It seems like prices are skyrocketing on everything these days. Is there anything you can do to save money? Two experts talk about bargain hunting during an inflationary year.
Thanks to inflation, the prices of everything have risen by at least 8%, and some much more. Even simple acts like taking a trip to the grocery store or stopping for gas have become downright painful. For many fixed costs, there’s often nothing we can do when prices go up (after all, we have to drive to work), but there are countless ways we can get deals on other things. Here’s a look at how we can stretch our dollars a little further during these inflationary times.
HOW IS THE HUNTING OF OPPORTUNITIES DURING AN INFLATIONARY YEAR?
Bring Bodge, smart shopping expert at TrueTrae.comsays that bargain hunting will look a little different for everyone. Some people may be “extreme savers” while others are “occasional savers.” Ultimately, she feels that “with inflation as high as it is, it’s important for everyone on a budget to find ways to save in ways that work best for them.”
Karen Hoxmeier, owner of MyBargainBuddy.com, suggests being more creative when you’re looking for bargains these days. For example, he suggests buying things in the end-of-season sales: he recently saw summer clothes on sale for up to 80% off. Hoxmeier is a fan of browsing the clearance section, where she searches for birthday and holiday gifts throughout the year.
He also recommends buying secondhand items, such as through Facebook Marketplace or Nextdoor, and refurbishing rather than replacing items when possible. He’s even had some luck with the trade, trading a week-long stay at his cabin for a video game table.
USE BROWSER EXTENSIONS OR APPLICATIONS
Bodge regularly reviews browser extensions and apps. One of his favorites is slickdeals.net, which is a website, app, and browser extension. She appreciates her sale alerts that alert her when a specific item is on sale. Her other current favorites are CouponCabin.com Y Rakuten.com.
Of course, there are also many other options. Bodge advises: “No matter which site you prefer, make sure you install their browser extension because otherwise you’re leaving money on the table.”
CLIP THOSE COUPONS
Hoxmeier says, “I highly recommend looking for a coupon every time you shop online.” He points out that websites like RetailMeNot Y offers.com list many coupons for online retailers.
However, he cautions, “grocery coupons are another matter. Most of the time, they just make you buy something you weren’t going to buy in the first place, so you can save 50 cents, but you spent $5 on something you didn’t need.” Instead, she’s “a bigger advocate of looking at store ads and planning meals around what’s on sale, stocking your pantry or freezer with items you use regularly when they go on sale, and then stacking a coupon on top.” of an offer if you can.”
Bodge points out that deal sites can help you find and track digital coupons. “But those circulars that arrive in our mailboxes are as reliable as ever, so if you’re more of an analog person, be sure to check out those circulars.” And he recommends signing up for in-store rewards programs that can give you “targeted coupons,” either on your receipts or via email and text.
ARE DOLLAR STORES A GOOD IDEA?
Both Bodge and Hoxmeier agree that dollar stores can save you money in certain cases. Hoxmeier says they’re “great for things like greeting cards, gift bags, and candy.”
Bodge adds that “things like party supplies, some school supplies, name-brand beauty products, and glassware can be excellent value.” However, she observes, “You can go wrong at dollar stores by buying things like toys or electronics that break after a couple of uses…”
USE THE RIGHT CREDIT CARDS
Smart shoppers should also pay attention to the credit cards they use for purchases. Bodge observes: “One thing many consumers don’t do is use the right credit card for what they’re buying, as many credit cards offer the opportunity to earn points or cash back on purchases.”
She admits that some of the points programs get complicated, but one of her “favorite cards is the Amazon Prime Rewards Visa for Amazon shoppers, where you can get 5% back on every Amazon purchase and 1 or 2% on everything.” the rest”. She points out that Target’s red card has similar perks and she enjoys the American Express gold card; it allows you to earn 4% on food expenses, “which is really worth it right now with grocery prices as inflated as they are.”
SEARCH FOR OPPORTUNITIES FOR INFLATIONARY TIMES
Bargain hunting can certainly pay off, and perhaps now more than ever with inflation sending prices skyrocketing. Whether you choose to use browser extensions, clip coupons, or start shopping at dollar stores, finding a bargain will be a lot easier with these expert tips.
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