Top 50 Ways to Save Money on Monthly Expenses.
Is your personal finance hurting you with monthly household expenses mounting painfully? You’ve probably gone through all the traditional money saving tips and do’s and don’ts for what’s the best way to save money.
Today, I’m listing a bunch of easy (though bizarre) ways of cutting back on your household expenses. There’s a lot of advice out on the Internet for monthly savings plan, like turning off the television; sign up for free rewards programs, make a shopping list, cut out your coffee shop visits and so on and so forth.
If you’ve already made all these basic changes to reduce your household bills, here are some frugal tips that simply rock and could turn your financial position around. All it takes is the first step.
The top 50 ways to save money on monthly expenses are not life changing steps, but they can make a difference with time. If you are looking for simple and easy ‘budget my money tips’, look no further.
Not all of them might be suitable for you, so just go through them and find the ones that you could apply, to save money on your monthly expenses.
50 Best Ways to Save Money on Your Monthly Expenses
#1. Dump the Cable – Great Ways to Save Money on Bills
Average cable bills could cost around $103 per month. Even if you pay less, it comes to a hefty amount. It sounds great theoretically and is great practically too, if you take the right way.
People are taking to cord cutting in a big way these days. Instead, opt for a Netflix or an Amazon Prime subscription below $10 for a month.
#2. Downgrade your Broadband Service – No Need for Speed
Just think about it when you ask ‘how to save my money’. Do you really need a 100 Mbps speed? It can take a big bite out of your monthly budget. Don’t pay for more than what you really need. If you are just a light user, opt for downgrading to a cheaper service.
Make up for the lower speed with these tricks:
- Update your software for a monthly saver.
- Upgrade the router.
- Put a password on your router so that others don’t use it.
- Use Ethernet cables instead of wireless connections for your PC.
#3. Downsize to a Smaller Home to Reduce House Expenses
You could save thousands of dollars a year by living in a smaller home. You can still maintain the same lifestyle. It lowers costs in every way. Even if you move from a 3000 sq. ft. home to a 2500 one, it could make a huge difference to your bank account. You save on:
- Energy bills
- Mortgage payments
- Cheaper location
- Get rid of the clutter, as it is a tried and tested method to save money monthly
(Incidentally, I made more than $500 with a garage sale from the huge clutter, when I moved from Chicago to Fayetteville, AR)
#4. Give Up your Mobile Phone to Lower your Bills
How can I save money each month? Look into options for VoIP providers say Vonage. Alternatively, you can also opt for smartphones with pay as you go options. For instance, use Tracfone to save money.
How about Google Voice? You can make calls from your desktop and send texts.
#5. Clean Out the Closet
If you’re asking ‘help me budget my money’, convert an overflowing closet into an overflowing wallet. You’ll probably find those pair of blue pants that were missing the past few months. You’ll save money that would have gone towards buying clothes that you already have.
Another benefit of closet recycling is that you can resell excess attire online through an online consignment shop.
#6. Drink a Lot of Water
Now that’s what you’d call a totally bizarre idea to save money. Hear me out. You drink more water just before having a meal. You stay fuller and eat less. Bingo! You save on food bills and also feel hydrated and stay healthy in the long run.
No more weight loss programs for you. And yes, while we’re at it, no bottled water please. Remember we’re being stringent here, tap water is totally free and also clean.
#7. How to Budget your Money? Reduce the Commute
Try to move somewhere closer to your job to lower your bills. It would be great if you could just walk to your office, offering the best way to save money. Alternatively, you can bike to work or use mass transit. The savings on time also could help you make more money. You could opt for an online gig to make some extra money in the time saved.
Let’s say you commute for three hours a day. Moving to a one hour commute could save 522 hours in a year (2 hours saved everyday for the 261 working days). Make use of a monthly savings calculator to see exactly how much you can save.
Also beneficial for helping me budget my money. Instead, opt for using old grocery bags, maps, or newspapers to save money easily.
Check out inexpensive DIY gift ideas from online sites.
#20. Saving Pennies
Save the pennies and the pounds will look after themselves.
I know someone who just throws away pennies and never picks up change while shopping. Seriously, who would ever do that? My mom used to pick up every penny she saw, adding up to $10 a month. Pick up every penny you see and see how it adds up over a year.
#21. Buy Generic
According to Consumer Reports, Americans are still skeptical of generic items. On average, preschoolers view about 642 ads for breakfast cereal brands. Generic options in this category cost around 25 to 50% less without compromising on taste or ingredients.
Consider refilling a branded box with a generic one if your kids are unwilling to switch brands. It’s a smart way to save money.
#22. Don’t Leave Lights on to Save your Money
When we were young, our parents were adamant about switching off lights when leaving a room. Take a minute to walk through your house and ensure all lights are off before going out. It’s a great money-saving habit.
#23. Shop at Thrift Stores
Celebrities like Sarah Jessica Parker have made headlines for shopping at thrift stores. You can find designer brands at half the price, making it a fast way to save money.
#24. How to Save Money Effectively? Give up your Gym Membership
If you don’t use the gym often, consider canceling your membership and opting for natural exercise methods like walking, jogging, and basic workouts at home. It’s a cost-effective way to stay fit.
#25. Pack your Lunch
Prepare your own lunch to save thousands of dollars a year. Making your lunch may require more effort, but it’s a proven way to cut expenses.
#26. Go to Bed Early
Going to bed early and waking up earlier can help you maximize natural daylight and save on electricity costs.
#27. Unsubscribe from Junk Mail
Avoid tempting retailer emails and junk mail by unsubscribing and reducing clutter. This can prevent unnecessary spending on promotions.
#28. Washing your Hair
Wash your hair less frequently to save on shampoo and promote healthier hair. Your hair will adjust to the new routine over time.
#29. Eating Raw
Eat more salads and raw vegetables to reduce meat consumption and save money. Try having meatless meals a few times a week to cut costs and energy usage.
#30. Recycle for Top Ways to Save Money
- Sell unwanted clothes for cash or repurpose them.
- Turn old curtains and towels into bags or cushion covers.
- Buy second-hand clothes from charity shops or online platforms.
- Reuse items like jam jars and grocery bags.
#31. Avoid the Convenience Store
Avoid convenience stores to prevent unnecessary spending and save money in the long run. Avoiding it can help you break a lot of bad habits, such as indulging in candy or cigarettes. Additionally, the mark-ups on convenience items are exorbitant, leading you to pay double for groceries. While you can still treat yourself to the occasional slurpee or candy bar, making a habit of it is detrimental to both your health and your wallet. Remember to turn off your cable set top box when not in use to save energy. Instead of constantly plugging and unplugging devices, use a power strip to easily power them all off at once. This includes your PC, laptops, television sets, modems, stereos, coffeemakers, toasters, iPhones, and more. Please wait for a moment as we load the content.
Here are 50 unusual ways to save money on your monthly bills. You can read the full article at https://www.emoneyindeed.com/50-unusual-ways-to-save-money/.
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Author Bio:
Gaurav Jain is a full-time affiliate marketer since 2007. He started the eMoneyIndeed.Com blog to help people save and make money online. His blog covers topics like blogging, online marketing, web hosting, SEO, affiliate marketing, startups, social media, and email marketing. Enjoy reading the posts on eMoneyIndeed.com.
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