To combat rising inflation, all methods are suitable
Photo: Nikolai OBEREMCHENKO
Saving skills are always useful. And especially in a crisis. But it is one thing to compare the prices of sugar in different stores in order to earn 5 rubles per kilogram. And quite another: use a systematic approach. Then you can save more and not spend a lot of time looking for good deals.
#1 Compare prices
It used to be necessary to go through different stores to find where the products were cheapest. Now everything is much easier. Download one of the applications that compares the cost of products in different stores and go where it is most profitable.
For example, if we talk about food, you can download the application Ageil. There you can see what discounts on products different supermarkets offer. For example, if you buy something in large quantities and often, it will be more profitable for you to consult with the application. Store prices change. Perhaps your favorite product is at a discount, and it will not be available in the store near the house, but in the neighboring area. With the current development of delivery systems (see next paragraph), this won’t cause too many problems. And save a lot.
No. 2 Delivery of orders
Many stores during the pandemic have established services to order goods and products online. Download the app of a particular store, collect a full online shopping cart and order door-to-door delivery. Most of the time, this service is already included in the price, or there is a minimum order amount at which the products will be delivered free of charge. Therefore, you can save your time on this. And, as you know, it is also money.
To assess the money savings, experts offer this method. Calculate how much you earn per hour and how long it will take to get to the supermarket, select the right products and return. Multiply the amount by the hours. This is exactly how much you can save by ordering delivery. The calculation is, of course, conditional. It does not take into account the nuances. For example, that you want to choose the tomatoes yourself. But for a general understanding it is useful.
Many stores during the pandemic have established services to order goods and products online
#3 Use quotas
If you can pay for products not immediately, but later, this is a great way to save money. In early March, many stores canceled this option. But now, seeing that inflation is not so great, they have begun to return to this option to stimulate demand. And we can use it to our advantage.
A simple example. You want to buy a refrigerator for 50 thousand rubles, and you have this money. Under current conditions, the most logical thing is not to pay the entire amount at once, but to issue an interest-free installment plan. Free money is allowed to rest on the deposit at 15% per annum. As long as banks give attractive rates, this strategy will be the most optimal.
At the same time, even inexpensive products can be taken in installments. It can be issued in most online stores. The system works like this. You find the product, add it to the cart and make the payment in installments. The first payment will be debited from your card immediately after delivery of the merchandise. And after that, every two weeks or once a month, the remaining amounts. The main thing is to carefully read the terms of the installment each time.
If you can pay for products not immediately, but later, this is a great way to save money.
Photo: Ivan MAKEEV
#4 Add to favorites
Incorrect consumption: see a discount – buy a product. Adequate consumption: choose a product, wait for a discount. In the first case, there is a high risk that, tempted by a profitable offer, you will buy something unnecessary. In the second case, there is a risk of losing the discount. But it can be reduced.
If you want to purchase a specific product, search for it on the sites available for sale. Look and remember the price. Then you will have a starting point to understand future benefits. Add the item to your Favorites or Shopping List in various online stores. Many websites and mobile apps send push notifications about upcoming promotions or discounts on products you’ve added to such lists. If the purchase is cancelled, you can expect a better offer.
ON THE WAY
This subscription used to be associated with newspapers and magazines. You pay for three months or half a year in advance and receive the periodicals strictly on time in your mailbox.
Now the word “subscription”, especially when it comes to online, is understood as a slightly different mechanism. And it allows you to save a lot, not only time, but also money.
Some large companies and banks are actively developing their own ecosystems. This means that they gather various businesses under their wing. Delivery, taxi, carsharing, online cinemas and much more. You can use these services individually or you can buy a subscription for all of them at once. It usually works out cheaper that way.
– The mechanics of work for all subscription services are approximately the same: you pay a fixed amount per month or immediately for a year in advance for a set of benefits and offers from the brand and partners. A subscription usually gives access to content (movies, series and music), and can also provide money back, discounts and special conditions for using the services. Cashback, in turn, allows you to partially or totally pay the cost of goods and services, as well as accumulate purchase points to later spend them on new orders and services. With the help of subscriptions, you can find a better offer for yourself compared to your competitors and buy the necessary product with a profit even during price increases”, explains Andrey Gevak, director of Yandex Plus.
Each large company that develops the ecosystem has its own services. When choosing a specific subscription, you need to understand what exactly you use most often. And buy the subscription that will bring you more benefits. So that it does not turn out like with the purchase of a subscription to a gym. We pay for unlimited access year-round, and we go only once a month on the treadmill.
Better yet, expect a discount on the subscription itself. Several times a year, companies conduct marketing campaigns. At this time, you can buy a subscription with a good discount and save more.
PLASTIC TO HELP
Earn with a bank card
To combat rising inflation, all methods are suitable. Now it is more profitable to save money and earn interest on deposits (banks give an average of 15-17 percent per annum). And at the same time use the free services offered by banks.
1. Grace period
Personally, I have been using this setup for over a year. Its essence is as follows. Get a credit card and use it within the grace period. Usually it is 60-120 days. During this time, the money from the bank can be used free of charge. If you pay the entire debt at once before the term expires, you will not have to pay any interest. The free money right now can be kept in a short-term deposit or savings account. It turns out that you will take money from the bank for free, and at your own expense you will receive interest from it.
The main thing is to follow simple rules. First, remember the deadlines and make the minimum payment on time. It enters the body of the debt and constitutes 3 to 5% of the debt. Second, stay in control and don’t overspend. If you do not pay the debt before the grace period ends, the bank will accrue interest from the first day. And then all efforts to save money will be in vain.
As a general rule, banks offer better conditions on credit cards than on debit cards. In particular, customers can receive a larger refund if they pay by card at certain stores. In some banks, these conditions are fixed throughout the life of the plastic. And in some, you have to choose priority categories every month (gas stations, cafes, entertainment, etc.). Think about what you spend the most money on. And choose those conditions that will bring you the maximum benefit.
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