10 Ways to Save Money on Your Monthly Expenses

In the wake of recessions, job cuttings and rising unemployment rates and household expenses, the most important question on the minds of most  people is; What are the many ways to save money on monthly expenses?  The answer is not simple, though a little bit of behavioral change, can help you find a lot of ways to save  money on monthly expenses;  strengthening your finances. Here are 10 great ways, illustrating, some easy ways to save money on monthly expenses.

1. Phone and Internet Facilities, The First of 10 Ways to Save Money 

  •  Do not keep several phone lines at home when you can use a single cell phone to receive most of your calls.
  • For internet packages, follow the details offered by different service providers and select your package
    based on your monthly consumption or some other cost cutting measure.
  • Try to use a WiFi device to connect with multiple devices including tablets, cell phones, PC’s etc.
  • Use email and online chat to communicate with friends and associates to reduce costs on phone bills.

2. Coupon Codes 

Today you can find several legitimate sites flooded with lots of coupon codes, offering discounts, points to receive  free goodies, free shipping offers, and much more. Sources like Groupon, are great to receive coupons for groceries, clothing, restaurants, and many other purchases. I caution you to make sure you absolutely need and can afford the discounted item. In other words, don’t get caught in the trap of purchasing items, just for the discounts. 

3. DIY Methods 

Maid Services: Many people are busy, and therefore hire out home services. Some of the services are affordable, but some are not. One of the most common services hired on a regular basis is a  maid for cleaning services. You can place cleaning chores on a schedule and do your own household chores. This will require a bit of effort, but the weekly savings is substantial.
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Laundry Services: Do your own laundry. Some folks get so busy, they drop off laundry to have it done at a Laundry Mat. Do your own laundry, while you are watching TV or some other mundane activity. Dry cleaning is another story, some clothes must be dry cleaned.

You can apply DIY methods in a lot of areas of  household tasks;  including general household painting, sewing your clothes or curtains, decorating your home, making small fancy items such as bags or belts.  Always make sure you have conducted detailed research before implementing DIY projects.  There is qualified research all over google.

4. Electricity Bills 

Many people do not realize the importance of resorting to research, for saving money on electrical bills. If you are eager to know the many ways to save money on electrical bills, then here are a few tricks you can follow.

  •  While installing windows, always make sure they fit,  and the installer uses energy efficient windows. This allows for proper air passage in the summer, keeping the rooms cool in the morning and night, and you will save on air conditioning. During the winter you can keep the windows closed and let the light come in during the day, avoiding the use electrical lighting.
  • Some LED lights, chargers and appliances are available with solar panels that help you charge devices or energize light,  using solar energy. This will help you save money on electrical bills.
  • While purchasing electronic appliances, choose products with a five star rating that consumes minimal energy.
  • While using a water heater to warm up water for washing utensils, clothes, or bathing purposes, the maximum temperature required is 120 degrees. Lowering the temperature settings to this level helps to cut  cost on power usage. If you will be out of town for an extended period of time, you will definitely want to lower your hot water heater settings.
  • Always remember to turn off appliances when they are not in use, or switch off the lights when you are not in the room.

5. Use Rewards Credit Cards 

There is competition among the credit card providers that prompt them to offer cash back and discounts on the products purchased using your card. Hence, if you are shopping in a  mall, you will have to pay the full  price if you opt for cash/check payment methods. A credit card, used sparingly, can help you save up to 15% to 30% through discount offers. I caution those who have spending addictions, to use cash instead, so they will not overspend.

6. Reduce Cost of Fuel 

The fuel costs are rising with undue intensity. Expenses on gas for cars, homes, and other uses can be controlled, but with work. 

For saving money on cooking gas you can either use solar, if you have the panels, or use electrical kitchenware, such as a microwave or induction ovens to prepare food faster. Some municipalities offer a huge rebate for installing solar panels. In some cases the rebate pays for the installation and cost.

While traveling to your office, schools and regular grocery shopping to locations near your home, avoid taking your car. Use public transport facilities such as bus, train, tram etc. Alternatively, you can also establish a group of people who can travel in a single vehicle and share the fuel costs equally.

 7. Food Items 

You can save a lot of money controlling your expenses on daily food items.

Beverages: Avoid costly beverages at  coffee shops or restaurants. Opting for a simple cup of coffee over  a  Cappuccino, can save $3 per cup.

Office Lunch: Try to carry your lunch from home. This costs around $5-$20 everyday compared to the cost of preparing lunch at home can save you as much as $5-$10 per day.

Shop for Ingredients: Always purchase unpacked fresh fruits, vegetables, and unprepared food. They are cheap and healthy too. 

8. Clothes 

  •  Explore the opportunities to buy clothes during seasonal sales for greater discounts.
  • Do not purchase too many clothes for daily wear items that require dry cleaning.
  • While washing clothes use mild detergents, cold water, and avoid dryers. All of these will add to the longevity of your clothes.
  • Check your wardrobe before going out so that you purchase only necessary items. Save money by avoiding random and unplanned shopping, in other words — stay out of the stores, if you don’t absolutely need anything.

 9. Socializing 

Friends and relatives are of great importance to everyone. So sending gifts and messages on special occasions such as birthdays, marriages, christmas etc. is extremely important. Try to purchase combo packages that cost less. Wrap your own gifts, it is cheaper. While ordering gifts online, always take the “free shipping” option. Purchase less expensive items,  and use coupons to reduce costs during the holiday season shopping. Create a holiday budget, and shop from your budget.

 10. Entertainment 

[sociallocker] Every year people spend a whole lot of money on watching TV, movies, reading books etc. The expenses with monthly cable bills, can be far more expensive than watching free TV online. Be selective in watching new films and use coupon codes to receive discounts on movie ticket prices.
For watching old movies, visit free video libraries. You can also take a library membership for reading books for free.

While passing through financial crunches, people often wonder- what are the many ways to save money, on the necessay daily living items, while at the same time, taking care of themselves or their family. A little bit of budgeting and wise spending can help you save a lot of money without compromising the essentials or lifestyle pattern.[/sociallocker]

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Lois Center-Shabazz
author of, Live Rich Save Money! Budget Diary
Download “Budget Diary” Instantly  Now

author of, Live Rich Save Money! 68 Powerful Ways to Save Money, Now and Forever
Available Now at Amazon

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