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List: Posted: 01/31/12
Trying to save money today can seem almost impossible. With each year that passes, inflation makes the price of basic necessities rise to seemingly ridiculous levels. Here are five of the things that are going to start costing more as the years go by, and some quick tips to save on household items.
Your food budget is going to be stretched thin in future, as the USDA predicts a yearly rise of two to three percent on the cost of groceries. Meat and dairy products are predicted to rise even higher.
One of the best ways to save some money on groceries is to start using coupons. These are available for free online, by visiting the websites of your local grocery store or supermarket. You should also make sure that you buy only what you need and make a list before you visit the store. Impulse purchases can end up costing you a third to a half over what you originally intended to spend!
The money you spend on fuel and heating costs is going to rise as well. Some believe that the price of gas is going to rise close to $5 a gallon by 2012. The best way to save money on gas is to start carpooling, take the bus or the train if that is practical, and walk if your trip is less than five blocks (half a mile). Another great way to save gas is to plan ahead and do all of your errands on one day a week, such as a Saturday, rather than driving out to the shops every single time you need something.
With cotton prices rising higher, the cost of clothing is going up. To save on clothing, you can shop at consignment stores or thrift stores to save some money. You can also frequent garage sales and second hand stores, like Buffalo Exchange or Crossroads. This will surely save you a pretty penny, and you'll enjoy $1 days where almost every item of clothing in the store is just a buck (including shoes, belts and handbags/ purses).
Health insurance premiums are on the rise, too. The only way to save money is to shop around and maybe choose a different type of coverage that will provide only for the larger expenses, such as surgery.
Also, spending more money on your health in the short-term will pay off in the long-term by helping you avoid everything from minor sickness to major diseases. Join the gym, invest in healthier food, take your daily vitamins, trade the six-pack of Pepsi in you fridge for a one-gallon water jug with a Britta filter, give up smoking (try Chantex), and go for a 30-minute walk every day. By doing these six small things, you'll lose inches from your waistline, and maybe even live longer!
The fees at many of the most popular banks are going up, as well. Saving money on your banking fees means that you need to shop around to find the best deals, and don't be shy to admit that you're looking for the best price. This will often cause banks to lower their fees just to get you in the door as a customer. You have nothing to lose by asking!
M&T Bank is committed to helping you reach your financial goals. For over 150 years, M&T Bank has been providing exceptional banking products and friendly, personalized service. We are one of the top-performing regional banks in the country. M&T Bank offers a suite of bank accounts and lending solutions, including savings accounts, checking accounts, auto and home loans, and more. Whether you’re interested in a bank credit card, personal loan or student checking account, our wide array of financial products can help you plan for the future. We also offer convenient features like online bill pay and free account access at more than 2,000 M&T Bank ATMs. So go ahead—raise the green flag with M&T Bank to start making your money work harder for you.
The material in this article is for informational purposes only. The views expressed in this article are those of the author and do not necessarily reflect the views or opinions of Local.com. See Additional Information