February 2, 2023
How to Stretch Your Dollar During Inflation
Inflation has affected everyone’s wallet and how everyone spends. Now more than ever, every dollar counts. Here are some ways you can stretch your dollar during this period of inflation.
Keep track of your spending.
One of the best ways to stretch your dollars is to know exactly where your dollars are going. There are various apps and online tools to help you keep track of your accounts. Tools like Knoxville TVA Employees Credit Union’s MoneyDesktop help you track all your financial accounts in one place. MoneyDesktop will help you keep up with your goals and spending trends so you know exactly where each dollar goes every month. When you track your spending, it’s easier to spot areas to trim out or to add funds.
Look for a deal!
It is so satisfying when you find a great deal! While it may require a little more time and effort, it is certainly worth the effort to search for the best deals on items. Make a detailed list of what you need to buy and research prices beforehand. Many stores offer free loyalty programs that offer discounts on select items. If you shop online, always check for coupon codes for discounts. For big-ticket items, research when they typically go on sale. For example, September is traditionally the best time to buy mattresses, furniture, and appliances. It just takes a few steps to save!
Find the right financial tools.
When you find the right financial tools, it can stretch your dollar both in the present and in the future. Credit Cards, like the KTVAECU® Visa® Platinum Credit Card, offer uChoose Rewards® points on every purchase. These points are redeemable for cash back, gift cards, travel points, and more! Certificate Accounts are a great way to take advantage of extra funds because they reward you for saving. IRAs offer a tax-advantaged way to save for your future!
For more ways you can make your dollar go further and the best financial tools on the market, visit tvacreditunion.com.
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