New Cost of Living Increases for 2017
Here they are folks; hold on to your money.
2017 comes roaring in with a vast amount of increases. These increases are in every area of our life, and each and everyone will hit us in the wallets, where it hurts the most.
I am here to help you navigate through 2017 with positive financial results.
In order to get where you plan to be financially throughout 2017 you have to follow a plan. Just like going on a trip. You need a navigator. Especially since you are getting into unchartered waters.
I will remind you of what the major increases coming your way this year, and I am here to help you navigate through them. I am your financial GPS.
First let’s look at the list of items going up.
- The cost of fueling up or vehicles.
- The cost of electricity.
- The cost of heating our homes.
- The cost of feeding our families.
- The cost of public transportation.
Well the big five. What can we do to help us come out on the positive side of these life-changing situations? I will discuss each item with tips to help you move forward in a confident manner.
The cost of fueling up or vehicles
- Make sure the tires on the vehicles are properly inflated according to the manufacturer’s recommendation.
- Keep up all service recommended by your mechanic.
- Change your oil and filters when needed.
- Avoid driving when walking is within normal limits.
The cost of electricity
- Look for sales on energy saving light bulbs and take advantage of opportunities to replace your bulbs with low energy ones.
- Turn off the lights and TV when not in the room.
- Cook meals for at least two days when using electricity before 7pm or after 7am.
- Do laundry on weekends or after 7pm in the evenings.
The cost of heating our homes
- Lower the thermostat by 2 points, by 3 points when no one is home.
- Wear warmer clothing when at home. Like track suits and socks.
- Make sure you are not losing heat through windows and doors left open for long periods at a time.
- Replace your furnace filters regularly.
- Lower the heating cycle on your hot water heater.
The cost of feeding our families
- Check the pantry I mean all your pantries. Like the places you put the extra toilet paper, pasta, rice and flour.
- Open the kitchen cupboard; make a list of the items in your cupboard.
- The fridge, checks it out, what do you have in there. Can it be used?
- The freezer; how much meat is in there? Chicken, Pork, Beef and Seafood.
- Make a list of the items on hand.
- Use them before purchasing anything new.
- Watch your vegetable purchases. Do you like kale; because someone said it’s good for you is not a good enough reason to buy it. You must eat it.
- Only purchase items you will consume.
What can we do about it? If you have to use it you must pay. Make sure you are using it to your advantage.
- Do your math, is it better to purchase a monthly pass?
- Is it better financial sense to purchase a weekly pass, if you do not use public transportation on weekends? Work the cost out and choose the one that suits your needs.
These are a few tips to help you navigate through 2017. I trust that you find them helpful, or at the very least trigger you to make some changes to keep more of your income.