{"id":51087,"date":"2026-04-15T04:26:39","date_gmt":"2026-04-15T04:26:39","guid":{"rendered":"https:\/\/foreignnewstoday.com\/?p=51087"},"modified":"2026-04-15T04:26:39","modified_gmt":"2026-04-15T04:26:39","slug":"what-to-do-when-your-wages-arent-keeping-up-with-the-cost-of-living","status":"publish","type":"post","link":"https:\/\/foreignnewstoday.com\/?p=51087","title":{"rendered":"What to do when your wages aren&#8217;t keeping up with the cost of living"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If you\u2019re feeling squeezed trying to afford life\u2019s necessities, you\u2019re not the only one. When <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/inflation-definition-195527231.html\" data-i13n=\"cpos:1;pos:1\" data-ylk=\"slk:inflation;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;1&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;inflation&quot;,&quot;yHasCommerce&quot;:false}\">inflation<\/a> soared in the wake of the coronavirus pandemic, wages struggled to keep up. The result was higher-priced necessities such as food, housing, transportation, and utilities \u2014 and less income to afford it all.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->In recent years, however, inflation has slowed. But even though prices are rising more slowly, they\u2019re still going up.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->So what do the numbers say \u2014 have wages finally caught up to inflation? And regardless of the data, how can you stretch your dollars further when your cost of living increases?<!-- HTML_TAG_END --><\/p>\n<p> <iframe loading=\"lazy\" title=\"CDS Widget\" src=\"https:\/\/templates.cds.yahoo.com\/remote\/widget?campaignId=4ec2331a-fbb0-4230-81e2-d38f75a95135&amp;lineItemId=e82bb348-cbaf-49c1-91bf-300b0e98a9c9&amp;contentId=afde81d5-2711-4dfc-8d66-42441b8fc9dc&amp;viewId=vkg6Rtvhl7N5dCbV1PA84w&amp;providerId=yahoo_personal_finance_397&amp;site=finance&amp;spaceId=1183300100&amp;commerceSiteId=us-finance-pnr&amp;url=https%3A%2F%2Ffinance.yahoo.com%2Fpersonal-finance%2Fbanking%2Farticle%2Fwages-increase-not-keeping-up-with-the-cost-of-living-211948928.html\" scrolling=\"no\" height=\"480\" data-testid=\"iframe-with-resizer\" class=\"yf-16wd5dt\"><\/iframe> <\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Let\u2019s start with the good news: In the 12 months from February 2025 to February 2026, wages actually outpaced inflation. According to the Bureau of Labor Statistics (BLS), real average household earnings increased 1.4%, seasonally adjusted, during this timeframe.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If these numbers don\u2019t seem to be reflected in your <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/how-to-budget-155036756.html\" data-i13n=\"cpos:2;pos:1\" data-ylk=\"slk:budget;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;2&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;budget&quot;,&quot;yHasCommerce&quot;:false}\">budget<\/a>, it\u2019s likely because wages have been playing catch-up to inflation over the past several years.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->The <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/mortgages\/article\/what-is-the-federal-reserve-205012702.html\" data-i13n=\"cpos:3;pos:1\" data-ylk=\"slk:Federal Reserve;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;3&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Federal Reserve&quot;,&quot;yHasCommerce&quot;:false}\">Federal Reserve<\/a> aims to keep inflation at a rate of 2%. But post-pandemic, supply chain disruptions and changing demand, among other factors, led to a rapid rise in inflation. One inflation measure \u2014 the <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/consumer-price-index-definition-205943850.html\" data-i13n=\"cpos:4;pos:1\" data-ylk=\"slk:Consumer Price Index;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;4&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Consumer Price Index&quot;,&quot;yHasCommerce&quot;:false}\">Consumer Price Index<\/a> (CPI) \u2014 rose to more than 9% over 12 months ending in June 2022.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Inflation has slowed since; the current CPI as of February rose just 2.4% over the previous 12 months. But that doesn\u2019t mean prices have dropped \u2014 it just means they haven\u2019t been rising as fast.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->On the other side of the equation is wage growth.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Data from Bankrate\u2019s Wage To Inflation Index found that from January 2021 to August 2025, wages still lagged behind inflation by 1.2 percentage points. The gap between wages and inflation was previously as big as 4.8 percentage points in 2022, so things are trending in the right direction for earners. However, relatively flat real wage growth (taking inflation into account) means that bills may still feel tight.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->To summarize, real wage growth has been mostly flat since inflation took off post-pandemic. Even though real wage growth was positive in the last year, it\u2019s still \u201ccatching up\u201d after falling behind several years ago.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->When your bills seem to grow faster than your cost-of-living wage increases, frustration can set in. Unfortunately, the price of most things is beyond your control. But that doesn\u2019t mean you\u2019re powerless in stretching your budget.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Read more: <\/em><a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/cost-of-living-by-state-164246058.html\" data-i13n=\"cpos:5;pos:1\" data-ylk=\"slk:This map compares the cost of living in every state;cpos:5;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;5&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;This map compares the cost of living in every state&quot;,&quot;yHasCommerce&quot;:false}\"><em>This map compares the cost of living in every state<\/em><\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If your pay isn\u2019t keeping up with your cost of living, implement some of the following strategies to get a little more bang for your buck:<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If you have money sitting in a <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/comparison\/high-yield-savings-account-vs-traditional-savings-account-which-is-better-120024972.html\" data-i13n=\"cpos:6;pos:1\" data-ylk=\"slk:traditional savings account;cpos:6;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;6&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;traditional savings account&quot;,&quot;yHasCommerce&quot;:false}\">traditional savings account<\/a>, inflation is quietly eating away at your balance. However, you can fight inflation by putting that money in a <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/high-yield-savings-account-162743728.html\" data-i13n=\"cpos:7;pos:1\" data-ylk=\"slk:high-yield savings account;cpos:7;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;7&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;high-yield savings account&quot;,&quot;yHasCommerce&quot;:false}\">high-yield savings account<\/a> (HYSA).<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->With the <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/best-high-yield-savings-account-171334498.html\" data-i13n=\"cpos:8;pos:1\" data-ylk=\"slk:best HYSAs;cpos:8;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;8&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;best HYSAs&quot;,&quot;yHasCommerce&quot;:false}\">best HYSAs<\/a> currently earning up to 4% APY, the difference in interest earnings can be staggering. For example, with $10,000 in the bank, you\u2019re looking at a difference of nearly $400 in a single year.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Read more: <\/em><a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/how-much-can-i-save-in-a-year-210012811.html\" data-i13n=\"cpos:9;pos:1\" data-ylk=\"slk:How much can I earn in a year with $10,000 in a savings account?;cpos:9;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;9&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;How much can I earn in a year with $10,000 in a savings account?&quot;,&quot;yHasCommerce&quot;:false}\"><em>How much can I earn in a year with $10,000 in a savings account?<\/em> <\/a>In addition to HYSAs, you can consider other places for your cash to hedge against inflation:<!-- HTML_TAG_END --><\/p>\n<ul class=\"yf-1p2hw41\">\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Inflation-indexed bonds: <\/strong>In the U.S., inflation-indexed bonds are called Treasury Inflation-Protected Securities, or TIPS. The principal of a TIPS grows with inflation, meaning you receive an inflation-adjusted price when your bond matures.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>I bonds: <\/strong>Available through the U.S. Department of the Treasury, <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/comparison\/i-bond-vs-savings-account-185055035.html\" data-i13n=\"cpos:10;pos:1\" data-ylk=\"slk:Series I bonds;cpos:10;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;10&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Series I bonds&quot;,&quot;yHasCommerce&quot;:false}\">Series I bonds<\/a> earn both a fixed rate of interest and a variable rate. The fixed rate stays the same for the life of the bond, while the variable rate is tied to inflation and changes twice a year to coincide with changes to the Consumer Price Index for all Urban Consumers (CPI-U).<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>Money market accounts: <\/strong>A <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/best-money-market-accounts-rates-160154089.html\" data-i13n=\"cpos:11;pos:1\" data-ylk=\"slk:money market account;cpos:11;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;11&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;money market account&quot;,&quot;yHasCommerce&quot;:false}\">money market account<\/a> blends features of a savings and checking account, but they often pay out higher rates than traditional savings accounts. Keep in mind you may need a higher initial deposit to open one.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<li class=\"yf-1p2hw41\">\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><strong>CDs: <\/strong><a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/best-cd-rates-201308688.html\" data-i13n=\"cpos:12;pos:1\" data-ylk=\"slk:A certificate of deposit;cpos:12;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;12&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;A certificate of deposit&quot;,&quot;yHasCommerce&quot;:false}\">A certificate of deposit<\/a> (CD) is a time deposit that earns fixed interest on your money for a set period. If you lock in a high interest rate and rates subsequently drop, you\u2019ll benefit from higher earnings for the duration of your CD. The catch? You can\u2019t touch your balance (without penalty) until the CD matures.<!-- HTML_TAG_END --><\/p>\n<\/li>\n<\/ul>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Read more: <\/em><a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/how-does-inflation-affect-savings-interest-rate-to-beat-202821596.html\" data-i13n=\"cpos:13;pos:1\" data-ylk=\"slk:How inflation affects savings: Here's the interest rate you need to beat;cpos:13;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;13&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;How inflation affects savings&quot;,&quot;yHasCommerce&quot;:false}\"><em>How inflation affects savings: Here&#8217;s the interest rate you need to beat<\/em><\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Borrowing money isn\u2019t free, and interest charges can eat away at your savings and cut into any pay increases you earn.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If you have high-interest debt such as credit cards or personal loans, make paying it off a priority. There are a number of strategies you can use, from the <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/comparison\/debt-snowball-vs-avalanche-205534952.html\" data-i13n=\"cpos:14;pos:1\" data-ylk=\"slk:debt snowball or avalanche method;cpos:14;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;14&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;debt snowball or avalanche method&quot;,&quot;yHasCommerce&quot;:false}\">debt snowball or avalanche method<\/a> to debt consolidation or refinancing. The best way to get rid of your debt will depend on a few factors, including the amount, interest rate, and your <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/how-to-calculate-monthly-cash-flow-191250423.html\" data-i13n=\"cpos:15;pos:1\" data-ylk=\"slk:monthly cash flow;cpos:15;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;15&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;monthly cash flow&quot;,&quot;yHasCommerce&quot;:false}\">monthly cash flow<\/a>.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Read more: <\/em><a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/plan-to-pay-off-debt-budget-guide-192902261.html\" data-i13n=\"cpos:16;pos:1\" data-ylk=\"slk:Need a plan to pay off debt? Try this 7-step budget guide.;cpos:16;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;16&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Need a plan to pay off debt? Try this 7-step budget guide.&quot;,&quot;yHasCommerce&quot;:false}\"><em>Need a plan to pay off debt? Try this 7-step budget guide.<\/em><\/a><!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Money out is just one side of the equation. To fight inflation, you can also try to increase the amount of money coming in via your paycheck. Salary negotiation is just one way to do so.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If you think you\u2019re underearning at your current job, don\u2019t hesitate to try negotiating a raise. (Hint: If you didn\u2019t negotiate your salary when you got hired, you\u2019re likely being underpaid.)<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Start by doing some research about your position\u2019s average salary. If you can find out what colleagues in similar positions are earning, that\u2019ll also help. Then work on compiling your achievements \u2014 the more specific, the better \u2014 and practicing your pitch.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If you have the extra time and energy, consider starting a side hustle to bring in extra cash. <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/how-to-make-money-from-home-side-hustles-boost-income-140033542.html\" data-i13n=\"cpos:17;pos:1\" data-ylk=\"slk:Side gigs;cpos:17;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;17&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;Side gigs&quot;,&quot;yHasCommerce&quot;:false}\">Side gigs<\/a> can be related to your day job, but they don\u2019t have to be. In fact, if you have a hobby or passion that you enjoy doing and can monetize, your side hustle may not feel much like work at all.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Common side hustles include freelance writing or editing, consulting, tutoring, and social media management. If you\u2019re not set on working from home, you could also consider things like driving for a rideshare company, dog walking, or shopping for and delivering groceries.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->Sometimes, despite your best efforts, a salary raise isn\u2019t in the cards. If this seems to be an industry-wide phenomenon, you might think about making a career change. (Additionally, if you\u2019re bored at your job and there\u2019s limited upward mobility, that might be reason enough to change careers.)<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If possible, focusing your career search on fast-growing industries might buy you more earning power. Currently, some of those fast-growing industries include renewable energy, healthcare, and the information sector.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If you\u2019re in a high-cost-of-living area, your entire paycheck may get eaten up by rent, groceries, and the other monthly necessities. And while there are some things you can\u2019t control when it comes to affording essential expenses, you usually have some say over where you live.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START -->If you have the flexibility, moving to a more affordable area could significantly reduce your monthly bills. Whether that means going remote with your current job, looking for new opportunities in a new city, or starting a business of your own, relocating could save you thousands (or more) per year. Just be sure to consider <a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/mortgages\/article\/how-much-does-moving-cost-220548301.html\" data-i13n=\"cpos:18;pos:1\" data-ylk=\"slk:moving costs;cpos:18;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;18&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;moving costs&quot;,&quot;yHasCommerce&quot;:false}\">moving costs<\/a> when calculating these potential savings.<!-- HTML_TAG_END --><\/p>\n<p class=\"yf-1fy9kyt\"><!-- HTML_TAG_START --><em>Read more: <\/em><a rel=\"\" class=\"link  yahoo-link\" href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/how-to-save-money-on-groceries-ways-stretch-food-budget-214426031.html\" data-i13n=\"cpos:19;pos:1\" data-ylk=\"slk:How to save money on groceries: 13 ways to stretch your food budget;cpos:19;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" data-yga=\"{&quot;yLinkPosition&quot;:&quot;19&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yPosition&quot;:&quot;1&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yLinkText&quot;:&quot;How to save money on groceries&quot;,&quot;yHasCommerce&quot;:false}\"><em>How to save money on groceries: 13 ways to stretch your food budget<\/em><\/a><!-- HTML_TAG_END --><\/p>\n<figure data-testid=\"article-figure-image\" class=\"yf-750ceo\">\n<div class=\"image-container yf-lglytj\" style=\"--max-height: 346px;\">\n<div class=\"image-wrapper yf-lglytj\" style=\"--aspect-ratio: 960 \/ 346; --img-max-width: 960px;\"><\/div>\n<\/div>\n<\/figure><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/finance.yahoo.com\/personal-finance\/banking\/article\/wages-increase-not-keeping-up-with-the-cost-of-living-211948928.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you\u2019re feeling squeezed trying to afford life\u2019s necessities, you\u2019re not the only one. When inflation soared in the wake of the coronavirus pandemic, wages struggled&hellip;<\/p>\n","protected":false},"author":1,"featured_media":51088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-51087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-finance"],"_links":{"self":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/51087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51087"}],"version-history":[{"count":0,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/posts\/51087\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=\/wp\/v2\/media\/51088"}],"wp:attachment":[{"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/foreignnewstoday.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}