BBB of Wisconsin Offers Tips to Fight Inflation

Tuesday, June 28th, 2022 -- 11:01 AM

Inflation is higher than it has been since the 1980s in both the United States and Canada.

With prices rising on everything from gas to groceries to housing costs, how can you buy what you need and still stay on budget? The BBB of Wisconsin says inflation is impacting every household.

The same amount of money buys less than it did just months ago, so paychecks don’t go as far. When price hikes hit people who already have limited budgets, covering basic monthly expenses becomes difficult.

Parents may find themselves having to choose between healthy meals and cheaper, less nutritious options. Young people must decide whether to put gas in their tanks or pay tuition. However, all income levels are showing signs of financial stress. Even high earners are cutting back.

Some tips for dealing with higher prices include:

• Know what you’re spending;
• Stick with your current vehicle;
• Get smarter with your grocery shopping;
• See a sale? Jump on it;
• Cancel subscriptions that you aren’t using.
• Negotiate better prices;
• Take advantage of gas price savings;
• Watch out for shrinkflation;
• Enjoy what you already have;
• And Watch out for scams.

For more information, see BBB’s tips on creating a budget, finding sold-out products and smart online shopping.

Feel free to contact us with questions and/or comments.