Everything is going up&mdashexcept salaries has become one of the most commonly heard phrases among Taiwanese people.

 As global inflation continues to intensify, rising prices have made smart spending and protecting one&rsquos wallet a growing challenge for every household in Taiwan.In an era of rising prices across the board, changing spending habits and making good use of discounts can help protect your wallet. (Photo / Sourced from Pexels)

According to data from Taiwan&rsquos Directorate-General of Budget, Accounting and Statistics, food prices have increased by more than 2% for four consecutive years. From 2021 to 2024, the cumulative rise has reached 13.98%. In the face of this shocking &ldquofoodflation,&rdquo we&rsquove compiled tips from local and international money-saving experts to share 7 smart saving strategies: 

Tip 1: Use supermarket apps wisely

Before heading out to shop, open your phone and check the apps of nearby supermarkets to find the latest promotions. Comparing prices through these apps helps you plan a smarter shopping list. Also, try to avoid using fresh food delivery services, as they often come with extra delivery fees, increasing your overall spending. 

Tip 2: Private label brands &ndash affordable and abundant

Many people tend to trust well-known brands for quality assurance. However, private label products from supermarkets or wholesalers are usually more budget-friendly and often match brand-name quality. If you&rsquore concerned about quality, check online reviews for extra peace of mind. 

Tip 3: Don&rsquot let discounts cloud your judgment

It&rsquos easy to get carried away with special offers and end up buying things you don&rsquot need. Money-saving pros suggest sticking strictly to your shopping list&mdashthat&rsquos the key to controlling food expenses. Trying to save money while impulse buying often cancels out the savings. 

Tip 4: Eat what's in season

Taiwan&rsquos climate offers a rich variety of seasonal fruits and vegetables. Seasonal produce is usually cheaper and fresher. Do a little research beforehand to learn what&rsquos in season and make smarter, tastier choices. 

Tip 5: Avoid waste

Bulk items at warehouse stores may seem cheap per unit, but make sure you can actually use them before they expire. Otherwise, they become a waste of money instead of a savings. 

Tip 6: Use what you have first

Before buying new groceries, check your fridge and pantry to make sure existing ingredients are being fully used. Prioritize foods that are about to expire to reduce waste and truly cut costs. 

Tip 7: Cook at home&mdashit pays off

Dining out is convenient, but over time it adds up. Try cooking at home more often. You can find countless recipes online to transform leftover ingredients into delicious homemade meals.

In an era of rising costs across the board, learning to adapt and manage your spending is the key to financial resilience.