Small steps can help consumers cope with inflation
Monday, June 6, 2022
First National Bank & Trust Co.
The U.S. inflation rate recently hit a 40-year high, leading many Oklahomans to ask themselves what they can do to stay afloat during challenging financial times.
As a community bank, we often hear from people trying to adjust to new costs. High inflation affects everyone differently. Individual characteristics, such as income level,
spending habits and financial obligations play a role in determining your ability to adapt to inflation. However, regardless of your personal circumstances, there are steps you can take to reduce or maintain your monthly expenses.
Drivers are currently experiencing sticker shock at the gas pump. While completely cutting out gas isn’t an option for most, many people can make fewer trips or carpool to
work. By running multiple errands at once, you can save yourself both time and money.
James Boggs is the president of community banking at First National Bank & Trust Co. The bank began as First Oklahoma Bank, N.A., in 1983. The Citizen Potawatomi Nation purchased the bank in February 1989. Since then, the bank has moved into a new headquarters and opened its eighth branch in 2007.

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