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Your life being ruined by inflation? Here Are 8 Ways To Reduce Your Living Expenses

Your life being ruined by inflation Here Are 8 Ways To Reduce Your Living Expenses

Around a decade ago (gasp), during my college days, I could easily manage a week’s worth of groceries for a mere $60. This budget covered all the typical college essentials like milk, eggs, and ramen noodles, along with the ingredients for my renowned peach sangria. Oh, what a time to reminisce. However, fast forward to last week, when I found myself spending $60 on items like kale, almond milk, a box of cereal, and chicken. As I exited the store, it felt as though I’d been mistakenly charged twice, but regrettably, that wasn’t the case. I can’t be the only one wondering how we’ve reached this point. How many more “just going to pick up a couple of things” trips, where I spend more than $60, can I endure?

If you’re feeling the financial squeeze, be it for food, rent, or leisure activities, you’re not alone. It can be a bitter pill to swallow when your expenses keep climbing, despite no significant changes in your spending habits, and you’re not exactly raking in more money. Your cost of living is largely dependent on your location and inflation rates. Unfortunately, inflation has been steadily on the rise in recent years due to supply chain disruptions, global events, and heightened demand—quite the unholy trinity.

Nonetheless, even if you reside in an area with a relatively low cost of living, you’ve probably noticed that prices have been surging. While you can’t easily uproot and relocate to a more affordable state or alter inflation rates, there are several practical steps you can take to trim expenses and make your dollars stretch further.

Be strategic with your food budget:

To get the most value out of your food expenses, it’s wise to enter the store with a well-thought-out plan. Devote some time to meal planning for the week and list precisely what you need. This helps prevent impulse buys and food spoilage.

Consider online grocery shopping to stay on budget without the temptations of snack aisles.

After shopping, engage in meal preparation to have food readily available, reducing the urge to dine out.

Evaluate hidden energy costs

Utility bills can add up quickly, whether you’re a renter or homeowner. Find creative alternatives for setting a cozy atmosphere, like candles and blankets instead of energy-consuming lighting.

Air-dry your clothes when possible and unplug devices not in use to minimize energy consumption.

Reduce water consumption and limit extended showers for both cost savings and environmental benefits.

Cut unnecessary recurring expenses:

Review your subscriptions, such as streaming services, gym memberships, and auto-reloading of cards, to eliminate any you can do without.

Consider a trial period of canceling subscriptions, adding them back only if you truly miss them.


Gas and maintenance costs for your vehicle might be rising. Assess how often you drive recreationally and look for options to lower insurance and maintenance expenses. Evaluate whether selling your vehicle makes sense.

Explore alternative transportation modes, such as transit, carpooling, biking, or walking. Consider car-sharing programs if you don’t frequently use your car.


Housing expenses typically comprise a significant portion of one’s budget. If possible, consider downsizing or relocating to a more affordable neighborhood.

If you have extra space or rooms, consider finding a roommate or looking into short-term rentals.

Negotiate with your landlord for a reduced rate, possibly in exchange for upfront payments or covering more utilities.

Check your city’s regulations on allowable rent increases to ensure compliance.

Learn some DIY and repair skills:

Basic repair skills can help save money on maintenance and replacement costs. Utilize free online tutorials to learn to fix common issues.

The ability to mend items instead of replacing them can lead to substantial savings.

Opt for free or low-cost activities:

Seek out affordable or free activities and events to reduce leisure expenses.

Engage in low-cost social gatherings, such as potluck movie nights or home-cooked dinners, and explore local hiking or free events in your area.

Try your hand at negotiating…everything!

Negotiating can lead to cost savings in various areas, including service fees, streaming subscriptions, insurance, and more.

Consider negotiating your salary and requesting cost-of-living adjustments in your workplace reviews or promotions.

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