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How I’m Combating Inflation | Femme Frugality

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How I’m Combating Inflation | Femme Frugality

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As of writing, the most recent inflation numbers put us at 7.1%.

That’s down from the pandemic peak of 9.1% in June of 2022.

Once I first began this weblog, we had been three-and-a-half years out from the preliminary begin of the Nice Recession.

Frugality was all the fad. Quite a lot of the Millennial ‘influencers’ you see round acquired their begin writing about how on earth to scrimp by below the opposed circumstances of our youth.

I’m not thrilled that we’re right here once more. It was at all times inevitable that we’d find yourself again right here finally, however the circumstances this time are fairly irritating.

Woman punching towards the camera with pink hand wraps on. Fist is in focus. Woman's face isn't.

How I’ve Been Combating Inflation

As inflation has risen, I’ve modified up the methods I do issues to attempt to assert energy over what may in a short time spiral into budgetary devastation.

So right here’s what I’ve been doing. I hope it conjures up you to pursue artistic methods to present your self some wiggle room, too.

 

Went the Summer season with no AC in my automobile: $750

Proper in time for summer time, the AC went out in my automobile.

I hoped it will be a easy repair. However after taking it to the mechanic, I discovered it wasn’t.

There have been cracks and canisters and labor — the worth of which had not too long ago gone up because of rising inflation.

Going by means of with the repair would price me $750.

I made a decision to maintain that cash in my checking account as a substitute.

My hair resented me for it.

However I didn’t actually care.

IT WAS $750.

 

Took benefit of checking account bonuses: $700

I had a couple of funds are available from new purchasers this 12 months. Earlier than I acquired these preliminary ACH deposits, I researched checking account bonuses.

Good checking account bonuses are a couple of to a number of hundred {dollars}. The necessities to earn the bonus have a tendency to return with:

  • ACH deposit necessities. Often you’ll run into one that allows you to do transfers to qualify, but it surely’s not as widespread for checking accounts.
  • Debit card transaction necessities. Not all bonuses comes with these, however after they do, you’re normally getting one thing like $2 for every debit card transaction.
  • Time necessities. Normally these deposits or transactions need to occur inside 30, 60, or 90 days of opening the account.

I additionally did one financial savings account this manner. Even with Fed price hikes, I’m nonetheless prone to earn extra money by means of a excessive financial savings account signup bonus than I’m by means of curiosity — even with charges above 3%. I ended up getting the excessive charges and the bonus, in order that was a win.

This labored with the best way I’ve my cash allotted. Yours might look totally different.

 

Lowered my web invoice: $360/12 months

I crammed out the tremendous simple utility for the Inexpensive Connectivity Program and began saving $30/month on my web invoice.

Legit! It took lower than 48 hours to use — and that was over a weekend.

You’ll be able to qualify for this program primarily based on revenue. And revenue limits are increased than you could assume.

However revenue is not the one approach to qualify. Take a look at all of the methods you possibly can qualify to begin getting $30+ off your web invoice, too, with the Inexpensive Connectivity Program.

PRO TIP: On prime of the ACP, be sure to’re negotiating your web invoice each time your contract renews. It’ll prevent much more cash.

 

Went by means of my on-line subscriptions with a fine-tooth comb: $360/12 months (to this point)

It’s tremendous necessary to undergo your checking account and bank card statements each month for thus many causes.

A kind of causes is to be sure to’re cancelling any auto-renew subscriptions you’re not truly actively utilizing.

Quite a lot of instances we overlook about these subscriptions whereas the corporate retains billing us within the background. However staying conscious of all of your fees is an effective way to remind your self the place you possibly can minimize bills.

This was particularly necessary to me because the pandemic began. In 2020 and 2021, I had allowed myself to spend a bit of bit extra on these subscriptions. In any case, we weren’t actually spending cash on leisure elsewhere.

 

Taken benefit of free Covid checks by means of insurance coverage: No less than $800

We nonetheless take COVID-19 severely in our home, so we undergo quite a lot of checks. Particularly on these events the place we resolve it’s protected to socialize with others.

We get our Covid checks free by means of insurance coverage. I don’t know if or for a way lengthy this may proceed. However for now, you possibly can rise up to eight checks per 30 days without cost by means of non-public insurance coverage, and a pair of by means of Medicaid.

 

Booked Journey on Factors: $1,000+

2022 was the primary time I had traveled since earlier than the pandemic. I had quite a lot of journey credit by means of numerous packages. A few of them could possibly be renewed by making a purchase order I used to be going to anyhow by means of the reward program’s buying portal.

Others had been expiring for numerous causes. So I used them. On work journeys. On household journeys.

They usually saved me oodles of cash. I acquired excess of $1,000-worth of lodging for $0.

 

I’m nearly successful this battle in opposition to inflation.

If I take the numbers I used to be paying earlier than the pandemic and account for inflation, it prices about $4,250 extra to run my family on a bare-bones finances than it did again then.

The mathematics is imperfect right here. However that’s a really tough, in all probability underestimate.

My inflation-fighting measures saved me not less than $4,000 final 12 months. Although there’s one journey I won’t have taken if I hadn’t had expiring journey factors readily available. So take that for what it’s value.

General, I acquired fairly darn near neutralizing inflation in 2022.

However that doesn’t imply it doesn’t really feel like I’m getting KO’d by it each single day.

 

How are you preventing inflation?

Let me know within the feedback! Or, be a part of me within the dialogue on Instagram below #inflationchallenge.

 

 



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