The Bureau of Labor Statistics March Consumer Price Index (CPI) report suggests inflation may be sticking around for a while, with rising shelter, food, and energy prices. The Money Coach Founder and CEO Lynnette Khalfani-Cox joins Yahoo Finance’s Wealth! for savings tips that won’t completely disrupt your lifestyle.
Khalfani-Cox urges her clients to focus on a "switch and save strategy." This strategy doesn’t ask savers to stop spending altogether but to choose a less pricey alternative to existing purchases. For instance, Khalfani-Cox says that opting for a prepaid over postpaid phone service can result in hundreds of dollars in savings.
Factor a "fun fund" can also remove guilt from the financial equation and ensure you aren’t spending more than you earn.
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