Tips and Tricks for Fighting Inflation

LOUISVILLE, Ky. (WAVE) – American families are seeing prices rise faster and higher than we have seen in the past forty years.

Making ends meet may require a bit more knowledge and know-how, especially if you’re not making more money.

As concerns and cases of COVID wane, the pandemic still has a grip on our wallets as prices continue to rise on just about everything consumers want to buy. Navigating the exorbitant prices and supply chain issues we face today can be a headache and a pain in the wallet.

Who knows when or if it will get better?

“Since you can’t change these price tags, it’s up to consumers to find savings where and how they can,” said Kristin McGrath, editor of The Real Deal by RetailMeNot.

It’s been called a perfect storm of COVID-19, the war on Ukraine, and issues with the global supply chain.

“Unfortunately most of them are things consumers have no control over,” McGrath said. “Global conflict, uncertainty, labor shortage.”

RetailMeNot surveyed over a thousand US consumers.

72% of Americans are more concerned than usual about inflation, and 54% said it’s harder to provide for their household today compared to a year ago.

“The bad news is that we don’t know when this will end,” McGrath pointed out. “How high it will go. When it gets there. It’s just a lot of things are up in the air, you know.

McGrath said spending less doesn’t mean you have to buy less. When it comes to saving at the pump, there are several things you can do.

“Many gas station chains have their own rewards programs,” McGrath said. “Most of them are free to join. The more you use them, the better the bounce you get.

RetailMeNot is focused on maximizing your driving efficiency by ensuring your vehicle is up to date on all maintenance needs. Also, make sure your tires are full and drive a little slower to improve fuel efficiency.

With today’s economic uncertainty and inflation, shoppers are finding savings when and when they can.

“Take stock of all the credit cards you have in your wallet,” McGrath pointed out. “Many of them offer cash back. Coupons and promo codes can make a difference even if it’s a small discount. These can really add up.

Historic price increases urge buyers to be savvy and cautious when it comes to their money.

RetaiMeNot said to always use a coupon or cashback offer. If you buy something at full price, you are leaving money on the table.

Be sure to scour the internet for services and places that can save you money, and install savings apps to find the best deals on the items you’re looking to buy.

“Really, it’s up to the consumer to be strategic about their savings,” McGrath said. “Always make sure you are looking for that coupon or promotional code. There are many apps and services that allow you to choose from a retailer and get cash back.

Another little tip that helps you and our community: try shopping at a smaller, independent store, where they’ll be more open to price negotiation. Customers can politely try to ask for a lower price.

Click or tap this link for inflation news, tips and new research from RetailMeNot.

WAVE – Louisville and southern Indiana NBC affiliate. Follow us on Twitter and Instagram @wave3news.(WAVE)

Copyright 2022 WAVE. All rights reserved.

About Miley Sawngett

Check Also

Applications for Chicago’s $500-a-month cash program close Friday. Here’s how to apply – NBC Chicago

You only have a few hours left to apply for a Chicago cash assistance program …