In an already struggling economy, building up savings can be hard for families, especially when food prices start to soar, according to Money Morning.

On July 25, the U.S. Department of Agriculture told Americans to expect to pay 3 to 4 percent more for groceries in 2013, according to Money Morning. The cost of beef will rise the most, as prices are expected to rise 4 to 5 percent, and dairy products will cost 3.5 to 4.5 percent more as well, according to the USDA. Egg and poultry prices are expected to rise 2.5 to 3.5 percent in 2013.

The warm winter had many farmers thinking this summer's crop might be a good one, but the heat wave has changed that, according to Money Morning. The drought has now affected approximately 60 percent of the continental U.S. That's the largest portion of the nation since the droughts of the 1930s and 1950s.

"Over the last 25 years alone, America has converted over 41 million acres of land into condos, strip malls and other developments," Dr. Kent Moors, global energy strategist at Money Morning noted. "Add it up. You've got food prices, higher fuel costs, more people and less land to use for growing food."