With inflation climbing to 3.8 percent in April, its highest level since 2023, many Americans are feeling the pinch. Consumer data firm J.D. Power reports that 87 percent of consumers are anxious about rising prices, and 86 percent have already cut spending on essentials like gas and groceries. Experts suggest that by targeting a few key areas, households can significantly reduce monthly outgoings.
Cut Food Delivery and Dining Out
According to a January 2025 YouGov survey, 28 percent of Americans use food delivery services at least weekly. While convenient, the added fees can drain monthly income. Nathan Haas, a financial advisor and owner of Haas Trade Advisors, recommends reducing eating out and food delivery. “By preparing meals at home, most people can easily save hundreds of dollars,” he said. A 2025 CNET survey found the average American spends $2,841 annually on eating out and takeout. For a two-person household, halving this spending could save around $237 per month.
Switch Your Grocery Store
Changing where you shop can lead to substantial savings. A February 2026 Consumer Reports study found that switching from Walmart to Aldi saves an average of 8.5 percent. Savings jump to about 21 percent at warehouse clubs like Costco and BJ’s, though they require a paid membership. Those shopping at Whole Foods could cut their bill by up to 50 percent by moving to Aldi. Haas also suggests trying store-brand items: “People would be surprised at how many non-name brands taste the same or better.”
Change Your Phone Provider
Mobile virtual network operators (MVNOs) like Metro by T-Mobile and Cricket Wireless operate on major networks but offer cheaper plans. Thad Hwang, CEO of Goji Mobile, says switching can save $70 to $100 monthly. “Most never notice a difference in coverage,” he noted. Reyna Gobel, founder of Wallets and Waistlines, saved $50 a month by switching to Optimum, an MVNO. “I now pay around $20 monthly versus $70 before,” she said.
Track Small, Unplanned Expenses
Summer brings impulsive buys like sunscreen, ice cream, and last-minute outings that can erode a budget. Dr. Erika Rasure, chief financial wellness advisor at Beyond Finance, advises keeping track of these leaks. “Summer brings a mindset of celebration, making it easier to justify purchases that don’t fit your budget,” she said. “The dopamine rush fades quickly when the bills arrive.” Identifying these small leaks can help consumers regain control.
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