The Wall Street Journal offers a great suggestion for how to beat inflation while saving money.
Families can survive these difficult times by cutting corners, saving money, and scrimping. The WSJ says that there is one thing everyone can do to ease the financial pressures and make it easier for their families to save money.
Skip Breakfast
Breakfast could be renamed “Bidenfast” and we should just do without it. It’s almost become the most expensive meal of each day, which is why many have been missing the most important meal.
The January egg prices rose 8.5% from a month ago and have increased 70.1% in the past year. This is the highest annual rate since 1973. According to Information Resources Inc., the U.S. egg inventory was 29% lower at the end of December 2022 than it was at the beginning of 2022 due to the deadliest avian influenza outbreak.
The January increase in frozen, noncarbonated juices, and drinks, which includes frozen orange juice, was 1.5%, compared to a month earlier. This is the largest annual increase in over a decade. Florida orange growers are seeing their lowest crop in almost 90 years due to a freeze, two hurricanes, and a citrus disease.
Any hen can lay one golden egg at these prices. Florida orange growers have seen their orange trees become money trees overnight, just waiting for the next shake.
Although breakfast cereal prices increased slightly in January compared to a month ago (just 0.4%), prices in this category rose 15% in a year due to higher global grain prices caused by disruptions related to the war in Ukraine.
For breakfast lovers, it might be better to just have a cup of coffee. But choose roasted coffee and not instant. The prices for roasted coffee fell 0.1% last month while instant coffee saw a 3.6% monthly rise in instant coffee.
Joe Biden has made breakfast a meal reserved for the wealthy. Maybe the government could make Pop-Tarts a major food category like fruits and grains so that we all get our Recommended Daily Allowance of good stuff.
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