How to Save During Inflation

Certified Retirement Counselor Miguel Gonzalez shares quick, practical tips to combat rising inflation. Learn how smart shopping, meal planning, and energy savings can protect your finances.

Cortburg Retirement Advisors is a boutique financial planning firm committed to helping you grow, protect, and preserve your assets from your first job to retirement. We specialize in wealth management, estate and tax planning, group retirement, employee benefits, insurance, and retirement planning to navigate any economic climate.

Miguel Gonzalez, a Retirement Specialist with 20+ years of experience, offers expertise in retirement income planning, investment management, and retirement plan design. With an MBA from Columbia Business School, and professional experience with JP Morgan Chase, Merrill Lynch, and more, Miguel is a trusted advisor for his clients.

#RetirementPlanning, #FinancialPlanning, #InflationStrategies, #MoneySaving, #InvestmentStrategies, #RetirementAdvisor, #WealthManagement, #DebtManagement, #EmergencyFunds, #FinancialWellness 

Welcome to Cortburg Speaks Retirement Podcast
with Miguel Gonzalez, MBA, AIF®, CPFA®, CRC®

CLICK HERE TO LISTEN TO MIGUEL'S LATEST PODCAST

FOLLOW US ON:

• YouTube->https://m.youtube.com/c/CORTBURGRETIREMENTADVISORS
• Facebook-> https://m.facebook.com/CortburgInc
• Twitter-> https://twitter.com/CortburgInc
• LinkedIn->https://www.linkedin.com/in/miguelxgonzalez/
• Website: www.CortburgRetirement.com
• Email: Miguel@CortburgRetirement.com
  
  

Transcript

Welcome to Cortburg Speaks Retirement

An audio podcast about investing in the stock market, financial planning, money management and retirement planning.  Each Wednesday, we help investors at all stages of life learn how to potentially grow and preserve their money from first job through retirement.

Now here is your host, Miguel Gonzalez.

 HOST

Good morning and welcome to the CORTBURG SPEAKS RETIREMENT audio podcast.   

Lets talk about inflation this week!

Although inflation has finally begun to slow, many consumers are still reeling from the impact of several years of high inflation.¹

During these challenging times, it's crucial to adopt money-saving habits that ease the impact of rising prices on your finances. Aside from keeping a detailed budget and reducing non-essential purposes, below are a few habits to consider.

Shop Smart

Always look for deals, discounts, and sales. Consider buying generic brands, comparing prices, and using coupons or cashback offers to save on essentials.

Remember—if a sale tempts you to buy something that's not an essential purchase or is not on your list, it may not save you much money.

Meal Planning

Planning meals in advance and cooking at home more often can save on food expenses. Even better, cooking at home is often healthier than buying fast food. Buy ingredients in bulk, look up affordable recipes (like dinner ideas under $10), and minimize food waste to stretch your grocery budget even further.

Energy Efficiency

Reducing energy consumption will lower utility bills and is better for the planet. Turn off lights and appliances when not in use. You may also want to switch to energy-efficient light bulbs, and if it's time to upgrade any appliances, consider investing in energy-saving ones.

Transportation Savings

Alternative transportation options such as walking, biking, carpooling, or using public transit can save on fuel. Consider consolidating errands to minimize the amount of driving in a day.

Emergency Fund

Build and maintain an emergency fund of several months' worth of expenses. Having a financial safety net can help avoid relying on high-interest debt when the unexpected happens.

Negotiate Your Bills

You may not realize it, but you can negotiate with service providers like cable companies, internet providers, and insurance companies. There's no harm in asking, and you could lower monthly bills with just a phone call or two.

Avoid Debt

Minimize borrowing and avoid high-interest debt during times of high inflation. With interest rates rising, variable-rate loans and lines of credit (like credit cards and home equity lines of credit) can quickly become more expensive than you anticipated. Pay off any debt you already have to avoid accruing additional interest charges.

Make sure to visit our website, www.CortburgRetirement.com. Our site is filled with educational videos, eBooks, publications, and financial calculators designed to help you learn more about your finances.  As you search our site, send us a note regarding any questions you may have about any particular investment concepts or products. We will get back to you quickly with a thoughtful answer.

This is Miguel Gonzalez, Certified Retirement Counselor (CRC) and Managing Partner, with Cortburg Retirement Advisors signing off for this week’s educational podcast.