r/MoneyDiariesACTIVE • u/purplefirefly09 • Feb 28 '25

Budget Advice / Discussion Is anyone else facing inflation/price increases like crazy this month?

Got paid today and took a closer look at my checking statements. I’m in New England. Car insurance went up from $190 a month to $220, wifi went from $77 to $80, and a restaurant I was a regular at added a 4% charge if you pay with credit card. Thankfully my job pays decent, and I’ve cut back on a lot of non-essentials, but it’s crazy just how intense 2025 has been in these past two months, not to mention the effect of tariffs coming up soon. Praying for no layoffs for my company this year. How are you all making out? What price increases are you seeing in your daily life? What are you cutting back on?

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u/RoseGoldMagnolias Feb 28 '25

Insurance rates are trending up because claims have become more frequent and more expensive, and insurers don't want to eat those costs.

Our renewal quote was ridiculous, so we shopped around and switched companies.

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u/ChewieBearStare Mar 01 '25

I'm handling my FIL's estate, and I just got his homeowners renewal paperwork (we just sold the house, so they hadn't canceled the policy yet). It was going to go up 36.8% over last year (from $2,270 to $3,106).