Skyrocketing inflation means that prices in every imaginable category have gone way up. My recent grocery bill has gone up by 30%: For the same items in a cart-load full of groceries, I now need to pay $130 instead of the previous cost of $100.
I figure that I can’t cut down on food items such as bread, eggs and meat. I also can’t do without essentials like Colgate and toilet paper.
But I have managed to make a list of the things that I am able to cut back on.
The first item to go is my Netflix subscription. Apparently many consumers also feel the same way, as Netflix have just reported a loss of one million subscribers this spring. Although the company’s stock has plummeted upon this news, Netflix is still the most popular streaming service on earth, and the company had previously gained 18 million subscribers because of the pandemic.
Next, I’ve limited my spendings at Starbucks: I’m only ordering my favourite summer beverage, the mocha cookie crumble frapp, once a week. For the other six days of the week, I have adjusted to drinking home-made coffee. For a couple of months now, my coffee budget has been reduced to $10 per week.
Other examples include switching to the loonie cones at McD’s instead of the Italian gelato, or dinner dates at White Spot instead of The Keg (and skipping the finger food while we were there). Despite all the lifestyle adjustments, I still feel happy and grateful for the important things that money can’t buy, such as good health, and the support from family and friends!
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