Core Insights - The overall consumer price index has increased by 25% since 2020, indicating a significant rise in living costs across various sectors [1] - Residential electricity prices have surged by 27.9% from 2021 to 2025, with average monthly bills rising by 28.8% [1] - Electric prices have increased by 10.5% since January 2025, reflecting ongoing utility cost pressures on households [2] Utility Costs - The average overdue utility balance in the U.S. rose from $597.21 in Q1 2022 to $774.52 in Q1 2025, further increasing to $788.83 in Q2 2025 [3] - A chart highlighted that average past-due utility balances have reached an all-time high, particularly during the Biden administration [4] Car Insurance - The average cost of car insurance has surged by 55% since 2020, with the current average being $2,149 per year or $179 per month [8] - Consumers are encouraged to compare quotes from multiple insurers to find better rates, with some as low as $29 per month [9] Home Insurance - Home insurance costs have also risen, presenting another area where consumers can potentially save by comparing rates from various insurers [10] Financial Management Tools - Apps like Rocket Money can help consumers track expenses, categorize spending, and identify hidden costs, potentially saving hundreds annually [12][13]