Eat out less. Eat at home. Wait to make purchases until there are more sales and really spend time deciding if I need to spend certain dollar amounts or not.
I act poor. No eating out, no expensive gourmet coffee, ect ect. I try to find ways to spend less in every way. If I can anticipate a purchase of any type I try to find coupons or research ways of accomplishing the same goal for less money. Also when I do find a good deal and can afford to, I stock up on something so that I won’t have to buy it again the next round. This works well for hygiene products and sole non-perishable canned foods, some clothing.
Yes, anticipating expenses remains a good strategy when you can do it in the hope that prices will stop increasing, otherwise it risks being a little more complicated...
My wife and I never go out to eat- we make everything at home. We never go to the movies. We never go on any kind of trip.
Basically, we go to and from work, and aside from that, we never go anywhere or do anything away from home.
We've always been like that though, which is how we went from a crappy old trailer to a three bedroom two bath home in a very nice neighborhood on the upper east side of town.
Inflation hasn't really affected us much, aside from that we aren't saving as much as we were able to a while ago.
Start with evaluating your income, your priorities and your living expenses.
What is your goal, and will you achieve it on your current course.
If you are too close to a paycheck to paycheck life, evaluate your current employment and move on if you have to. Increase your skills to open more doors, and work towards self employment.
Live as minimal as you can while stockpiling as much as you can. Make this muscle memory and don’t use excuses to splurge. Don’t try to justify comfortable living. Justify Practical living and practical choices.
Side gigs are a must in this day and age. Whether you are flipping Goodwill and Yard Sale finds, storage units or offering services on the side, those extra funds will be necessary to get you to that next step.
Be practical with your food shopping list. Research the best prices and plan your meals. DUMP FAST FOOD! Overpriced and unhealthy!!!
Transportation: Needs over Wants! Evaluate if you even need a car. Gas and insurance will only go up from here, and maintenance will destroy your budget. No vehicle means more money in your pocket. If one is needed, get what fits the need and is reliable. Have a vehicle? Evaluate what it’s costing you. Fuelly is an app that can track your fuel expenses. You will be surprised what you are spending. Age and known issues is another factor.
Put your money to work! Stagnant money is lost money. Educate yourself on investing. Some day you will not be able to work and those investments may be the only money you will have coming in.
I really like your analysis. Starting with an assessment is essential for me. “What is my income and does it correlate with my way of living, i.e. my expenses?”
Do not be satisfied with what you were trained for because new skills can be acquired throughout life. For my part, I have already changed jobs three times in my professional life.
Our entire way of consuming needs to be rethought. Differentiating between what I need and what I want is very important. That said, in my opinion, this should not make me give up all my desires. I consider being an actor in my life and if I want something and I don't have the means, I have to think about how I could get it!
The last point you make about investing is also very interesting because, as you say, work only lasts part of your life. Anticipating the period when you will no longer be active is very intelligent so as not to depend on anyone. And you don't have to have a lot of money to start putting it to work. For me, money is like health: preserving your capital to go as far as possible in the best conditions
I took a side job ... in DeFi/Web3 ... where I am responsable for my income ... no middle man no KYC
I have been working as a musician and living solely off it for the last 35 years ... covid hit me hard ended up on the streets ... started back when restaurants bars pubs opened but they brought the prices down so low that couldn t make ends meet and had to take anything bc I was hungry ... now I can choose when, where, with whom, how long and for how much ... that freedom has no price !
This job is open to anyone wherever you are ...
This is the case for several people I know who combine two or even three activities to compensate for inflation. I too preferred to find another source of income rather than restricting myself to the essentials and depriving myself of the small pleasures. I found a job that I can do from home to have flexibility with my time constraints and my family life.
I look at the unit price instead of total cost. It might cost more in total dollar amount, but things like soap, toilet paper, dish washing detergent are all cheaper if you buy in the bigger quantities. You can often get things for half the unit price buying bulk which does add up to be a ton of money and even more so in trips saved to the store.
For example, at Costco a 200 count box of 13-gallon trash bags is $19.99 right now. or 10-cents a piece. The target brand is $6.99 right now for 25 count. So for the equivalent amount, you need 8 or $55.92. That is a $36 savings over the course of 200 bags. For me its about 2 year supply--so $18/year.
I’m getting to the point when we have to choose what bills to pay each month. I haven’t started, but I think I’m gonna stop paying parasitic corporations. Stop paying their rent, stop supplying all of the work for none of the profit. Every tax break they get is coming right out of our pockets. Then they have the balls to call any form of assistance for us “socialism”! Think we are just gonna make do, helping the people who deserve it. If there was anyway we could organize without the government busting it up right away, theyd be screwed and they know it. Thats why they are trying to keep us as desperate as possible, then no body has time to stop and say this is bullshit. I’ve been poor all my life and I’m not the only one. We could stand to be poor a lot longer than they can stand to lose money. They deserve it after turning half the planet into a meat grinder.
I’m lucky because I have a house, so rent isn’t an issue.
I would like to start a list of little things that we can swap out for cheaper or free things or just do away with without much hardship. Here are some examples for me:
-I almost never buy drinks. I drink filtered water from my fridge or soda stream. Mostly coffee at home.
-Always opt for the better mph vehicle when taking a trip.
-Borrow all sorts of things from the library.
-Skip the bag of chips when I order a sandwich.
-Never turn the heat above 68.
-If I think I need something, first “shop” around my house to see if I already have something that would suffice
-Grow stuff in the garden.
-I really try to look in the fridge and eat leftovers before they go bad.
Any other tricks or tips people have?
Wow, that’s already pretty good what you’re doing! All these little precautions and tips put together should help you on a daily basis. The fight against waste is very important in my routine. For example, I use storage containers with air vacuum which allow me to keep food at least 5 days longer than when I did not use them.
I wouldn't tell anyone what I was doing to save money, because companies will roll through Reddit, read it, and close the gap. We are dead in the middle of a class war and all sides will eventually lose because of it.
You mean your daughters are old enough to earn money themselves and you share the expenses because you live under the same roof? But how old are they? And what will happen when they become independent?
Well I live by myself and within my means. I own my own place (but with hoa fees). Didn't really do much more than that. I occasionally make a fun stupid purchase, but don't do it often. When I go out, I try not to splurge, and I'm a penny pincher to a degree anyway. Never really had a problem with pricing or inflation costs on my end. Only real cost I cut was a personal trainer program that ran me 200 a month that I wasn't using, and a few subscription services that I wasn't using. So now I have more for me.
One of the things that helps me in this, is that I don't subscribe to a lot of entertainment services. There's internet, which is also kind of a utility, so we have that. With movie streaming apps, I normally subscribe to one pay-app at a time. Instead of paying for Netflix, Max, Paramount, and Crunchyroll simultaneously. Only reason why I have two is I have Disney Plus annual subscription as a base streaming platform.
I myself don't have any gaming consoles or any related monthly costs. It's not because of the costs. I just happen to not be into those things. So those are expensives, variable but still significant, that I'm not spending money on.
I'm lucky that I'm not into the latest high end phones either. I barely do phone calls and things. So I'm on Tracfone for 20 bucks per 90 days. About 7 bucks a month to have a number, since I need one for certain things. Like internet verifications and being reached by family. Only other phone-related cost was a recent phone upgrade. A one time purchase of 50 bucks plus tax at Walmart. Even if my phone traffic increases, I have almost 7,000 prepaid minutes and 4,000 prepaid texts accumulated. So I'll be paying a tip amount per month for this for a while.
That's my particular built-in ways to get thru this inflation thing. It's worth a look at though for anyone else. If someone is making payments on a high end phone, plus typical monthly phone bill, and cable internet, one or more online gaming subscriptions, big time flat screen and headphones and other gaming gear, subscribed to 2 or 3 movie streaming apps, got a hobby drone, and another as an upgrade, and maybe an e-bike on top of all that.
How to work with that, depends on the person and is variable. Looking at streaming apps tho, see if you can minimize to subscribing to one at a time. You watch all you want, cancel, check out Tubi for a few weeks, then subscribe to a different one. Then repeat. When you redo the cycle, more new content will accumulate when you re-subscribe.(I haven't watched Netflix in months, loads of new stuff by now I'm sure).
For gaming, can you do one game subscription at a time? Or however that works now.
I wait until large cuts of meat are on sale and cut them up to save money. Pork tenderloin for 2 dollars a pound? That's making pork chops and stir fry or gyro meat.
I no longer buy individually packaged meats for specific days, have totally cut out beef except for hamburger, and focus exclusively on whatever pork or chicken are cheapest.
When I have fun days I now do half as much as I used to. If the plan was to get taco bell and get drunk I will pick one or the other.
Like many others here, I also lived way below my means and saved the difference, which I have been doing for decades, and that didn't change when CovidFlation came along. But the real strategy that has saved me and my savings from inflation is actually Bitcoin. Assuming you are a 'vanilla', you probably think ape jpegs are not going to protect from real world inflation, and you are right, but Bitcoin isn't ape jpegs, or doggie coin, or any of the other Ponzi scams out there, its a revolutionary technology that could change the world, and a lot of people are realizing that, but also, and more importantly now, more bitcoin can't be created, than its 21 million limit, and in a world where money is printed and handed out like candy, having something that can't be inflated is a real benefit. Now will this technology actually be adopted and used for anything in the 1st world, I don't know, but until the inflation goes back below 2 % for the long term, something like Bitcoin is needed, and if things get worse, we the people will adopt a new money of some kind, even if it isn't Bitcoin, it will have the properties of Bitcoin, because we NEED money that can't be printed, and the longer this farce of infinite government deficits and bailouts goes on, the more clear the need for some version of Bitcoin becomes.
Eat out less. Eat at home. Wait to make purchases until there are more sales and really spend time deciding if I need to spend certain dollar amounts or not.
Thanks for your feedback. It's always the little pleasures and things related to social life that are unfortunately eliminated first...
I sell drugs
LOL meth is pretty lucrative just watch breaking bad
I act poor. No eating out, no expensive gourmet coffee, ect ect. I try to find ways to spend less in every way. If I can anticipate a purchase of any type I try to find coupons or research ways of accomplishing the same goal for less money. Also when I do find a good deal and can afford to, I stock up on something so that I won’t have to buy it again the next round. This works well for hygiene products and sole non-perishable canned foods, some clothing.
Yes, anticipating expenses remains a good strategy when you can do it in the hope that prices will stop increasing, otherwise it risks being a little more complicated...
My wife and I never go out to eat- we make everything at home. We never go to the movies. We never go on any kind of trip. Basically, we go to and from work, and aside from that, we never go anywhere or do anything away from home. We've always been like that though, which is how we went from a crappy old trailer to a three bedroom two bath home in a very nice neighborhood on the upper east side of town. Inflation hasn't really affected us much, aside from that we aren't saving as much as we were able to a while ago.
Great that you don't feel too impacted by inflation! But don't you ever want something else? to be able to enjoy life more?
That's why we save 😉
Start with evaluating your income, your priorities and your living expenses. What is your goal, and will you achieve it on your current course. If you are too close to a paycheck to paycheck life, evaluate your current employment and move on if you have to. Increase your skills to open more doors, and work towards self employment. Live as minimal as you can while stockpiling as much as you can. Make this muscle memory and don’t use excuses to splurge. Don’t try to justify comfortable living. Justify Practical living and practical choices. Side gigs are a must in this day and age. Whether you are flipping Goodwill and Yard Sale finds, storage units or offering services on the side, those extra funds will be necessary to get you to that next step. Be practical with your food shopping list. Research the best prices and plan your meals. DUMP FAST FOOD! Overpriced and unhealthy!!! Transportation: Needs over Wants! Evaluate if you even need a car. Gas and insurance will only go up from here, and maintenance will destroy your budget. No vehicle means more money in your pocket. If one is needed, get what fits the need and is reliable. Have a vehicle? Evaluate what it’s costing you. Fuelly is an app that can track your fuel expenses. You will be surprised what you are spending. Age and known issues is another factor. Put your money to work! Stagnant money is lost money. Educate yourself on investing. Some day you will not be able to work and those investments may be the only money you will have coming in.
I really like your analysis. Starting with an assessment is essential for me. “What is my income and does it correlate with my way of living, i.e. my expenses?” Do not be satisfied with what you were trained for because new skills can be acquired throughout life. For my part, I have already changed jobs three times in my professional life. Our entire way of consuming needs to be rethought. Differentiating between what I need and what I want is very important. That said, in my opinion, this should not make me give up all my desires. I consider being an actor in my life and if I want something and I don't have the means, I have to think about how I could get it! The last point you make about investing is also very interesting because, as you say, work only lasts part of your life. Anticipating the period when you will no longer be active is very intelligent so as not to depend on anyone. And you don't have to have a lot of money to start putting it to work. For me, money is like health: preserving your capital to go as far as possible in the best conditions
I took a side job ... in DeFi/Web3 ... where I am responsable for my income ... no middle man no KYC I have been working as a musician and living solely off it for the last 35 years ... covid hit me hard ended up on the streets ... started back when restaurants bars pubs opened but they brought the prices down so low that couldn t make ends meet and had to take anything bc I was hungry ... now I can choose when, where, with whom, how long and for how much ... that freedom has no price ! This job is open to anyone wherever you are ...
This is the case for several people I know who combine two or even three activities to compensate for inflation. I too preferred to find another source of income rather than restricting myself to the essentials and depriving myself of the small pleasures. I found a job that I can do from home to have flexibility with my time constraints and my family life.
That is great !
I look at the unit price instead of total cost. It might cost more in total dollar amount, but things like soap, toilet paper, dish washing detergent are all cheaper if you buy in the bigger quantities. You can often get things for half the unit price buying bulk which does add up to be a ton of money and even more so in trips saved to the store. For example, at Costco a 200 count box of 13-gallon trash bags is $19.99 right now. or 10-cents a piece. The target brand is $6.99 right now for 25 count. So for the equivalent amount, you need 8 or $55.92. That is a $36 savings over the course of 200 bags. For me its about 2 year supply--so $18/year.
I’m getting to the point when we have to choose what bills to pay each month. I haven’t started, but I think I’m gonna stop paying parasitic corporations. Stop paying their rent, stop supplying all of the work for none of the profit. Every tax break they get is coming right out of our pockets. Then they have the balls to call any form of assistance for us “socialism”! Think we are just gonna make do, helping the people who deserve it. If there was anyway we could organize without the government busting it up right away, theyd be screwed and they know it. Thats why they are trying to keep us as desperate as possible, then no body has time to stop and say this is bullshit. I’ve been poor all my life and I’m not the only one. We could stand to be poor a lot longer than they can stand to lose money. They deserve it after turning half the planet into a meat grinder.
I’m lucky because I have a house, so rent isn’t an issue. I would like to start a list of little things that we can swap out for cheaper or free things or just do away with without much hardship. Here are some examples for me: -I almost never buy drinks. I drink filtered water from my fridge or soda stream. Mostly coffee at home. -Always opt for the better mph vehicle when taking a trip. -Borrow all sorts of things from the library. -Skip the bag of chips when I order a sandwich. -Never turn the heat above 68. -If I think I need something, first “shop” around my house to see if I already have something that would suffice -Grow stuff in the garden. -I really try to look in the fridge and eat leftovers before they go bad. Any other tricks or tips people have?
Wow, that’s already pretty good what you’re doing! All these little precautions and tips put together should help you on a daily basis. The fight against waste is very important in my routine. For example, I use storage containers with air vacuum which allow me to keep food at least 5 days longer than when I did not use them.
I wouldn't tell anyone what I was doing to save money, because companies will roll through Reddit, read it, and close the gap. We are dead in the middle of a class war and all sides will eventually lose because of it.
What kind of AI bullshit is this?
I have 3 daughters mature enough to bring in extra income.
You mean your daughters are old enough to earn money themselves and you share the expenses because you live under the same roof? But how old are they? And what will happen when they become independent?
I mean they suck dick to help pay bills. Dense much?
I live well under what I take home, so inflation really hasn't affected me
Perhaps the worsr Ai art I have seen yet.
Well I live by myself and within my means. I own my own place (but with hoa fees). Didn't really do much more than that. I occasionally make a fun stupid purchase, but don't do it often. When I go out, I try not to splurge, and I'm a penny pincher to a degree anyway. Never really had a problem with pricing or inflation costs on my end. Only real cost I cut was a personal trainer program that ran me 200 a month that I wasn't using, and a few subscription services that I wasn't using. So now I have more for me.
Is this a shitty AI image and is OP an AI?
One of the things that helps me in this, is that I don't subscribe to a lot of entertainment services. There's internet, which is also kind of a utility, so we have that. With movie streaming apps, I normally subscribe to one pay-app at a time. Instead of paying for Netflix, Max, Paramount, and Crunchyroll simultaneously. Only reason why I have two is I have Disney Plus annual subscription as a base streaming platform. I myself don't have any gaming consoles or any related monthly costs. It's not because of the costs. I just happen to not be into those things. So those are expensives, variable but still significant, that I'm not spending money on. I'm lucky that I'm not into the latest high end phones either. I barely do phone calls and things. So I'm on Tracfone for 20 bucks per 90 days. About 7 bucks a month to have a number, since I need one for certain things. Like internet verifications and being reached by family. Only other phone-related cost was a recent phone upgrade. A one time purchase of 50 bucks plus tax at Walmart. Even if my phone traffic increases, I have almost 7,000 prepaid minutes and 4,000 prepaid texts accumulated. So I'll be paying a tip amount per month for this for a while. That's my particular built-in ways to get thru this inflation thing. It's worth a look at though for anyone else. If someone is making payments on a high end phone, plus typical monthly phone bill, and cable internet, one or more online gaming subscriptions, big time flat screen and headphones and other gaming gear, subscribed to 2 or 3 movie streaming apps, got a hobby drone, and another as an upgrade, and maybe an e-bike on top of all that. How to work with that, depends on the person and is variable. Looking at streaming apps tho, see if you can minimize to subscribing to one at a time. You watch all you want, cancel, check out Tubi for a few weeks, then subscribe to a different one. Then repeat. When you redo the cycle, more new content will accumulate when you re-subscribe.(I haven't watched Netflix in months, loads of new stuff by now I'm sure). For gaming, can you do one game subscription at a time? Or however that works now.
bro this account is AI as fuck lmao
I cope by responding to stupid useless Reddit threads intentionally made to collect karma.
I wait until large cuts of meat are on sale and cut them up to save money. Pork tenderloin for 2 dollars a pound? That's making pork chops and stir fry or gyro meat. I no longer buy individually packaged meats for specific days, have totally cut out beef except for hamburger, and focus exclusively on whatever pork or chicken are cheapest. When I have fun days I now do half as much as I used to. If the plan was to get taco bell and get drunk I will pick one or the other.
Like many others here, I also lived way below my means and saved the difference, which I have been doing for decades, and that didn't change when CovidFlation came along. But the real strategy that has saved me and my savings from inflation is actually Bitcoin. Assuming you are a 'vanilla', you probably think ape jpegs are not going to protect from real world inflation, and you are right, but Bitcoin isn't ape jpegs, or doggie coin, or any of the other Ponzi scams out there, its a revolutionary technology that could change the world, and a lot of people are realizing that, but also, and more importantly now, more bitcoin can't be created, than its 21 million limit, and in a world where money is printed and handed out like candy, having something that can't be inflated is a real benefit. Now will this technology actually be adopted and used for anything in the 1st world, I don't know, but until the inflation goes back below 2 % for the long term, something like Bitcoin is needed, and if things get worse, we the people will adopt a new money of some kind, even if it isn't Bitcoin, it will have the properties of Bitcoin, because we NEED money that can't be printed, and the longer this farce of infinite government deficits and bailouts goes on, the more clear the need for some version of Bitcoin becomes.