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And though inflation has slowed, consumers are still feeling the pinch of high prices, perUSA Today.
GOBankingRates asked an already frugal shopper about new things hes cutting back on to save more money.
Streaming Services
Streaming services offer flexibility, but its easy to forget about subscriptions and incur costs.
The average American is spending $61 monthly on streaming apps, according to a 2024Deloittestudy.
Luxury Items
Luxury items are fun to have, but they come at a cost.
Prenter explained that he isnt going out to purchase the latest iPhone.
Instead of spending hundreds of dollars on a new iPhone, hes sticking with his 5-year-old phone.
It has made no difference to my life, except that my bank account is bigger, he said.
New Items
Purchasing new is fun, but it often costs more.
For those who dont use Facebook, alternatives include Craigslist, Nextdoor and OfferUp.
They all provide ways to save money on new-to-you items.
Meal Delivery Kits
Meal delivery kits promise convenience and new recipe ideas.
Both perks come at a cost.
Instead, he looks for more affordable ways to prepare meals beforehand.
Ive also found that buying frozen vegetables is half the price or less of the fresh produce.
Time and money are saved, which is a win-win.
Buying meat, for example, has become particularly difficult.
While Prenter hasnt cut meat out, hes being strategic in his purchases.
Last week I bought 10 packs of chicken and pork skewers on sale.
Each pack has eight skewers, so thats 80 skewers total!
They were on sale because the use by date was two days away.
But I froze all of them, Prenter said.
They usually sell for $13.97 for a pack, I paid $10.48 each.
So I saved $3.49 per pack, or $34.90 total.
Thankfully, this practice doesnt take much time.
If you find that a purchase doesnt bring value or joy to your life, cut it.
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