We seem to be in a never-ending vortex of “everything is expensive, and I’m forced to buy it anyway” kind of world. Who remembers when gas was nowhere near the current price? Everything was so much cheaper than it is now. With rent and mortgages skyrocketing far away into the galaxy—headed straight toward a black hole destined never to return, believe it or not — there are ways to gut-punch the system. Here are a few tips on how to reduce living expenses. In particular, we’ll focus on how to reduce household expenses and save a little money along the way.
How To Cut Down Household Expenses
Here are areas around the house that, when worked on, could save you a few dollars:
Cable
Cable is typically the first target area when working on how to reduce living expenses. How much TV are you watching if you work all day? I know, I know … it just feels better because it’s there. Question: Do your pockets feel better? If not, maybe you could find a better option. Time.com recommends calling your cable provider’s retention department and negotiating a deal if you’ve been a long-time customer. If that doesn’t work, choose another company offering a good bundle package. Some excellent inexpensive choices are:
- Verizon Fios – TV, Internet, and Phone
- TV Only: 135+ channels 25+ in HD
- Time Warner Cable – 20 premium channels plus HBO
- Cox Communications – 155 channels
Since on-demand internet streaming is the future of television, why not start early? Netflix and Hulu exclusively streamed shows which have been a hit with critics and audiences. Netflix and Hulu Plus subscription fees are low and Amazon Prime’s yearly subscription is also an option.
Groceries
Coupons! Go on the store’s website and ask a store associate when things go on sale. Make sure you keep the essentials stocked in your pantry to prevent having to spend at the last minute. Don’t forget to go into the store knowing what you want to get. Everyone can relate to spending money on things you want, not what you necessarily need. Also, read online or ask family and friends for grocery shopping tips that help them reduce household expenses and figure out how to incorporate some of them in your spending.
Cleaning Supplies
Buying cleaning supplies is another large spending area for many households, and it’s a great idea to focus on it when figuring out how to reduce your living expenses. While major stores like Wal-Mart, Target, and Safeway may have a superb selection of cleaning supplies, other stores offer some of the same brands for a much cheaper price. Dollar Tree! If you choose, it’s the best store to get everything you need in bulk for a few bucks. Even more rewarding is walking out of the store without buyer’s remorse.
If you would rather shop at your store of choice, search relentlessly for coupons. Target has a free app you can download where you select an offer, show the mobile barcode at the checkout counter, and be on your way. Isn’t that easy and cool?
Water
It is so easy to waste water. Have you ever brushed your teeth and kept the water running? It may sound minuscule, but those moments add up, and you will ultimately see it on your bill. Being cognizant of how you use water can decrease your electricity costs. Another tip for how to reduce living expenses is to ask everyone in your household to minimize their water usage.
Electricity
And speaking of electricity, since we posted an entire blog on lowering your electric bill—we will shoot you a quick list of tips as follows:
- Use energy-efficient bulbs
- Wash clothes in cold water
- Unplug all electronics
- Program your thermostat | Purchase a programmable thermostat
These tips should lower your power consumption and save you money. Try them!
Home Improvements and Repairs
DIY is a great way to save money. Why pay hundreds of dollars to a repairman when you can do it yourself? Endeavor to do most of these things yourself, and you’ll see how they will significantly reduce your household expenses, and it’s easy to figure out.
If you need some “Know-How,” head over to Home Depot. They host FREE workshops that will equip you with the skills to tackle any project. They even have workshops for kids!
Get a Loan To Get You Started!
Reducing living expenses isn’t as scary as it might seem; there are lots of ways of how-to save here and there! But, before saving, you could get a loan to repay any pending bills and debts so that you can now truly focus on saving money. Apply for an easy and quick Minute Loan Center loan and get the cash you need to shift into a money-saving mode. Open your account, and if you need help or more information about our loans, contact us.
Kevin brings over 15 years of experience in marketing, with a specialized expertise in growing online businesses. As the Director of Marketing at a leading FINtech company, he employs innovative strategies to enhance brand visibility and customer engagement. Kevin’s passion lies at the intersection of technology and finance, where he pioneers solutions that not only meet but exceed consumer expectations. His commitment to leveraging his expertise ensures impactful results and the building of lasting relationships in the digital landscape.
