Savings Day – Spend Wisely!

Inflation has arrived so we better make adjustments. 

When the government issued stay-at-home orders last year, our spending dropped dramatically. Except for groceries and household goods, we had nowhere to spend our money. We couldn’t go anywhere, so food, gas, and travel spending dropped. We were in survival mode held captive by an unpredictable future. You can temporarily embrace that survivor mentality and sock some significant money away. We know that housing, food, and transportation are the largest expenses in our budget. Interestingly enough, those 3 categories have been greatly impacted by inflation and supply chain disruptions. So, pause and pray for wisdom when it comes to spending in these areas. If possible, wait to make extensive home renovations. Material costs have been way up but some are on their way down. If repairs are necessary, see what you and YouTube can accomplish together.

Wait to buy a car and hopefully, the prices will become more reasonable. If you must replace yours, do your research and check Facebook Marketplace, Craigslist, and reputable dealers. I study available inventory for weeks before replacing a car. This helps me make an informed decision and I recommend you do the same. When it comes to food – consider a healthy diet. Seriously! You’ll get your body and wallet in shape at the same time! Cook at home and exercise for entertainment. The key to saving is wise spending! So educate yourself and fight inflation as an informed consumer. 

Spending without self-control can create credit card debt. If you’re struggling, I recommend Christian Credit Counselors. They can create a debt management plan that works for you. For more information call the Crown Helpline: 800-722-1976 or visit online at crown.org/ccc.