If prices continue to rise, consumers plan to reduce spending in these areas.

With inflation impacting American households, individuals are planning to reduce their expenses in the upcoming months to maintain control over their spending.

Nearly 50% of adults have already reduced their dining out and may do so more if inflation continues to rise, according to a CNBC + Acorns Invest in You survey conducted by Momentive. The online survey of nearly 4,000 adults was conducted March 23-24.

The survey discovered that individuals are reducing their driving, subscriptions, and even canceling vacations to cope with inflation.

Tania Brown, an Atlanta-based certified financial planner and founder of FinanciallyConfidentMom.com, stated, "It's been astounding."

People are thinking about rising prices all the time

The prices of most consumer goods and services, including housing, food, and energy, have increased due to the highest inflation in 40 years.

Many Americans are now spending more on essentials, resulting in tighter budgets without any change in habits. This has caught people's attention, and they are paying closer attention to these hikes. Nearly half of all adults say they think about rising prices all the time, while 55% of those with an annual household income of $50,000 or less are constantly checking costs, according to a survey.

Susan Greenhalgh, a financial counselor, emphasized the importance of focusing on your spending. "By keeping your eyes on your finances, you gain a better understanding of your money management," she said.

Should you increase your home-buying budget or remain with your original price? Why is it crucial to begin paying off debt immediately, and how can you do it? Inflation is causing U.S. households to spend nearly $300 more each month.

Tracking your expenses can help you adjust your spending habits, especially during inflation, as everyone's financial situation is different. If you primarily drive and are struggling with high gas prices, cutting back on driving could have a greater impact on your budget than cutting out a few restaurant meals.

Comparing and monitoring your spending monthly is crucial due to the rapid rise in prices. You may need to make more frequent adjustments than before.

According to Brown, the top priority is to safeguard the essentials, which include food, shelter, basic transportation, and basic medical care.

What to do about inflation

Higher prices are causing financial strain for many people, with over 75% of adults expressing concern about the impact of inflation on their budgets.

Those with the lowest incomes may be hit the hardest by the impact, said Brown. To help those struggling to cut spending even further, she advised reaching out to creditors and lenders to see if payment deferrals are possible.

If you need to cover your essential costs, you may need to dip into your emergency savings, she said. Additionally, some people may qualify for programs to help with utility bills, which could help with monthly costs.

If inflation rises, those with higher incomes may need to adjust their saving rates to maintain the same pace as before, according to Greenhalgh.

If your budget is tight, you may need to reduce your savings to avoid debt. However, both Brown and Greenhalgh recommend saving smaller amounts regularly to maintain the habit of saving.

"If you're moving in the correct direction, that's fine," said Brown.

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Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.