How to Keep Up with the Rising Cost of Living

Whether it’s refilling your petrol tank or paying at the supermarket checkout, the higher cost of living is hitting every household hard.

Across the world, everyday essentials have surged in price. So, what can you do to stay ahead?

Look for Ways to Earn More

• Grow your business’s profitability—talk to us about improving your profits.
• Ask for a pay rise.
• Take in a boarder or flatmate.
• Sell unwanted items online.

Cut Back Where You Can

• Cook more meals at home instead of dining out.
• Create a budget and keep your spending under control.
• Reduce the amount of meat you buy.
• Find ways to use your car less.
• Cancel unused credit cards and buy-now-pay-later accounts.
• Review ongoing expenses like utilities, insurance, and subscriptions—cancel, switch providers, or negotiate better deals.

While inflation has slowed, it is still estimated to be in the 2-3% range this year, adding to recent cost increases. By increasing your income and cutting unnecessary expenses, you can stay ahead.

Need Help Managing Your Finances?

We have years of experience guiding clients through all kinds of economic cycles, including periods of high inflation. Get in touch—we’re here to help.