy, accounting or legal advice or credit repair services. Our service is not available in all states, including New Jersey, and our fees may vary from state to state. Please contact a tax professional to discuss potential tax consequences of less than full balance debt resolution. Read and understand all program materials prior to enrollment. The use of debt settlement services will likely adversely affect your creditworthiness, may result in you being subject to collections or being sued by creditors or collectors and may increase the outstanding balances of your enrolled accounts due to the accrual of fees and interest. However, negotiated settlements we obtain on your behalf resolve the entire account, including all accrued fees and interest. C.P.D. Reg. No. T.S.12-03825