How to Stay on Budget During Inflationary Times

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If you’ve been to a store lately, you know the cost of everything has increased. This is due to inflation, which is the rate of increase in prices over a given period. Inflation occurs when the supply of money grows too large relative to the size of an economy. When this happens, the unit value of the currency diminishes, and the purchasing power falls, thus increasing prices.

There are many ways you can save money during times of inflation. Instead of going to a restaurant and dropping $75 on a meal, save money by making a meal at home. You can find copycat recipes for your favorite restaurants online, and with a little effort, you can alter the atmosphere at home to make it feel like you are somewhere else. Also, consider searching for coupons and looking at your grocery store’s weekly ad to find additional ways to reduce your bill.

We all have subscriptions to streaming services, audiobooks, or music sites; however, we may not always utilize the content each month. Take a look at your subscriptions and see if there is a way to pause your plans that are not frequently used. This will help cut down on monthly bills without having to completely cancel your subscription and lose all of your assigned settings.

Five Budget-Savvy Tips During Inflationary Times

  1. Plan Your Grocery Purchases: Assess the items you already have in your fridge and pantry before making your grocery run to eliminate accidentally purchasing duplicate items. Create a schedule for your meals for the week before you go to the store so you know what ingredients you need so you don’t have to make multiple trips to the store. Finally, plan your meals around items that are on sale and make sure to check for coupons to maximize your budget.
  2. Consider An Energy Audit: With the weather beginning to change, consider getting an energy audit performed on your house. This audit will help identify energy drains that can be caused by air escaping through doors and windows. Fixing these energy drains can turn your house into a more energy-efficient home.
  3. Choose Your Indulgence: While it is nice to treat yourself every once in a while, setting boundaries for yourself for a treat once or twice a month will help cut costs in the long run. There are also many creative ways to still enjoy a treat for yourself without breaking the bank. For example, instead of getting two large meals for you and your guest, split one meal and save.
  4. Switch Your Auto Insurance Plan: Do some research and see if another insurance provider would have better rates for your new budget. Talk to your current provider first because there may be some special incentive they offer to keep you on board. Sometimes your current provider will even match a policy provided by another company just to keep you as a customer.
  5. Pad Your Income: With the rise in inflation, it’s not a bad idea to consider asking for a cost-of-living raise with your employer. Some companies automatically add it at the beginning of the new year, but you never know unless you ask. You can also look for additional ways to increase your income, like ride-sharing or consulting on the weekends.

During times when items are cheaper, it is a good idea to put extra money aside to pay off debt or add to your savings fund. However, when inflation is at an all-time high, you may want to consider only putting the minimum amount aside so you are able to afford your daily lifestyle. Once costs go back down, you can make extra payments or deposits to make up the difference.

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We are growing!

Imagine the possibilities. At Midwest Community, we are well-known for advancing our employees and promoting from within at all levels of the organization. Take the first step in starting your career and grow with us!

Float Member Service Representatives may have days scheduled at any location (Defiance, Bryan, Napoleon). Computer literacy is required and cash handling or banking experience is preferred.

Starting pay is $17.44 an hour
$19.62 an hour after 180 days of service
$21.79 an hour after 1 year of service

Please see the job overview for a list of duties. Resumes may be submitted to Sondra Manon at smanon@midcomm.org.

All are welcome. Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Investment Representative

The primary purpose of this position is to assist Midwest Community Federal Credit Union by delivering outstanding service to both internal and external members. A key element of excellent service is to identify the financial needs of each member and recommend an appropriate credit union solution. In addition, receives members in person and by telephone. Helps Member Investors reach financial goals utilizing our consultative sales process. In addition, responsible for ensuring that outstanding service is delivered to both internal and external members. A key component of this service is to provide proactive guidance on investment solutions via a needs-based consultative selling approach to both current and prospective Members who have placed an inbound call or referral to the Investment Representative.

For more details, please contact lfrysinger@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

Member Service Representative

Midwest Community Federal Credit Union is looking for a Member Service Representative to process transactions, accurately perform end of day balancing procedures, follow company policies and utilize the core data processing system and various software applications, including electronic banking services. We are seeking candidates who are punctual, honest, friendly, and have outstanding communication skills. Please see the job description for a full list of duties. Resumes may be submitted to Sondra Manon at smanon@midcomm.org.

Midwest Community Federal Credit Union is an Equal Opportunity Employer.

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