Tips for coping with rising prices, by Jenny Abel. Ms. Abel is with Cooperative Extension, always a source for practical and unbiased financial information.
-
Limit your use of credit cards. Interest charges and fees can add up fast if you can’t pay your monthly bills in full, so try to only charge what you’ll be able to repay.
-
Involve all household decision makers (spouse, partner, roommates) in conversations around money. Schedule a regular time to have financial discussions. Explain what the current challenges and opportunities are and get everyone’s agreement on plans for cutting back or making spending adjustments.