Reframe Rising Gas Prices Into a Winning Mindset đ
A relatable, noâpanic take on rising gas pricesâhow to run the numbers, spot where you can save, and turn financial stress into a chance to build better habits and resilience. đĄâ˝ď¸
4/23/20264 min read
Oil prices have gone up, and honestly, itâs 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. Itâs easy to see that jump and feel shocked, defeated, or even powerlessâas if the outside world is pushing us around and we just have to pay the higher prices. â˝ď¸
This is where I hope to gently shift your mindsetâŚjust a tiny bit, but that small shift can go a long way.
Mindset in the Middle of a Messđ§
Thereâs a lot in the economy thatâs outside of our control. I try to protect my mental health by stepping back from social media and the news. Thereâs so much panic in those spaces that it doesnât help and just piles onto everything else weâre already juggling. When you already have worries, more fearâdriven noise just makes it worse. So letâs set it asideâat least until it stops dragging you down. Those ânewsâ clips and TikToks are built to trigger emotions so you stay glued, so today, not this time. đŤđą
So much in life is out of our handsânot just wars, the president down south, or gas prices. Even COVIDâ19, 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 itâit really helps) đ¤, but we can also stand up, move forward, and focus on what we can actually control.
Numbers, Not Noise đ
When inflation, gas prices, and the rest of the economy spike, people understandably freak out about how high their bills are. But letâs run the numbersâitâll 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 monthâoverâmonth.
If gas prices jump by $0.20/L and you fill a 50L tank, thatâs about $11 more per fillâup. If you fill up 3â4 times a month (looking at you with the long commutes), thatâs roughly $44 more per month. đ¸ Yes, $44 is a lotâI completely get that. That money could go toward groceries, no question. But at the same time, for many of us, $44 wonât break the bank, even if it stings. đŞź
Small Shifts with Big Impact đĄ
Now what? My question for you is: where could you save $44 in your monthly budget? $44 is less than a single dineâout, which usually runs between $50â$120 for two people. If you skip one restaurant meal and cook at home, or even go for a mealâkit or takeout, youâll likely save more than $44. Itâs just as easy to complain about that extra $44 at the pump as it is to not spend it in another areaâespecially 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. đ˛
If dining out is something you rarely do or absolutely donât want to cut, letâs look at recurring bills insteadâthings like internet, phone plans, or subscriptions. đś 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? đľď¸ââď¸ 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 youâve developed a habit of grabbing coffee at the Tim Hortons driveâthrough on your way to work. âď¸Thatâs about $1.60/day for a small (but letâs be honestâmost people donât just order a small). If you do that every weekday, it adds up to roughly $40/monthâhellooooo, thatâs almost the same as the extra cost from the oil hike!
Sometimes itâs 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 donât bring you much joy and just keep going because of routine.
Instead of collapsing under the stress of this oil hike, letâs look at the opportunities itâs 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 âNegative Nanciesâ of the world. đ At the end of the day, youâll grow more resilient by walking through this challengeâyou face it, you lean into it, and you come out stronger, wiser, and with better habits on the other side. đĄâ¨
So my friend, this world isnât easy, isnât always fairâbut you are strong enough to go through it. đ Your real strength comes from the mindset you create and the belief that you can handle this. If you have that, youâll be okayâeven through these economic bumps. đźâ¨
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