Fighting Inflation: Make The Most Of Your Buying Power

(NC) — Inflation is quickly raising the price of goods and services and significantly impacting monthly budgets, but there are ways to help lessen the effects.

The first thing to do is figure out where inflation is hurting household budgets the most, likely with gas and groceries.

To offset high gas prices, plan errands and routes to cut down on travel time. Set up a carpool for commutes or kids’ activities and take public transit, bike or walk when distance and weather permits.

For groceries, try to find in-season local produce, check weekly flyers for sales and plan meals to avoid unnecessary waste. Stretch your savings by growing your own foods in a garden at home.

When substitutes are not available, find ways to mitigate costs. Rewards programs can help you save on future purchases and adventures.

Travel, entertainment and dining do not need to be put on the back burner due to inflation. It has been a long two years and many of us are eager to get back to the activities we’ve missed out on.

Use your earned rewards points toward hotel rooms, flights and tourist attractions. With a plan in place and early preparation, you will be able to enjoy your summer holidays within budget.

This report was first published by News Canada.

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