How to beat inflation as you shop for the holidays

With sky-high price tags on so many popular items, ABC News' business correspondent Rebecca Jarvis shares tips on how to stretch your money and save while shopping.
2:07 | 12/06/21

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Transcript for How to beat inflation as you shop for the holidays
- We turn now to the holiday season, and specifically talking shopping. Now, it's heating up. And those sky-high price tags on so many popular items. Our chief business correspondent, Rebecca Jarvis, joins us now. Tips on how to stretch your money, even save while shopping. Rebecca, always good to chat it up with you. Inflation, how can you beat it? - TJ, you can't control inflation. You cannot control the supply chain. You can control yourself, though, in all of this. And that's how you beat it. You set your budget, and you work backwards. Think about each individual on that wish list. Set a specific amount of money you are willing to spend. And then when you do head out shopping, if you're physically going out shopping, one tried and true method is paying in cash. You take out the full amount you're willing to spend. When it's gone, you head home. - That's a very good trick there. But there are also cash back apps this year. How are we supposed to use these? - Yeah, this is something that can really help you save more money, overall. You go out. You shop for the things you're looking for, if you're shopping online or in stores. And then you double that savings, or you triple it even, by using a cash back app. This is cash that's sent back to you after you make a purchase on top of any discounts that you've already received from the retailer. Apps like Rakuten, ibotta, RetailMeNot, all of these will help you save more money, as long as you're using them for that. Don't use them to spend more. Use them to save more. - Good to add that in there. And two shopping hacks. One of these our Tory Johnson would love-- free shipping and the other has to do with old gift cards. - Yeah, OK, so people probably have a few pennies here and there on an old gift card. Start using those towards your purchases. You can use them towards your holiday purchases. And then use free shipping in the smart way, which is, a lot of these sites, they have a minimum you have to spend for free shipping. Right? Instead of going to a bunch of sites, pour it all into one, so that you're not putting extra things in your basket in order to get to that free shipping amount. - Oh. - Do all your shopping in one place. Get the free shipping. - All right. Ginger, is she not just the best? She's the greatest, isn't she? - The greatest. And I know she's like that organized person that's got it all done already, anyway. You could tell. - No. - Yeah, what I'm saying is, you and me, TJ, look like the people, no, that's not happening. [LAUGHTER]

This transcript has been automatically generated and may not be 100% accurate.

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