Delmaine Donson · iStock.com With annual inflation hitting a whopping 4.2% in May, people across the country are seeking ways to save money. We've all heard the old standbys like "skip your daily latte." And while these tips may work, the times call for a tougher strategy, even if you grumble and grouch along the way. Once you see these savings adding up in your bank account, you'll thank your former self for doing the work.