Sunday, September 28, 2008

Budgeting tips when prices rise

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You've probably noticed: 'The price of everything is going up'. According to I Am Just A Girl in Debt, author of the I’ve Paid For This Twice Already, rising costs are an inevitable fact of life.

But it seems lately, things are going up faster than pay increases can keep up with it. Sometimes, even when we’re buying the exact same things we bought the month or year before, they cost significantly more. So what can you do when the price of everything is more, but you can’t afford to spend more?

Some helpful hints:

  • Identify wants versus needs.
  • Set 7-day meal plan.
  • Shop for staples vs shopping for meals.
  • Know the unit prices of everything.
  • Find substitutions.
  • Become more self-reliant.

Read the article in full here.

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