GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
it’s possible for you to read more about oureditorial guidelinesand our products and servicesreview methodology.
Thats because COLAs are based on inflation data from the third quarter of the previous year.
The problem is that inflation doesnt affect the cost ofall goods and servicesin the same way.
Then subtract those costs from your income to see where you stand.
Shop Smarter
One way to cut back when shopping is to make and stick to a list.
That way, you eliminate impulse spending that often leads to overspending and regret.
Another way to shop smarter is to buy groceries in bulk.
But be careful about how you store them.
Portion outperishable food itemslike meat and freeze them before they spoil, Fidellity recommended.
Eliminating unnecessary coverage is another.
Also consider income taxes, including tax on pensions andSocial Security benefits.
Not all states impose them.
More From GOBankingRates
Share This Article:
