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Making sacrifices here and there can help you fight inflation battle

STORY TOOLS

I just put $75 of gas into my gas hog, but the tank was not full. I put $75 in because the gas station limits debit card purchases to that amount. I had to reset the pump, slide the card again, enter the PIN, and then pump an additional $11.14 of gas into the car to fill the tank completely.

I just paid $86.14 to fill up my tank with gas. It used to cost less than $35. Inflation is readily apparent at the gas pump, but it also is driving increased prices for many other goods and services.

So I have been pondering ways to reduce the impact of inflation in my life and others.

Spending too much on gas? Consider car-pooling, riding a bike, consolidating trips, walking, or riding public transportation. Maybe sell the gas hog and purchase (with cash — no debt!) a gas sipper. What am I doing? I’m considering drilling for oil in my backyard.

Spending too much on food? Shop at discount grocery stores, use coupon services like CouponMom.com, and coupons from the Sunday newspaper.

I have found that if a grocery-shopping trip is planned in advance, it is much more likely that we will maximize our dollars. For my family, shopping with cash envelopes saved us a ton of money because it meant that we could not spend our grocery money on impulse purchases.

I also maintain a vegetable garden that allows us to supplement the food budget during the summer and fall months. Plus gardening is a great, inexpensive hobby that the entire family can enjoy!

Scale back on restaurant spending. Home-cooked food tastes great and costs about 20 percent of restaurant prices. Eating at home helps my family spend more time together anyway.

Spending too much on clothing? Purchase clothes at Goodwill or just go without purchasing some clothes for awhile. I know that I personally have enough clothes to last the rest of my life. Of course I would not be the most “in style” person that you know, but I have never been that anyway.

Vacation costs surging? Many folks are having a stay-cation this year where they are not traveling long distances for their summer vacation, but are instead staying home and making shorter day-trips.

An extreme overall way to conserve spending and minimize the impact of inflation is to complete a spending fast. A spending fast is where one stops spending money on everything but the absolute necessities. Money is spent on only the basics like utilities, food (no prepared or semi-prepared meals), payments and medicines. No $5 Starbucks. No new clothes. No cable. Nothing extra!

People who have completed a spending fast have stated that it is like a cleansing process where they realize how consumer-driven they had become.

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IT'S TIME TO TAKE STRONG ACTION ON FUEL. Email your representative in congress and push the issue: https://forms.house.gov/wyr/welcome.s...

Don't let them lie to you about there not being enough farm land. We have over 100 million total farm acres in the USA and only use about half. The half that's not being planted is more than enough to grow ALL our fuel. Not only that but the government is still paying farmers not to plant. Watch the video titled "HEMP FUEL Can Supply All Our Energy Needs" and read the article titled "Marijuana Facts The Government Does Not Want You To Know" on the website referenced at the bottom of this post.

Hemp can produce several different kinds of fuel. In the 1800's and 1900's hempseed oil was the primary source of fuel in the United States and was commonly used for lamps and other oil energy needs. The diesel engine was originally designed to run on hemp oil because Rudolf Diesel assumed that it would be the most common fuel. Hemp is also the most efficient plant for the production of methanol. It is estimated that, in one form or another, hemp grown in the United States could provide up to ninety percent of the nation's entire energy needs.
Source: Schaffer Library of Drug Policy

Hemp is 4 times more efficient than corn as biofuel. Hemp pellets can be used to produce clean electricity.

... so powerful it could replace every type of fossil fuel energy product (oil, coal, and natural gas).

... This plant is the earth's number one biomass resource or fastest growing annual plant for agriculture on a worldwide basis, producing up to 14 tons per acre. This is the only biomass source available that is capable of producing all the energy needs of the U.S. and the world...

Hemp will produce cleaner air and reduce greenhouse gases. When biomass fuel burns, it produces CO2 (the major cause of the greenhouse effect), the same as fossil fuel; but during the growth cycle of the plant, photosynthesis removes as much CO2 from the air as burning the biomass adds, so hemp actually cleans the atmosphere. After the first cycle there is no further loading to the atmosphere...
Source: USA Hemp Museum

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