With Americans facing nearlybecause of surging inflation, consumers are looking for ways to save money.
One way to cut grocery costs are apps such as Flipp or Ibotta, CNET Money editor-at-large Farnoosh Torabi told CBS News.
«These are two free apps where you can store your grocery reward programs, but more importantly these apps will also tell you what’s on sale and where the coupons are,» she said. «The days of cutting coupons are long gone, and these apps have really replaced that behavior.»
Most economists think inflation is likely to remain elevated for the rest of the year, putting pressure on households to get creative with their saving strategies.
Apps can also help consumers save on vacation travel expenses. As always, the best way to save is to pay far in advance for flights or car rentals and avoid booking for travel at the last minute, she said.
«The one area in travel that I think might incentivize those who do want to play a little last-minuteness is hotel bookings,» Torabi said. «There are apps, for example, like Hotel Tonight that can score you last-minute hotel deals.»
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Biden previously released millions of barrels of oil from the Strategic Petroleum Reserves to help ease high gas prices, while the Federal Reserve last weeksince 2018.