Smita's problem: "The rising food prices across the world worry me. Besides, the futures market, that bids on whether food will be short, leads to hoarding. I see higher prices in the offing.

I think this affects my savings, investments and overall home finance."

How she works it out: "I think this phase will soon pass. All we need to do is to ride it out.

Looking for substitutes - whether in vegetables or savings - has worked for me."

Smita's tips:

i. Decide maximum expenditure limits to everything, even vegetables and fruits. This will curb all the 'out-of-budget' spendings.

ii. Look for good offers that last for few days. This way, you don't compromise on quality.

iii. Substitute expensive items in your list. For example, replace more expensive Toor (Bengal gram) dal with equally nutritious but cheaper Moong dal.

iv. Invest better. Even if your savings go down, your money should keep growing.