We shop a lot more at $1.25 General
How Are You Coping With Inflation?
- Thread starter Monroe Claxton
- Start date
I just thank the climate change gods and hope any additional money I find can go to Ukraine.
I'm eating less, drinking less, buying less, and working more. Focusing on what I do have and spending as much quality time with those I love as possible. Same things as I did with lesser inflation really
I’ve almost stopped eating in order to save! Biden is going to need as much as possible in a few years and I’ll be there for him! He’s done so much for us!!!
Destroying the middle class. Increase dependency.
Instead of making a trip to “town” everyday for a random item or two, I make one trip and get everything once a week. Eat out less, cook at home more.
It hasn’t effected me too much. I still work from home, so I’m not forced to burn gas to get to my source of income.
It hasn’t effected me too much. I still work from home, so I’m not forced to burn gas to get to my source of income.
I'm sending what little I have at the end of each month directly to Lockheed Martin, Northrop Grumman & the DNC. It's the only way to put an end to Putin's Price Hike. To suggest otherwise is treason.....
I’ve been paying more for goods and services
So far this year I’ve had to lay off the downstairs maid and two of the gardeners. If this keeps up, the live-in dog sitter and the assistant chef are next.
I have cut back on my drinking. I made a 24 pack last 10 days and then I usually do not get but one of those a month as opposed to before where I could down 5-6 18 packs a month. With expensive groceries and gas I am probably just breaking us even there.
I am also trying to back up from taking vacations as those are expensive. I have 3 cruises booked but thinking going to move the one from this fall to fall 2024 (have one Fall 2023 & Spring 2024) so I do not have to worry about planning one until 2025 sometime. When we go on these we will no longer be buying the expensive drink plan on board Carnival's ships to save money as sometimes that costs more than the cruise for 2 drinkers! I also try to look for free/cheap excursions at the ports (free pools/free ocean swimming), etc.
I am also trying to back up from taking vacations as those are expensive. I have 3 cruises booked but thinking going to move the one from this fall to fall 2024 (have one Fall 2023 & Spring 2024) so I do not have to worry about planning one until 2025 sometime. When we go on these we will no longer be buying the expensive drink plan on board Carnival's ships to save money as sometimes that costs more than the cruise for 2 drinkers! I also try to look for free/cheap excursions at the ports (free pools/free ocean swimming), etc.
I’m demanding a raise from my employer and student loan forgiveness. That should make my paycheck go farther.
Was this brought over from Rafters? The Paddock is recession-proof.
Hasnt changed anything for me yet on any major purchases but at the grocery, I have stopped buying snacks I would typically buy due to them being completely over priced now.
I bought a boat this year and feel I actually got a good deal on it. Tough to find one and paid under sticker. Never hit the website as they had just gotten it in.
I bought a boat this year and feel I actually got a good deal on it. Tough to find one and paid under sticker. Never hit the website as they had just gotten it in.
A tank of gas lasts me between 2-3 weeks unless we go somewhere out of the ordinary. A tank of gas lasts my wife around 2 months. We have 3 grocery stores, our doctors' offices, 2 CVS, 2 Walgreens, 43 restaurants, 6 gas stations/convenience stores movie theater, a beach, and inlet with fishing piers and kayak access within 6 miles of us. I don't play golf, but you could also include 2 golf courses. We just don't do a lot of traveling unless it's football season or we're going to East TN and back visiting family.
We eat or order out a couple of times a week, just like we always did. I mostly cook/grill at home. Groceries have gone up for sure, but it's not affected how we eat yet.
I'd also add that going between south Florida and East TN, it hasn't stopped people from traveling. Traffic has been horrible. Our son took his family to Disney in early June. He said it was packed. Our daughter took her family to Gatlinburg and rented a cabin for 5 days. Spent a couple of days at Dollywood and one of the water parks. She said it was packed as well.
We eat or order out a couple of times a week, just like we always did. I mostly cook/grill at home. Groceries have gone up for sure, but it's not affected how we eat yet.
I'd also add that going between south Florida and East TN, it hasn't stopped people from traveling. Traffic has been horrible. Our son took his family to Disney in early June. He said it was packed. Our daughter took her family to Gatlinburg and rented a cabin for 5 days. Spent a couple of days at Dollywood and one of the water parks. She said it was packed as well.
I closed my coal mine and bought a Tesla because Pete Buttigieg told me to. I mean, if you can't trust the Sec. of Transportation then who can you trust?
That’s a thinking man’s joke.
Subtle. Maybe a little too subtle judging from the responses in the thread so far.
I believe many in my generation (35yo) are going to be much more frugal than our parents were. I'm dealing with inflation the way I've basically been dealing with the economy since college: not spending a lot. Two major recessions (about to be a 3rd), a Pendemic, and poor wage growth has hamstrung my generation greatly. I think this will produce a lot of frugal people for the rest of their life... not all that different than people who lived through the Great Depression. My oldest uncle would have been 95 this year.. he was cheap as ****. I kind of aspire to be like him.
We're now putting our home purchase off for a year so we can do three things: 1. Save more. 2. Pay down debts. and 3. see what happens with this recession and make sure we even have jobs in a year.
We're now putting our home purchase off for a year so we can do three things: 1. Save more. 2. Pay down debts. and 3. see what happens with this recession and make sure we even have jobs in a year.
I get up every morning........look at our investments........then I sit and cry over my coffee............after a while I get up and go about my daily chores..........
I buy more stuff in bulk from Costco especially non perishable items. I buy my booze (wine) from Kroger when they have their monthly 20% off a case sale. I also started using Kroger's fuel points reward system to save $0.70-$1.00 a gallon on gas. I eat more pork, chicken and fish than I used to and only eat steak once a week.
Last edited:
Changing my name to Larry and getting welfare stamps for Natural Light
Switched from Pappy to Blanton's
I refinanced my house about 16 months ago when rates were nothing. But like a moron I went to a 15 year instead of a 30. Can you imagine being in a 30-year loan at 3% when inflation is 9.1%? Ho lee smokes.
I did the same.. 15 year refi at 3.0%.. saves tens of thousands when it's all said and done.
It's the better move in the long run.. get it paid off for just a small chunk more a month.. and you'll thank yourself every month for those last 15 years.
The only regret on my end was not sticking with the 30 year, and using the saved monthly mortgage payment to put towards another asset. A 15 year does cut into your saving ability for sure.
It's the better move in the long run.. get it paid off for just a small chunk more a month.. and you'll thank yourself every month for those last 15 years.
The only regret on my end was not sticking with the 30 year, and using the saved monthly mortgage payment to put towards another asset. A 15 year does cut into your saving ability for sure.
Yup. Never once regretted it. Quicker to build equity. Quicker to cancel any mortgage insurance. Easier to refinance. As long as you can afford to do so.
I was able to refinance twice for 10 years, put the extra money back into the house and lower the monthly payment each time as rates went down. All in all, it was paid in full in about 28 years total last year.
Yeah I probably won't be getting a 3% rate or lower any time soon.
Funny enough it was the 2007 recession and graduating into the **** economy then, that got me into property and landlording... it wasn't to be filthy rich.. or be a slum lord.. it really came out of the fear of job prospects and not knowing what the next 40-50 years of my working life would look like. I figured if I can always have some rental income, I'd be very well positioned if I couldn't find work, got laid off, etc.
I'm not kidding when I say a lot of us in our early 30s have a totally different mindset when it comes to money (or at least we should).
No, I was a moron for not listening to my financial advisor. She was like "dude, go with the 30". I said, no, I want to get this thing paid off. You know, be responsible, eliminate debt.
I agree in a world of "normal" people, the Dave Ramsey approach to saving money, eliminating debt, is the right way to go. But if you were doing a financial analysis of what you should do given interest rates and inflation, the move would have been to take the 30 year. My 15-year was at like 2.75 or something crazy, and the 30 was right around 3.
Have a low 30 year fixed rate. Big believer in a 30 year so if ish hits the fan your payment is still manageable over what a 15 year is but there is a major psychological advantage to not having a mortgage payment every month which a 15 year affords you much sooner let alone less interest paid to the bank. Was paying well above the fixed monthly payment rate but have slowed down some due to the increased cost in food, etc.
We are blessed to have zero debt except the mortgage and make good money but what poorer and/or hard working folks are going through right now has to be soul crushing.