The theme this week on the Retirement Quick Tips Podcast is: Inflation is sticking around…now what? 

Today, I’m talking about looking for small ways to preserve cash. 

Yesterday, I talked about how the goal is to maintain financial and balance sheet health. This means it’s critical to maintain savings % and cash levels, not deplete current savings, or cut retirement savings, and not take on new debt. 

We can’t control the rate of inflation, but you would be surprised how much you can shave off from your daily, weekly, and monthly spending with a concerted effort. Every little bit counts. If you can cut your spending by $25-50/week just by not buying on impulse, eating out less, and looking for ways to save money on groceries, that’s $200 a month extra that can stay in your bank account. 

[New Seasons v.s Winco]

[Other examples of cutting spending in small ways…]

Start thinking about ways to cut back on spending for Christmas and the holidays now. 

That’s it for today. Thanks for listening! My name is Ashley Micciche and this is the Retirement Quick Tips podcast.    

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Tags: retirement, investing, money, finance, financial planning, retirement planning, saving money, personal finance