At 8.5%, the inflation rate at the moment is nearing 40-years high. This makes it easy to find ways to save money every day. According to government data the cost of food rose 10.9% in the twelve months ended in July. Gas prices increased 44.9% during the same period. You might want to save your money in a high-interest savings bank. Some accounts now pay 1.75%, while others are paying 1.75%. Here you can view the best savings account rates. You might also want to consider starting a budget if you don’t have one. It’s important to first assess your spending patterns in various areas. Then, it’s time to evaluate whether or not you can reduce them.
Upside: Best way to save gas fee
According to government data, March 1980 was the last time that gas prices increased as quickly as they did during June’s 12 month period. They grew by 68.2% over a year. It’s clear that everyone needs some relief at gas pumps these days.
Upside is here to help. It’s simple to connect to any card that you use to pay for gas, and then search for nearby participating gas stations. Upside estimates that you will earn an average of $203 cash back at participating gas stations each year and then use the savings to purchase future products from one of its many affiliate stores. Upside promises that it will donate 1% from all revenue to sustainability issues while you shop.
Checkout 51: For grocery savings
Checkout 51 was originally designed to help with grocery shopping, but it now also offers cashback on gas. Checkout 51, like many other money saving apps for shopping, is simple to use. Download the app from the App Store and Play Store. Once you’ve completed your purchase, scan your receipt and click “Redeem”. After you have accumulated $20 you can cash it out.
DealNews.com’s consumer analyst Julie Ramhold stated that apps that give real cash back such as these are a big perk, especially when you consider the high cost of living in some parts of the country. “Saving money on groceries and gas is a great way of cutting down on your daily expenses, especially since school has started back and parents are now having to take their kids to extracurricular activities.
Ibotta: Best for easy cash back
Ibotta is a savings app that gives you cash back when you shop. The shopping app has partnered with 2,700 retailers from grocery stores to clothing and electronics to offer some of the best deals for consumers. The company claims to be able to pay more than $1.2 million in cash rewards to its over 40,000,000 users since 2012.
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Ramhold explained that special events can increase your savings. Ramhold mentioned that this year, Ramhold saw both a summer-themed and a back-to-school event which offered extra discounts on top products.
Use this app or browser extension to add PayPal Honey to your shopping list. PayPal Honey will then connect your cart with codes, and offer savings. The company claims that the app’s reach has grown to over 30,000 online stores and 17 million members.
NerdWallet’s Bessette stated that Honey is an app that aggregates promotional codes from users. This can sometimes result in massive discounts. “I’ve received 20-30% off in certain cases.”
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ShopSavvy can be downloaded on your smartphone and in browser extensions for Chrome, Edge, Safari. This app offers many savings tools like price comparison, price drop alerts, price tracking, and price alerts across thousands. Since 2008, the company claims to have been downloaded more than 40 million times.
Woroch suggests that online shoppers should download the PriceBlink extension to their browser. It will alert them when an item you are looking at online is on sale at a different site. They may direct you to a website that you didn’t know existed, which can lead to significant savings. ShopSavvy also offers a browser extension, but I haven’t yet used it.