How Arizonans can stretch their dollar when prices are rising

Rachel Galvez

Submitted photo

It’s easy to fall into the habit of impulse buying, especially with one-click purchases and online deals. Try implementing a 24-hour rule: if you see something you want to buy, wait a full day before making the decision.”

As we continue to move through 2025, many Arizonans are feeling the weight of rising costs. While monthly inflation rates have cooled, the bigger picture tells a different story; consumer prices are more than 23% higher than they were before the coronavirus recession began in February 2020.

That cumulative increase means everyday essentials, like groceries, gas and rent, are stretching household budgets thinner than before. For families already managing tight finances, finding new ways to make each dollar go further has become a financial necessity.

At Arizona Financial Credit Union, we understand the challenges our members face in this economic climate. While we offer tools and resources to help manage finances, there are practical steps you can take right now to make your money go further.

Reevaluate your budget

Start by reviewing your monthly expenses. Take a close look at recurring costs like streaming subscriptions, dining out or unused memberships. Are there areas you can trim or eliminate entirely? Redirecting even $50 a month toward groceries, utilities or savings can have a noticeable impact. Creating a simple budget through a spreadsheet or a budgeting app can help you visualize your spending patterns and spot opportunities to improve.

Shop smart

With food prices up 3.0% nationally over the past year, according to the Bureau of Labor Statistics, it’s crucial to shop strategically. Consider meal planning around what’s on sale, using store loyalty programs and buying store brands rather than name brands. Bulk purchases, especially for pantry staples or household items, can also lead to long-term savings. Don’t overlook farmers markets or discount grocery stores, either. Sometimes the best deals come from local sources.

Reduce energy costs

With summer approaching in Arizona, air conditioning costs can eat up a big part of the monthly budget. Set your thermostat a few degrees higher when you’re away, unplug electronics when not in use and switch to LED lighting to lower electricity bills. Small adjustments to your energy habits can add up over time.

Limit non-essential spending

It’s easy to fall into the habit of impulse buying, especially with one-click purchases and online deals. Try implementing a 24-hour rule: if you see something you want to buy, wait a full day before making the decision. Often, the impulse passes and you’ll be glad you didn’t spend the money. Focus on prioritizing needs over wants and save up for larger purchases when possible.

Seek financial guidance

If managing finances feels overwhelming, don’t hesitate to seek support. Financial institutions and nonprofit organizations often offer financial counseling. A financial adviser can help you set goals, build a realistic spending plan and explore ways to reduce debt or grow savings.

While the economic landscape remains uncertain, taking proactive steps can help you maintain financial stability. By staying informed and making thoughtful choices, you can stretch your dollar further and weather the storm of rising prices.

Editor’s note: Rachel Galvez is marketing partnerships manager at Phoenix-based Arizona Financial Credit Union and executive director of Arizona Financial Foundation. Please send your comments to AzOpinions@iniusa.org. We are committed to publishing a wide variety of reader opinions, as long as they meet our Civility Guidelines.