Top Ways to Cut Back on Household Expenses
Living paycheck to paycheck has pretty much become the norm for me, and I know I’m not alone in this struggle. It seems like more people than ever are just trying to get by on what little they make nowadays, looking for ways to stretch their dollar further.
For me I have found that making a few changes in my life and my spending habits where household expenses are concerned has really helped to turn things around. While I wouldn’t exactly say I’m swimming in extra money, I certainly feel less stretched at the end of the month. Here’s a look at the tips I found to be the most helpful.
Start Eating at Home
It’s amazing how fast you go through money when you are eating out on a regular basis. I would start the day with breakfast at home, but then I’d grab a coffee mid-morning, go out for lunch, then get takeout or eat at a restaurant for dinner at least a few times a week.
Out of curiosity I kept all my receipts for dining out and takeout for a whole month to see how much I was spending. The total not only shocked me but left me a little disgusted. We’re talking about hundreds of dollars spent just on food! I’ve found that by planning meals in advance, creating a grocery list based on those meals, and then sticking to the list I am saving a ton of money each month all while eating healthier.
Take a Look at Your Car Expenses
While a car may be a necessity in your life, there are ways you can cut back here. Think about downsizing to a cheaper car, and take a close look at your insurance. I took advantage of very cheap car insurance with no deposit required, which again has saved me a fair amount of money. I also like to plan out my journeys a lot smarter now so I’m not wasting gas driving around in circles.
Go Green and Opt for Energy Saving Items
We all know there is a huge push to go green and make energy efficient choices nowadays, and the great thing is that these usually result in money savings. This includes things such as low flow showerheads and toilets, energy efficient lightbulbs, and energy star rated appliances.
The thing to keep in mind about cutting back on household expenses is that every little bit counts, so the more you can do, the more savings you’ll incur.