Скачать или смотреть How to Save Money During High Inflation

if you've noticed that the cost of everything from your favorite pizza to your dream car is on the rise, you're not alone! These price surges are happening because of inflation. That’s when the price of items increases, while your dollar loses value. And though a pinch of inflation is good for our financial system, high inflation can leave us concerned for the future.

Here are a few things a budget-savvy person like you can do:

1. Start tracking your spending. There are several free apps that can find subscriptions you don't use and help you track your spending. Scott Credit Union also offers free budget tracking on their financial literacy webpage: scu.org/financial-literacy

2. Take advantage of accounts with rewards, like CashBack Checking at Scott Credit Union. You can get cash back on the shopping you already do. These rewards can go a long way by giving you more value for your spending.

3. Diversify! Put your money into different types of accounts, like a certificate or money market account. If you need help, reach out to Scott Credit Union because they have great interest rates! Plus, their professional staff can help you diversify and explain all the options.

4. Chat with your employer about a raise. It may not be easy, but you never know until you ask, right?

5. Turn your interest into a side hustle. You could be the neighborhood dog walker, yoga instructor, or start that photography business you’ve been dreaming about.

While we can't predict the future, if history tells us anything, inflation rates will continue to change over time. We just have to do the best we can!

Hope this helps! Check out our financial education playlist for videos that can help you through your financial journey:    • Financial Education  

Check out our website for more financial tips: www.scu.org

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