The financial challenges of inflation are real, but you can get good ideas for saving money from your family members, friends — and the folks at Cinfed!
Here are 8 ways to keep more money in your wallet, courtesy of the Cinfed team.
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Gas prices can be different even in the same areas. I use Gas Buddy to search the best prices and compare my Kroger fuel rewards and have thought about buying gift cards to places I go to get four times the fuel rewards. (Jenifer)
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I put money in my savings account from each paycheck for my six-month car insurance premium. When I receive the bill, I pay for it using my Cinfed World Mastercard, so that gives me 1.5% cash back. Then I use the money from my savings to pay off the Mastercard bill. In essence, this gives me a discount on my insurance bill plus I know I have the money ready for it. My premium recently went down and I had an extra $200 in the savings account. (Wendy)
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When I see groceries are on sale (especially chicken and ground beef) I will buy extras and freeze them. I recently cleaned out my fridge and made a list of exactly what I already had squirreled away. Now I can meal plan and not spend money on things I already have! (Sarah)
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Download the app for your favorite restaurants. They will usually text you deals and most will give you a free gift on your birthday. Some even have reward programs that lead up to free food. (Dave)
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Calculate your monthly bills, divide by 4, and save that amount each week. I set a certain amount for gas and food, pay installments on my loans and then the rest into my savings. I also pack my lunch and try not to eat out. (Ashley)
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I recently consolidated some higher interest rate debt into my Cinfed HELOC [Home Equity Line of Credit] to have one lower monthly payment while paying down debt at the same rate. (Kelsey)
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I take advantage of Cinfed’s Christmas Club and put money away every week so Christmas is paid for in cash and I don’t use any credit cards. It is money out of sight and out of mind until October 1st then I can start shopping. (Susan)
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Research different phone providers for reduced monthly cell bills. You can often get similar coverage and features while paying less. (Laura)