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Reframe Rising Gas Prices Into a Winning Mindset š
A relatable, noāpanic take on rising gas pricesāhow to run the numbers, spot where you can save, and turn financial stress into a chance to build better habits and resilience. š”ā½ļø
4/23/20264 min read
Oil prices have gone up, and honestly, itās no surprise. I came back from my Japan trip to find gas at $1.80/L, which feels absolutely bonkers compared to $1.65/L when I left. Itās easy to see that jump and feel shocked, defeated, or even powerlessāas if the outside world is pushing us around and we just have to pay the higher prices. ā½ļø
This is where I hope to gently shift your mindsetā¦just a tiny bit, but that small shift can go a long way.
Mindset in the Middle of a Messš§
Thereās a lot in the economy thatās outside of our control. I try to protect my mental health by stepping back from social media and the news. Thereās so much panic in those spaces that it doesnāt help and just piles onto everything else weāre already juggling. When you already have worries, more fearādriven noise just makes it worse. So letās set it asideāat least until it stops dragging you down. Those ānewsā clips and TikToks are built to trigger emotions so you stay glued, so today, not this time. š«š±
So much in life is out of our handsānot just wars, the president down south, or gas prices. Even COVIDā19, remember that? 𤧠That hit hard back in 2019, and we got through it. Those were dark days, and just like that, this too will pass. Yes, we can vent about it (and my therapist actually recommends itāit really helps) š¤, but we can also stand up, move forward, and focus on what we can actually control.
Numbers, Not Noise š
When inflation, gas prices, and the rest of the economy spike, people understandably freak out about how high their bills are. But letās run the numbersāitāll stay simple here, but you can adjust it for your own life. Check your transactions from the last couple of months, add up your gas costs (or any other bills you want to zoom in on), and compare them monthāoverāmonth.
If gas prices jump by $0.20/L and you fill a 50L tank, thatās about $11 more per fillāup. If you fill up 3ā4 times a month (looking at you with the long commutes), thatās roughly $44 more per month. šø Yes, $44 is a lotāI completely get that. That money could go toward groceries, no question. But at the same time, for many of us, $44 wonāt break the bank, even if it stings. šŖ¼
Small Shifts with Big Impact š”
Now what? My question for you is: where could you save $44 in your monthly budget? $44 is less than a single dineāout, which usually runs between $50ā$120 for two people. If you skip one restaurant meal and cook at home, or even go for a mealākit or takeout, youāll likely save more than $44. Itās just as easy to complain about that extra $44 at the pump as it is to not spend it in another areaāespecially one most people overspend in. Instead of dining out with friends, maybe swap in a coffee date, stay in, play board games, or host a potluck. š²
If dining out is something you rarely do or absolutely donāt want to cut, letās look at recurring bills insteadāthings like internet, phone plans, or subscriptions. š¶ This is an area where we often keep paying extra for constant price hikes without even noticing. Is there a subscription you forgot about because you never got around to cancelling it? šµļøāāļø Maybe this is the perfect time to tidy things up and pocket a few extra dollars. Are you paying extra each month for mediocre service that you can easily swap for something cheaper? Those monthly savings will add up!
Or maybe youāve developed a habit of grabbing coffee at the Tim Hortons driveāthrough on your way to work. āļøThatās about $1.60/day for a small (but letās be honestāmost people donāt just order a small). If you do that every weekday, it adds up to roughly $40/monthāhellooooo, thatās almost the same as the extra cost from the oil hike!
Sometimes itās not easy to change habits, and honestly, why should we have to change them just because oil prices rise? But this is a powerful opportunity to trim back the habits that donāt bring you much joy and just keep going because of routine.
Instead of collapsing under the stress of this oil hike, letās look at the opportunities itās creating: a chance to build better habits and say goodbye to the ones that no longer serve you. You can put on a different lens and see this from a new perspective, instead of following the āNegative Nanciesā of the world. š At the end of the day, youāll grow more resilient by walking through this challengeāyou face it, you lean into it, and you come out stronger, wiser, and with better habits on the other side. š”āØ
So my friend, this world isnāt easy, isnāt always fairābut you are strong enough to go through it. š Your real strength comes from the mindset you create and the belief that you can handle this. If you have that, youāll be okayāeven through these economic bumps. š¼āØ
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