Short answer: Figure out what’s abnormally expensive, and then don’t buy that thing.
Long answer: Think creatively about how to still satisfy your wants and or needs in a different way. After the price of brisket recently skyrocketed, for instance, I slow-cooked a roast instead and it turned out pretty good! I’d say maybe 80% like real brisket and would eat it again. Plus, it was a lot more palatable to pay $15 for a hunk of BBQ instead of $55.
My wife and I do the same with travel. We try to book during low season when prices are less. This requires a flexible schedule or some additional sacrifices in time, but it’s a wonderful way to save on airfare, hotels, and tours.
In short, you gotta follow the “SUCC” framework if you wanna beat inflation:
- Substitute items or experiences (like roast for brisket or off-peak travel)
- Use existing resources in new ways (like credit card cash back points for new home decor)
- Conserve the little things that add up over time (cut out subscriptions that no longer delight you; these can add up quick and pay for things that still do)
- Coop with others around you to pool and or share resources (Not just Airbnb and Uber, but ask friends and neighbors if you can exchange or borrow things without imposing on their kindness)
Lastly, if you really love something and can still afford it, don’t overthink it. Just buy it.