How To Save Money As Inflation Prices Keep Rising

How Are You Saving Money As Consumer Prices Rise?

The price of gas, the price of food, the price of just about everything seems to be rising. How do you save money as inflation prices rise? Don’t let inflation wreck your budget and sink you further into debt. Learn what is going on and how to save money.

Why Are Prices Going Up?

The price of consumer goods are going up for a number of reasons. The last few years have been full of economic events that have put a strain on the supply of goods. Labor shortages, supply and demand, world events and other reasons have caused an increase in prices namely inflation.

What Is Inflation

Inflation is when the value of the dollar falls and the price of goods rises. Currently we are seeing a record high in inflation which is putting a strain on family budgets.

What Products Are Affected By Inflation

Honestly, what products aren’t affected by inflation. The price of gas is on a constant rise which affects the cost of most transported goods causing a rise in consumer goods on a whole. Gas, food, housing and public services are a few notable products and services affected by inflation.

How To Save Money During Inflation

A few simple ways to save money during inflation and any other time you see prices rise are to shop sales, make more home cooked meals, decrease your trips or combine your errands and look for cheap entertainment options.

15 Ways To Save Money During Inflation

Shop store sales
Shop locally
Create a stockpile or file the pantry
Grow your own food
Make more homecooked meals
Start making use of your freezer store food and freezer meals
Bring your own coffee, lunch and snacks from home
Skip the pop and juice – opt for water
Watch gas prices and fill up accordingly
Make your trips count – combine your errands
Plan a staycation instead of a road trip
Learn to DIY what you need
Downsize and sell what you don’t use or need
Watch the prices – keep a pricing book
Be smart with your money and budget

Product Shortages During Inflation

Product shortages or lack of product supply is a big issue right now. Toilet paper supply was a big issue during the pandemic. Baby formula, pastas and dry goods have experienced supply issues. Some areas have experienced shortages in chicken and other meat products.

Inflation Product Shortages

I have noticed a shortage and supply issue in milk alternatives like soy and almond milk in our area. We also experienced a gluten free pasta shortage and rice products are low at some of our local grocery stores. Other items that have been hard to come by are diapers or some premade products like breakfast potatoes or waffles. Note that every area and grocery store is different in stock and supply.

What To Stock Up On During Inflation

When prices are on the rise you want to stock up on items you regularly use or a logical alternative. Please don’t clear the shelf. There are other families out there that need supplies too.

Inflation Pricing

If you can, bulk buy the items you need like pantry staples, canned vegetables and fruits. Talk to your local farmers for deals on meat and eggs. Watch your sale flyers for deals and stock up.

How To Save Money On Groceries As Prices Rise

As prices rise start shopping around. You don’t need to be loyal to one brand or one store. For example my boys drink soy and almond milk. During the shortage I swapped our regular brand for a few different kinds and shopped a few different stores to ensure they had milk for their cereal and bedtime snack.

How To Save Money During Inflation

Watching store sales is important during inflation. Shopping locally, making meals from scratch, opting for a few meatless meals, skipping the “special” items and bringing food back to basics. Make friends with your grocery store manager, local farmers and other growers is important they can get you great deals on items. Also shopping discount retailers and ethnic stores can help cut the costs of groceries.

How To Avoid Inflation Price Increases

Essentially there is no way to avoid inflation price increases but you can decrease the amount it affects you by growing your own, cooking from scratch and becoming more self sufficient and sustainable.

Saving Money During Inflation

When it comes to entertainment and holidays while prices are high there is nothing wrong with planning a staycation, cheap or no spend family weekends or popping popcorn watching a movie or planning a family BBQ.

Surviving Inflation Price Increases On A Single Income

Facing inflation on a tight budget or on a single income whether you are a single parent or simply a single income household can be hard. Essentially, you need to make your dollars stretch farther to make it all work. Start shopping sales, grow your own produce from seed, make more home cooked meals, start meal planning, work with other single income families to decrease babysitting and other family costs. It can be done.

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Welcome! I am so glad you are here I am Cynthia, primary frugal mom blogger at Saving & Simplicity.

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Updated June 24, 2022