Stressed Over the Latest US Inflation Spikes? Here are 10 Easy Ways to Save!
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From home to gas to food, here are some way to cope with rising US inflation.
Prices are at an all-time high thanks to US Inflation!
From Starbucks menu increases to stock shortages, the home, gas, and grocery food price inflation spikes are impacting all of us. But fear not, as we have some recommendations to help out! The US inflation we’re currently facing refers to higher prices of goods and services we often purchase. When the price goes up, the stock of inventory goes down, so we pay higher prices for lower availability. This happens every so often, but it’s something we’re especially experiencing in 2022.
“In 2022, food-at-home prices are predicted to increase between 1.5 and 2.5 percent, and food-away-from-home prices are predicted to increase between 3.5 and 4.5 percent.” – U.S. Department of Agriculture
There may not be a ton we can do about this, but we can alter some of our choices. We’re here to let you know what is being affected the most and what you can try instead. Keep in mind, these are super simple ideas that may not make a world of a difference, but let’s look at the positive side; maybe you’ll try something you never have before and actually enjoy it!
1. Dairy is predicted to increase between 4% – 7%. Instead, try almond milk!
Dairy is one area that has been severely increasing. In December 2021, it went up 2% in price, and it’s predicted to go up significantly by the end of 2022, partially because there just isn’t enough cow inventory to keep up with the demand and overall retail price increases.
Instead, try a dairy substitute! Any milk alternative would work, including oat milk, coconut milk, and others, but personally, I absolutely love almond milk! It’s creamy, smooth, and has perfect milk consistency. Although I still consume dairy in my diet, I often use almond milk for my cereal. Plus, almond milk lasts twice as long as regular dairy milk.
Hip Tip – On our sister site, Hip2keto, we tested the best dairy-free milks on the market!
2. Meat including beef, chicken, and pork are significantly up in price. Let’s try some Meatless Monday recipes!
When it comes to food price inflation, meat is probably the biggest area we’ve seen impacted. We saw this in 2020 too, but, currently, pork is up 14%, beef and veal are up 16%, and chicken prices are up by 10.3%. 😮
It doesn’t have to actually be a Monday, but there are so many delicious vegetarian meals you can try that go beyond an impossible burger. We’re not saying to become a full-fledged vegetarian (that is, unless you want to!), but it’s a great time to expand your palate. If you’re unsure of where to start, we have a list of our favorite 24 Meatless Monday meals everyone will love!
3. Sell or donate dresses you no longer wear!
Food isn’t the only thing impacted by this US inflation; women’s dresses, specifically, are raised by 8%! Because of this, try to optimize your wardrobe using basic pieces as much as possible. Sort through your closets to see which clothes (again, specifically dresses) you no longer wear. From there, you can sell them to generate some extra money or donate them to help out your local community.
4. Make sure you’re turning off lights and unplugging when you’re not home.
We’re currently experiencing a 6% increase in electricity. As obvious as it sounds, I’ve left lights on for hours without even noticing only to pay the price later. Take it a step further and get into the habit of unplugging any additional electronics before leaving your home to avoid unnecessary electricity expenditures.
5. With the rise in the cost of eggs, it’s time for some alternative breakfast ideas.
I’m sure a bunch of us absolutely love eggs and eat them often. According to The Washington Post, back in 2019, the average American consumed 279 eggs annually. But at the moment, they’re up 8%! It’s only February, meaning this breakfast favorite may rise even more.
Eggs are probably the easiest breakfast you could possibly prepare, but there are so many other yummy options that will satisfy your sweet and savory taste buds. We have so many non-egg breakfast recipes here at Hip2Save. With a little research, you can find tons of other ideas that offer high protein breakfast recipes while skipping the eggs, stretching out your supply to last a little longer than normal.
Looking for a no egg low-carb breakfast? Try our keto oatmeal recipe!
6. With the rise of fresh produce, let’s grow our own!
Now, as someone who lives in an apartment, I know not everyone has the space for an entire garden. However, there are crops like green onion and romaine lettuce that you can literally grow in a glass of water! It’s one of the methods we tried when figuring out the best ways to save on produce.
Oftentimes, our fresh produce goes bad before we can even use it all, so growing our own minimizes the financial burden. You can also buy tons of frozen produce. Despite popular belief, you’d be surprised how much better some fruits and veggies are frozen compared to fresh ones, and the prices are sometimes half!
7. Make the most of leftovers by meal prepping.
According to Money Under 30, if you stick to meal prepping and utilize all your leftovers, you can save up to $9 per meal. With the cost of what feels like everything increasing, try your best to stretch your groceries as much as possible, and meal prepping is a great way to do that while also avoiding takeout.
8. Use public transportation, ride a bike, and walk as much as possible.
This one’s probably the hardest one to find an alternative option considering many of us drive pretty much everywhere, but considering gasoline has gone up almost an entire dollar nationally from this time last year, utilizing public transportation, bikes, and walking is super beneficial.
This is going to be easier for those who live in a major city and have the resources, but if you can swing it, it’s definitely worth trying to use other transportation methods aside from your vehicle.
9. Brew your morning coffee at home!
Not only is this a general money-saving tip, but it’s also more crucial now than ever considering coffee is facing a 9% increase. You may have heard about Starbucks’ recent influx in pricing due to this same reason. I know we all love coffee shops, but it’s never been more frugal until now to make your own coffee and take it to go.
10. For cheaper groceries, try shopping at ALDI or use store brands.
Although ALDI prices are rising too, a discounted grocery store may make the world of a difference for your budget. You can save big on so many things, and ALDI most likely has a few of your favorite items just at an unbeatable price!
If you’re sticking with your regular supermarket, be open-minded to less expensive name brands of the same items. We love our favorites, but sometimes the store brands are just as good, if not better!
Hip Tip – We’re sharing 18 store brands that are actually made by name brands.
Here are lots of ways to make some extra money!