Cost Savings IdeasIt seems like almost daily we receive a bill in the mail that needs paid. Or are you one of the lucky few that has your bills setup to automatically? Nonetheless, our daily lives are full of expenses and there are times they can become overwhelming. Do you need some help figuring out how you an lower your expenses? Try these ten cost saving ideas for lowering your monthly expenses.

1. Reduce Monthly Subscriptions

This can be anything from digital magazine subscriptions to a gym membership to Amazon Prime. If you use it that is one thing, but I found myself paying several $5 – $20 expenses each month for services that I was not even using. Periodically, I will review and cancel what is not being used.

2. Reduce Your Cable Bill

Review the channels you are paying for and the channels you are using. Are you using all the channels you are paying for? Could you eliminate premium channels? There are now services, such as Sling TV that will allow you to pay by the channel. People are also saving money by opting not to have cable at all and subscribing to Netflix, Amazon Prime, Roku and Hulu just to name a few. Shop around each year to see if you can get the same cable package from another cable company at a lower price.

3. Reduce Utility Bills

Turn your heat down a degree or two and your air conditioner up a degree or two. Keep doors and windows closed or open as necessary to keep the temperature comfortable without running the air conditioner or furnace.

There are many ways to conserve water. Turn the water off while you are brushing your teeth. Install water saving equipment on your showers and toilets.

Turn lights and electronics off when not in use. Turn power strips off when the items are not in use. Just look around your house and see what is consuming energy unnecessarily. Anything you can turn off will save you money over time. Challenge yourself to save on your monthly utilities.

4. Meal Planning

Planning meals will not only make you more efficient when it comes to shopping for ingredients, it will allow you to prepare meals in bulk that can be frozen for future meals or devoured later in the week as leftovers.

5. Shop With A List

In addition to shopping to ensuring that you have all the ingredients you need to prepare your meals, a list will help cut down on impulse buys.

6. Shop Cell Phone Plans

There is lots of competition in the cellphone world. There are many carriers with numerous plan choices. If you are happy with the carrier you have, check your plan periodically. Many times, you can get more for less than you are paying if you have had the same plan for several months. Make sure you are not paying for more than what you are using.

7. Shop Cell Phones

Cell phones can range in price from $0 to over $1,000. Do you really need the latest iPhone the day it comes out or are you willing to take a phone that might be an older model that is being sold very inexpensively (or given away) to make room for the new model?

8. Shop for Car Insurance

Get quotes each year to make sure you are getting a competitive price for policy. Increase your deductible. If you do not file claims regularly, you will save money by paying less each for a higher deductible policy. If you can afford it, paying your insurance semiannually or annually, will cost you less than paying monthly.

9. Limit Personal Care Expenses

Personal care is another thing that can suck your cash. Mani/pedis, acrylic nails expensive hair treatments can add up very quickly. I am not saying that you need to eliminate it all, but if there is room to cut expenses here, you should.

10. Shop for Clothing on a Budget

We all need clothes, but it does not have to be designer. I know people that make a game out of buying high-end designer clothes at the thrift store. Use coupons/discounts and buy on sale.

If you look at your monthly expenses, you should be able to find several opportunities to save money. If you could keep more of your hard-earned money in your pocket, why wouldn’t you? Challenge yourself to reduce your household expenses by 10%. It is possible!

Follow these simple cost savings ideas to save big #howtosavemoney
Follow these simple cost savings strategies to save big #howtosavemoney
Follow these simple cost reduction ideas to save big #howtosavemoney
Follow these simple expense reduction ideas to save big #howtosavemoney
Follow these simple money saving tips to save big #howtosavemoney
Follow these simple home cost saving ideas to save big #howtosavemoney