Cutting Back on Spending Due to Inflation? How To Save on Dining Out, Travel and Groceries
Inflation has hammered our wallets over the past year, as a poll by GOBankingRates that launched in April 2022 shows. The poll, which garnered over 20,000 responses, found that Americans have made cutbacks on the following categories: dining out (39%), travel (16%), groceries (13%), gas (7%) and other (4%). Twenty percent of respondents said they haven’t cut back on any expenses.
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Though inflation has cooled a bit in recent months, it hasn’t died down completely. And, with a recession on the horizon, many consumers are still in a pinch to trim costs. How can one cut back on categories where savings are top of mind, including dining out, travel and groceries? Let’s see what the experts recommend.
How To Save on Dining Out
The poll found that 39% of consumers made cutbacks on dining out amid inflation. Here are some evergreen ways to save on this expense.
Do a Little Research Online
Restaurants often run specials — that amount to savings — that you can find out about if you subscribe to their newsletters and/or follow them on social media.
“Always check online for any deals, vouchers, and offers your chosen restaurant may currently be running,” said Yasmin Purnell, a personal finance expert and the founder of The Wallet Moth. Often, a simple check can secure you an offer for a free dessert, or a discounted three-course meal.”
Sites like Groupon and LivingSocial are also solid discounts destinations.
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