Many people these days are spending more money per month than they bring in.
If your cost of living is that high, it’s time to cut living expenses fast. We live in a day and age where sometimes common sense isn’t too common and we’re paying for things that we don’t have to.
Everyday I hear people complain about how their electric bill is too high or they’re spending too much on gas. Sometimes it’s your fault. Some things may be out of your control but not always.
We’ll discover the many ways you can start to cut costs and put some of that money where it should be, in your pocket.
To begin, write down a list of your expenses. After you’ve taken a tally of what everything costs you each month, take a look at the categories below and determine where and how to cut living expenses in your home.
- Turn the lights off when they aren’t needed.
- Switch to energy saving bulbs, obvious, but not everyone gets it.
- Wash clothes with cold water, saves on gas, or electricity, depending on your water heater.
- Use or buy a programmable thermostat. This way you can have your heating and air conditioning only on during hours it is needed.
- Turn down the temperature of your water heater. It doesn’t have to be scolding hot to keep hot water.
- Insulate your water heater tank. This slows the temperature from cooling which means it uses less energy.
- Install energy saving windows, doors, curtains, blinds, and/or drapes. All of these help keep the temperature.
- Use a fan instead of air conditioning when possible.
- Car insurance is costly. If you are comfortable and able, take the minimum available. Liability insurance only in some cases.
- Keep tires well inflated and oil changed regularly. This will save on gas.
- Don’t haul any unnecessary equipment. The more weight you haul, the more gas your car uses. Empty your trunk.
- Hand wash your car if you can. Car washes might seem cheap, but the costs can add up.
- Car pool. By all means if possible, catch a ride with neighbors or friends grocery shopping and the like.
- Walk or bike for shorter trips.
- Pack a lunch to take to work, rather than eating fast food.
- Dine in more often all together. You pay more at restaurants (You also leave a tip!).
- Buy the “store brand” or unbranded foods. They usually taste the same and cost less. If you must try a few at a time to test if the taste is ok with you.
- Check the newspapers and online for coupons! You don’t have to go extreme couponer on us, but if you can, why not?
- Cable. Cutting cable isn’t as bad as it seems. Especially with the illusion of deals that the “triple play” packages have. I cut my triple play to internet only and saved about $120.00 a month.
- Cut the house phone. As with cable, you can probably do without it. But only if you use a cell phone as most of the world does.
- Check your cell phone bill. Are you paying for unnecessary services? More data than you use?
- Cut back or cut out bad habits. Smoking, drinking, and the like.
- Do your own labor. Yard work and house cleaning. If you pay for these things, consider doing it yourself.
- Need your hair done or cut? Manicure, pedicure? Learn to do it yourself!
- Stop buying on credit! Every dollar you spend costs you more in the long run.
- Request a decrease in interest rates. Although it isn’t often approved, it doesn’t hurt to try.
Other Ways To Save
Do you have other ways that you’re cutting your expenses? Share them with us!