Though inflation is finally showing signs of slowing this year, it's still far from the Federal Reserve's target of 2%. And interest rates are expected to continue rising. So, what can you do to stretch your paycheck in the meantime? With a few small changes to your daily habits, you can find extra savings and help your dollars go further.
Stay on top of your finances and prevent overspending by checking your credit card and bank account transactions on a daily basis.
Putting in the effort and time to plan meals ahead of time will help you create grocery lists and stick to them.
Save money when shopping for groceries or household items by opting for generic or store-brand products instead of name-brand ones.
Using a credit card to pay for daily essentials like groceries and gas can give you extra cash back in your pocket and help you stretch your income further.
Using cash instead of credit cards can help you keep track of your spending and avoid overdoing it. To keep your cash organized, consider taking it a step further and using the envelope method of budgeting.
You can turn everyday purchases into cash-back by using a free rewards app. Get in the habit of taking a picture of every receipt to earn points toward free gift cards like Amazon and Target.