3 ways to save money in times of high inflation

In transportation:

– Avoid using the car, especially in the city. Whenever you can, walk, bike or use public transportation. In addition to being good for your wallet and health, you will actively participate in protecting the environment. If you are afraid of getting tired or have a very tight schedule, you can always use a bicycle or an electric scooter to get to your destination quickly. Be cautious when driving, but travel with peace of mind knowing that Bike and Scooter insurance can protect you and your vehicle.

– If it is impossible to avoid using the car, share it with colleagues and/or friends.

– Drive smart, to save fuel, your car and the planet itself.

In goods and services:

– When you go shopping, ask yourself: «What do I want or need?» In other words, do you really need another pair of sandals or that silk tie? If you tend to be a consumerist, before purchasing any good or product, ask yourself if it is really essential.

– It has more than one platform streaming? And do you have time to view the contents of all of them? Try cutting one. Maybe he won’t even miss it that much.

– Do you eat out regularly? You can replace some meals away from home with moments of conviviality in other less expensive environments, such as your home or that of your friends.

And, when you make your home available, you don’t have to cover all the expenses. This type of meal, in which each guest also contributes his own delicacies, is increasingly common. This way, the host provides the space and the main course, for example, and the guests bring the wine, appetizers and/or dessert. In addition to being a cheaper solution, it can also allow you to unleash your gastronomic creativity, trying new dishes or giving a personal touch to a recipe.

– We all have the right to vacation and should rest, but until then we can save. Try taking a holiday here, in less frequented but equally beautiful places. Pay attention to promotions and try to avoid high seasons.

3. Get used to putting money aside

Controlling daily expenses is important, but saving also means saving. You can do it in a more homely way or, if you have the chance, in a more ambitious way. Here’s how:

Save every day

Use the “piggy bank technique”. If you set aside your spare coins at the end of the day, after a year you might be surprised by what you’ve saved. Even if it seems like little to you, what would you have if you didn’t save? Zero.

Another tip: if you have no more money to put aside at the end of the month, try the opposite: save at the beginning of the month.

Do you have any savings invested? Protect them

Look for products that protect your savings and have a low risk rate. With Tranquilidade Investimento Protetido at least 90% of the invested capital is guaranteed, and from the 6th year of the contract you can redeem it for free.

The sharp rise in inflation, together with other circumstances (war in Ukraine and rise in the Euribor rate), caused a general rise in prices. It is possible that this situation will not change in the near future.

It is important to learn to save to, at least, offset the increase in inflation. In this scenario, the last thing you need is extra expenses resulting from damage to your home caused by flooding, theft, or electrical problems. Fortunately, home insurance by Generali Tranquilidade can protect you from these and other risks. There’s nothing like knowing your home is protected to make you better able to face life’s challenges.