You Should Prioritize These 4 Expenses Despite Inflation, According to Rachel Cruze

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Bureau of Labor Statisticsreported prices have increased another 3% in the last year.

These expenses include food, home, utilities, and transportation.

The Ramsey team calls these expenses The Four Walls.

These are the items to prioritize, above clothing, vacations, and other non-essential expenses.

Cruze outlined several money-saving ideas in a recent video called 4 Expenses to Prioritize Despite Inflation.

That might mean visiting multiple grocery stores to gather your food for the week.

Its not convenient but grocery stores run different promotions each week.

Mortgage payments and rent make up one of the largest spending categories in most peoples budgets.

One tip Cruze suggested is to sign a longer lease if youre renting.

Sometimes you might get lower rent if you agree to stay in a place for longer.

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Another option is downsizing, especially if you own your home.

This can help people add some extra money to their monthly income.

Cruze also gave several tips for saving money on utilities.

Energy costs are rising.

In fact, theU.S.

Energy Information Administrationprojects that the price for power will rise 2% in 2025 compared to last year.

The Ramsey personality suggested only running the dishwasher and washing machine until theyre full.

Another suggestion is to get a smart thermostat that automatically adjusts the temperature when people leave their homes.

One option is to use an app like GasBuddy, which helps people find thecheapest gas stationnearby.

People can also carpool with co-workers and use public transportation.

If a spouse works from home, it might even be possible to become a one-car household.

If peoples current vehicle is more expensive than they can afford, they can also downgrade their vehicle.

Inflation is impactingevery spending categoryfrom groceries to healthcare to travel.