Inflation has surged to 3.8 percent in April, its highest level since 2023, prompting many Americans to seek ways to reduce their monthly expenses. According to consumer data firm J.D. Power, 87 percent of consumers are anxious about rising prices, and 86 percent have already cut spending on items like gas and groceries. As summer approaches, financial experts recommend four key areas to target for savings.
Cut Back on Food Delivery
Nearly 28 percent of Americans use food delivery services at least once a week. While convenient, the added fees can drain monthly income. Nathan Haas, a financial advisor and owner of Haas Trade Advisors, suggests reducing eating out and delivery. “By preparing meals at home, most people can easily save hundreds of dollars,” he said. The average American spends about $2,841 annually on eating out and takeout, according to a 2025 CNET survey. In a two-person household, cutting these expenses in half could save around $237 per month.
Switch Grocery Stores
Changing where you shop can significantly lower grocery bills. A February 2026 Consumer Reports study found that switching from Walmart to Aldi saves an average of 8.5 percent. Savings increase to about 21 percent at warehouse clubs like Costco or BJ’s, which require a paid membership. Those shopping at Whole Foods could see bills drop by up to 50 percent by switching to Aldi. Additionally, Haas recommends trying store-brand items. “People are often surprised that non-name brands taste the same or better,” he noted.
Change Your Mobile Phone Provider
Mobile virtual network operators (MVNOs) operate on major networks like T-Mobile or Verizon but offer lower prices. Switching from a brand-name carrier to an MVNO such as Metro by T-Mobile or Cricket Wireless can save $70 to $100 per month, according to Thad Hwang, CEO of Goji Mobile. “Most never notice a difference in coverage,” he said. Reyna Gobel, founder of Wallets and Waistlines, saved $50 monthly by switching to Optimum, an MVNO. “I now pay around $20 monthly versus $70 before the switch,” she said.
Track Small, Unplanned Expenses
Summer often brings impulse purchases like sunscreen, ice cream, or last-minute outings. Dr. Erika Rasure, chief financial wellness advisor at Beyond Finance, advises keeping track of these “little leaks.” “Summer encourages a mindset of celebration, making it easier to justify unplanned purchases,” she said. Identifying where money leaks can help consumers adjust their budgets and avoid post-spending regret.
By addressing these four areas, consumers can shore up their finances and find stability amid economic uncertainty. As Vipin Porwal, founder of Smarty, noted, “Every purchase is critical, and every dollar counts.”
