Cutting Expenses | How to Cut Costs to Put More Money Back in Your Budget

Cutting Costs to Put More Money Back in Your Budget

Are you struggling to find more money each month? You may not have an income problem so much as an expense problem.

While saving $1 here and there may not seem like much, it certainly adds up over time. Did you realize if you can cut $17/day over the course of a month you could save over $500 a month??

Read on for a list of 60+ ways you can save on monthly expenses.

 

cutting expenses

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Cutting Monthly Expenses 

Examine Current Monthly Expenses

If you are looking at things to cut to save money, you first need to know where your money is going. Doing a review of the last few month’s expenses is a great way to figure out where the holes are in your budget.

I was shocked to find that our biggest hole was eating out. I’m not even talking about going out to eat. It was grabbing convenience items. We were spending a few hundred dollars a month on grabbing a Gatorade here and there for my kid’s practices. Or a quick snack while we were running around.

Bottom line– you need to know where your money’s going so you can focus on those areas in addition to trying to find extra ways to cut back.

cutting monthly expenses

Cutting monthly expenses– where can I save money?

  1. Takeaway coffee
  2. Eating out
  3. Netflix
  4. Amazon Prime
  5. Hulu
  6. Cable
  7. Car Insurance– Raise your deductible.
  8. Subscription boxes
  9. Choose Kindle Unlimited vs Purchasing multiple books– or utilize the library
  10. Music subscription services like Apple Music
  11. Going out to the movies.
  12. Movie snacks. (eat before you go)
  13. Utilize Gas Buddy to save at the pump.
  14. Organize errands or combine trips to maximize gas savings.
  15. Expensive salon services– color your own hair!
  16. New clothing. Buy clothing at consignment. Checkout ThredUp. It’s an online consignment shop. The reason I am in love with this website is that, not only am I getting a great deal on gently used, or never worn items are available for great prices, but they also will accept your clothes. They will send you what they call their “Clean Out bag”. It gets processed (they go through everything) and then they’ll send you an email with your earnings. The first 14 days, you can use your credit to purchase items from the thredUP.com. After 14 days, you can cash out using PayPal or a thredUP Visa Prepaid Card. I’m kind of obsessed with this website. Bonus! If you sign up through my link above you get a  $10 credit.
  17. Apps
  18. Sport Clubs
  19. Gym Memberships
  20. Change cell plan. We moved to pre-paid and love it! We saved about $30/month with our switch.
  21. Landline
  22. Food delivery service.
  23. Tivo
  24. Pre-packaged and convenience packaging.
  25. Brand name anything– make the move to generic!
  26. Drive a cheaper car.
  27. Drycleaning.
  28. Drink more water. Skip the sodas, juices, smoothies.
  29. Skip buying bottled water. Invest in a good water bottle.
  30. DIY detergent and cleaning products.
  31. Skip Sam’s, Costco, BJ’s, or other wholesale clubs.
  32. Skip expensive makeup and try the drugstore version.
  33. Skip lawn service– DIY.
  34. Bring your own oil when you get your oil changed. Also, check for coupons.
  35. Property taxes. Did you know that you can protest your property taxes and that there are companies (in exchange for a fee) will do it on your behalf? For our county, it was as simple as a new appraisal.  This saved us a few hundred dollars every year.
  36. Interest rates. Be on the lookout for balance transfer promotions. You can often save yourself hundreds a year with the 0% introductory offer. Use with caution, you don’t want to start racking up expenses on both cards!
  37. Generic baby diapers + wipes.
  38. Become a one car family.
  39. Unplug appliances that aren’t being used. If that’s not for you, consider smart outlets. You can set a timer, use wifi and/or Alexa if you are technically inclined.
  40. Ditch disposable items– paper plates, paper towels,  etc.
  41. Switch to LED light bulbs.
  42. Utilize refills instead of buying a new bottle of soap, detergent, etc. every time.
  43. Travel and vacations. If you need a getaway, consider a staycation. 
  44. Alcohol.
  45. Delivery pizza.
  46. Video games.
  47. Smoking
  48. Shopping for fun.
  49.  Hot water for laundry. Wash in cold water.
  50. Stop financing cars– pay cash.
  51. Batteries–consider switching to rechargeable ones.
  52. Contacts.
  53. Turn A/C up during the day while gone from home. Consider a programmable thermostat!
  54. Junk food.
  55. Calling the repairman. Youtube is full of how-to videos so you can do it yourself!
  56. Buying all your produce from the grocery store–check out Farmer’s Markets!
  57. Double check your bills and be on the lookout for promotions. These are really easy ways to put money back into your wallet.
  58. Use less. Less shampoo, less handsoap, fewer paper products, less gas, less A/C, etc.– One of my favorite shampoo/soap hacks is putting a rubber band around the stem of the pump so you only get about a 1/2 pump every time!
  59. Eat less meat– incorporate vegetarian meals during the week.
  60. Single serving anything.
  61. Hot showers– consider adjusting the heat setting on your hot water heater.
  62. High priced housing. Consider downsizing or changing up your neighborhood.

I hope you’ve found a few ways you can save a little extra money every month! I’d love to hear your money saving ideas and where you’ve cut back. Please comment below!

 



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