Food prices and rent continue to rise for Honolulu residents

HONOLULU (KHON2) — Food and housing costs are the top expenses that continue increasing for Honolulu residents, eating at restaurants increased by more than 7% over the last 12 months, while rents have increased by 11%.Get Hawaii’s latest morning news delivered to your inbox, sign up for News 2 YouThe rising costs may be causing stress for many, but Ethan Ho the founder of Kala Capital Partners said do not be afraid to tackle those expenses head on.“Look at where you’re spending the most money in relationship to your income and figure out the biggest area that you can cut first,” said Ho. “You want to spend the time and energy in the place that’s going to be the biggest most meaningful difference.”Ho said to start by creating a spending plan, prioritizing items that must be paid for such as housing, food, insurance and other important payments like student loans.And then consider what other areas of spending matter.“I don’t think it’s important to say hey you can’t go to Starbucks and...