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Frontier Bank offers tips to trim your budget when inflation is highWith rates of inflation in the United States reaching record highs, now is the time to review your budget. While a budget may be the last thing you want to think about, price increases on things like gas and groceries may require you to cut out unnecessary expenses elsewhere. With that in mind, Frontier Bank is offering the following budget trimming tips to help you fight inflation at home and manage the high cost of living.
The promotional rate on balance transfer offers usually expire after a period of six to 18 months, so if you are carrying larger balances, you may want to discuss options with a credit counseling service. They can help you find solutions that won’t break your budget now and will help you eliminate debt over time.
You should also look at small expenses. If you make a daily trip to the coffee shop, for example, those purchases can add up quickly. Cutting those projects and services out of your budget can add up fast, too. More tips can be found in the blogs Spring Clean Your Finances and 5 Lifestyle Changes that will Save You Money.
You could also cut back on items that have been hit hardest by inflation. For instance, the cost of carbonated beverages, like soda, has risen sharply in the last year. Buying less of these types of products will have a positive effect on your budget.’
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