When you're facing sky-high inflation and the dollars in your pocket isn't stretching as far as they used to, it's a great time to start thinking about ways to save more and reduce costs.
Although it may feel counterintuitive to pour more money into investments when your budget is tight, investing is more important than ever during times of inflation.
The average American family spends approximately $273 per month on subscriptions. Subscriptions can be costly if you don't use them often every month. You have Spotify, Amazon Prime, Netflix, Hulu, Disney+, and the list goes on and on.
Although it's always wise to live on a budget, it's even more critical during times of inflation. You might be shocked, but 73% of Americans don't follow a budget.
The grocery store is one of the biggest danger zones for breaking the budget. Fortunately, there are easy changes you can make to help you save money.