Saving money: 7 tips from On Your Side to beat inflation on furniture, groceries, clothes and more

NEW YORK (WABC) – It may seem like everything has gone up this year except paychecks, as the price of goods rose 7.5% on an annual basis in January – the fastest annual pace in 40 years.

So how can you deflate your monthly bills? 7 On Your Side went shopping for seven inflation-busting everyday items that put pressure on your pockets.

Groceries cost more, and supply chain issues have also made furniture more expensive. Shipping and supply delays have also pushed clothing prices up.

Consumer expert Andrea Woroch suggests shopping at consignment stores or second-hand fashion resale sites.

“We’re looking for 70% to 90% off regular retail prices, especially if you look at those clearance sections,” she said. “And what I love about these sites is that you can also sell the clothes you no longer wear.”

She also said that sometimes you can get information about clothing brands with labels. You can go to Swap.com and there is a section called “brand new with tags”.

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The exchange is also in vogue, and sites like Swoondle Society, started by a mother tired of seeing her children’s belongings go to waste. It’s a hassle-free marketplace to swap children’s clothes.

“You can sign up to get unlimited trades or pay a small fee,” Woroch said. “They send you a bag and you fill it with the clothes and shoes that your kids no longer fit in.”

Furniture is one of those bulky items that sits in shipping containers, which makes sofas expensive. Furniture is up 10% since the pandemic. One solution is to find second-hand items.

“Look at OfferUp or Facebook Marketplace,” Woroch said. “I also like to shop at outlet stores.”

Ask for last year’s models or see if they’ll cut the price of a floor model that was sitting on the showroom floor.

Groceries are ringing at a higher cost everywhere, with beef up 25%. First is the special section of the manager.

“It could be meat, fish, dairy products that are nearing their expiration date and they will notice it,” Woroch said.

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Also put the grocery bill on a rewards card that reimburses you for groceries. If you’re shopping online, be sure to use a cash back site, like CouponCabin.com.

“So right now they’re offering $6 on Instacart, they’re also offering up to $2.50 on UberEats,” Woroch said.

She said no matter where, always check for cashback offers — it’s like free money, and it takes no extra effort.

Good news is that some things are cheaper now, including COVID testing, as free testing has lowered demand and increased supply.

Auto insurance is also less expensive, with the average cost in the metro area being around $1,876. If you’re paying more than that, try to bundle up and shop around.

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