20+ Costs to Cut When You Need to Save Money

Are you struggling to find more money every month? You may not have an income problem so much as an expense problem. While saving $1 here and there may not seem like much, it certainly adds u over time. Did you realize if you can cut $17/day over the course of a month, that you save you over $500 a month?

There are a multitude of ways that you can save money that you don't always think about. If you are looking at things to cut to save money, you first need to know where your money is going. Doing a review of the last few month's expenses is a great way to figure out where the holes are in your budget.
Most people's biggest hole was eating out. Not necessarily going out to eat, but grabbing convenience items. I was spending a few hundred dollars a moth grabbing a soda or bottled water here and there. Bottom line is that you need to know where your money is going so that you can focus on those areas in addition to trying to find extra ways to cut back.


Image result for things to cut to save money

Cutting monthly expenses- Where can I Save Money:



1. Takeaway Coffee
2. Eating Out
3. Netflix
4. Amazon Prime
5. Hulu
6. Cable
7. Subscription Inbox
8. Music Subscription like apple music
9. Expensive salon services- color your own hair
10. New clothing, Buy clothes at consignment
11. Apps
12. Cutting Your Landline
13. Skip lawn service - DIY
14. Interest Rates- Be on the lookout for balance transfer options
15. Generic baby diapers and wipes
16. Switch to LED Bulbs
17. Stop financing cars. Pay cash
18. If you need a getaway, consider a staycation
19. Turn A/C up during the day when out of the house. Consider a programmable thermostat
20. Buy your produce from farmer's market
21.High priced housing- Consider downsizing
22. Double check your bills and be on the lookout for promotions.

Comments

Post a Comment

Popular posts from this blog

How To Become An Aggressive Saver

Image
How do you start Aggressively Saving? That may be a new and very scary concept for most people, but with a clear cut plan, it can be eye opening and necessary. If you want to be able to save more, there are three choices: 1. Spend Less Money 2. Earn More Money 3. Some Combination of the Two To aggressive start saving, you MUST cut spending. There are so many ways to start achieving that goal. Here are some to get you going on the right path.  Conduct a spending audit with your personal/miscellaneous expenses.   I think most people have a good idea of how much they spend on food, shelter, transportation, and clothing but have no idea just how much they are spending on everything else.  A great place to find low hanging fruit is by conducting a spending audit on the places you like to go and the things you like to do.  From expensive hobbies, traveling, entertainment and gifts, these types of places where we spend money can add up very quickly.  Am I sayi...
Read more

My Top 10 Money Saving Tips

Image
My Top 10 Money Saving Tips 1. Open up a high-interest savings account. 2. Set up automatic withdrawals from your checking to your saving account after payday. 3. When it’s time to fill up your gas tank, check out  GasBuddy  first for the best deals.. 4. Have a rainy day fund that has one to two month’s worth of expenses saved up. 5. Have a longer-term emergency fund of three to six month’s worth of expenses. 6. Negotiate your Internet, phone and cable bills to lower your costs. 7. Save money by paying premiums annually instead of month to month. 8. Use any windfalls of cash from a tax refund, birthday gift, or work raise to pad your savings account. 9. Batch cook your meals on the weekend so you’re prepared for the week ahead. 10. Consider walking, biking, or taking the bus to save money on transportation.
Read more

4 Money Moves To Make In Uncertain Times

Image
As we are in the middle of a world-wide pandemic, many things seem uncertain. The outbreak of COVID-19, constantly changing behavior expectations to attempt to contain the virus (when will schools and offices re-open?), and intense market volatility it’s no surprise that many of us are feeling that way.  .  Unemployment rates are the highest they’ve been …ever.  Millions of people are unemployed and have no foreseeable outlook on the future as of right now. Many people are getting laid off or having reduced hours at work in order to try to control the virus. We are in uncertain times and this scares lots of people. It honestly scares me. You want to try to control every aspect of your budget especially at these times because you don't know how much longer we will be going through this. It seems almost unimaginable that things have gotten this far and this is the world that we are currently living in. In 2020 it seems almost incomprehensible that this has happened and we a...
Read more