BOARD QUESTION HOW HAS INFLATION INFLUENCED YOUR SPENDING HABITS?

Ray Langhaim, CPA

“With the rising costs, I have definitely been more careful in my spending and shopping around to get the best value. Daily cost has risen a lot more than the reported inflation! On bigger purchases, I have asked around to get the best value or put off those purchases. I have had a side job of raising chickens for the past eight years and so the rising cost of eggs does not affect me.”

Stacy Weight, CPA

“I have worked to review all automatic subscriptions I have and canceled the ones I don’t use anymore. I have also implemented a two-day waiting period for myself before I can make any online purchase – to give me time to reflect on needs versus wants.”

Annette Anderson, CPA

“As always using a budget and reassessing weekly to stay on target. Which means a lot of prioritizing, asking “is this a want or a need”. In my home a need is something that would stay on the top of a list for three months and not be moved down by something more important.”

Dustin Wood, CPA

“I have become a better consumer of gasoline primarily through price research and decreasing utilization. Warehouse clubs in my area have had much lower gas prices than other locations, and I previously just fell into the habit of using the same place when filling up and I no longer just default to that.”

Jason Tomlinson, CPA

“Inflation has not caused any major changes to our spending, but we live frugally and review/adjust our budget almost monthly. We did cringe when gas prices were high but didn’t drive less, just saved a little less.”

Eric Greene, CPA

“I consolidate my trips in my car now where I do my best to drive less, do more things when I do get out and drive, and make an effort to work remotely occasionally to save on fuel costs.”

Susan Speirs, CPA

“To combat the high grocery bill, I’ve been making grocery lists and planning out meals for the week. Sad to say, but Oreos don’t always make the list. We’ll also continue to grow a garden during the summer so that we can enjoy the harvest during the winter.“