11 Easy Tips For Cutting Your Monthly Expenses

Having to come up with the money for monthly expenses always seems to weigh so heavily on most of us that it can be hard to relax. Every day that goes by thinking what bill is due next and how much it’s going to cost.

With that in mind, we have come up with 11 simple tips and tricks to make your financial life better. Using just a few of these will help to put more money back into your pocket and give me the peace of mind that your family can live comfortably in these very expensive times.

1. Pay Less For Your Cell Phone

This one is easier than you think. Most carriers are constantly competing to steal each other’s customers and you can use that to your advantage.

After you figured out what kind of plan you need so you are don’t get hit with overage charges(Texts and Data). Shop around and see who can give you what you need for the price that fits your budget. You’ll probably discover a better deal at one of the smaller, lesser-known carriers. Most of them have some link to the “big guys” and use their cellular towers for your phone signal anyway. So chances are, you’re still going to get pretty great coverage—but at a fraction of the cost.

Just make sure you do your research. Ask around. Read reviews. And don’t sign up with a lousy carrier.

Not ready to switch carriers? Here are a few quick tips.

  • Limit Your Background Data Use

  • Even if you don’t use 4G/LTE service when you’re out and about, your apps might still be using it in the background! Make sure you close all the apps you are not using.

  • Negotiate A Better Rate With Current Provider

  • Call your provider and see if you can work out a rate that works better for you. You may have to cut some of the features you didn’t even know you were paying for. (You probably pay for 411 and don’t even know it)

    2. Homeowner? Use This Program Government To Lower Your Mortgage Payment By $3252/Year

    If you’re a homeowner, your mortgage is likely the largest bill you have every month. This program will help you cut down your payment.

    The Government Program called Freddie Mac Enhanced Relief Refinance Program (FMERR) benefits millions of Americans and reduce their payments by as much as $3,252 per year. You can bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out about the program before it expires.

    So while the banks happily wait for this program to end, the Government is making a final push and urging homeowners to take advantage. This program is currently active but could be shut down at any given time. The good news is that once you’re in, you’re in.

    So if reducing your payments by $271/month, paying off your mortgage faster, or even taking some cash out would help you, it’s important to check your eligibility here. Checking your eligibility is quick and completely free!

    3. Cut Out The Little Things

    This is something that we are all guilty of (I know I am). Making small cuts in your daily spending can really help you save.

    Start skipping all the little things. Coffee on the go, a quick snack from the vending machine, a pack of gum when you to stop to get gas. All these little purchases might seem harmless at the time but over the course of a month, they can make a huge difference. Here is the math, $5 over 30 days puts an extra $150 dollars back in your pocket. If you do that over a year the number balloons to $1800. Imagine what you could do with that. Start a savings account, take a vacation or pay off some debt. Don’t make yourself crazy about not spending money on simple items but just be aware of them and try to skip the ones you really don’t need. You will start seeing the money add up in your account quickly.

    4. Lower Your Auto Insurance Bill.

    Here’s what auto insurance companies don’t want you to know…and with little of research we were able to uncover:

    If you’re paying more than $63 per month for auto insurance, this auto insurance comparison tool can help you check to see if you’re overpaying in a few minutes. This is something every driver should be doing every 6 months or so to ensure that they are getting the best deal.

    Insurance companies are always competing to win your business, but if you turn a blind eye and keep the same policy in place for a long period of time, your rates have probably increased. By checking rates, you will save an average of $531 per year with a new policy.

    So do yourself a favor and do a quick comparison by filling out a short form (about 4 minutes). This is a fast way you can start saving on your auto bills and add additional money to your pocket every month.

    5. Save Money On Food Costs

    This one his a big culprit for most households and can really add up over time. There are a couple of things you can do to make this real easy.

  • Eat Whats In Your Fridge
  • Convenience is the what drives most of to eat out. Busy days at work and running around with the kids makes everyone tired and its a lot easier to pick up a pizza on the way home than to cook. Take that into consideration when you are at the store. Buy food that does not take a lot of time to prep and can be prepared in a few minutes if need be. A great tool is a crockpot. Most recipes are easy to follow and can be prepared in large quantities without a lot of prep work.

  • Clean Out The Cabinets

  • Sending some time getting organized will make it really easy to see what you have in the house and what you need more of. Don’t buy what you don’t need. Spend 1 hour on a weekend and do some work organizing and throwing out expired food in your fridge and cabinets. The processes will help you realize how much you have wasted and will stop you from buying what you don’t need.

  • Never Shop On An Empty Stomach

  • Shopping on an empty stomach tends to lead to impulse buys and unnecessary stocking up. Have a quick snack before heading to the store and you will see how much less you come home with.

  • Make a Game Plan

  • Create a list of what you need before you head to the store. This will help you from spending money on the items you don’t really need.

  • Always Join Your Local Grocery Stores Rewards Program

  • These programs are amazing for saving when shopping. If you don’t already use these programs they are a must. If your local shop doesn’t offer any here is list of 30 national chains that do. See if there is one close to you.

  • Need a night out? Look For Restaurants That Offer Deals
  • We know that cooking at home every night is can be really hard. Sometimes there are just enough hours in the day. When needing a night off or want to celebrate something special look for restaurants that offer a deal. Doing a simple search will bring back all the information you need to see who is offering any kind of deal in your area.

    6. Pay Less For Medical Expenses

    Things happen and you can’t predict when you or someone in your family will need to see a doctor. That doesn’t mean it has to set you back financially. Most doctors visits are costly but you can help lessen the cost by following a few of these helpful tips.

    Billing departments, doctors, and health care facilities may be open to negotiation, especially if you offer to do something that will make their work easier.

    Ask if you can get a discount for paying in advance if you have a procedure coming up at a future date.
    Ask if they have a policy where they can allow a discount for paying cash.
    Speak to your doctor about your healthcare concerns if you have a high deductible or other issues, the doctor may take your finances into consideration and reduce fees.
    Every cent helps when you are looking to save money. Be sure and explore these options and make these questions part of your criteria for deciding which health services providers can give you the greatest financial advantages while you are in their care.

    7. Make Your Home More Energy Efficient

    Next to your mortgage or rent your energy bill is usually the second most expensive bill in the house. Taking these simple steps will help you cut that bill down big time.

  • Switch out old light bulbs for more energy-efficient CFL OR LED bulbs

  • Thanks to recent technology advancements these bulbs are inexpensive and can save you about half the energy usage of conventional bulbs.

  • Unplug Electronics and Appliances

  • Even when turned off they are still using small amounts of energy. Over time that can add up. Unplugging will really save you money in the long run.

  • Heating And Cooling

  • Make sure that your home thermostat is functioning properly. Turn the heat down when you leave the house in the winter and turn the A/C off when no one is home in the summertime. Heating and cool are the biggest consumers of energy in your home and you can really cut your bill if you stick to making sure that you are not heating or cooling an empty house.

  • Lower The Temperature on Your Water Heater Down To 120 Degrees Fahrenheit

  • This is the optimum temperature for your water heater. Most people don’t use water hotter than 120 degrees. So the energy needed to keep the water above 120 degrees isn’t used effectively.

    Do these four simple things and watch your energy bill start to drop.

    8. Take Control Of Your Debt.

    The cost of living in the United States has only gone up over the last 20 years, more adults are struggling with financial debt than ever before. This program is something you won’t hear about from your credit card company.

    If you owe more than $15,000 in credit card debt can use this debt relief program to reduce the amount of money they owe to creditors. The program helps resolve debt without loans and could make you debt-free in just 24 – 60 months.

    So if you struggling $15,000 or more in credit card or personal loan debt, then use the link below to reduce your debt.

    9. Lose The Monthly Subscriptions

    Nowadays it’s hard to find one person who doesn’t have at least one type of monthly subscription. Gym membership, Amazon Prime, video/music streaming services and even beauty products.
    These small monthly charges add up over a year and are really making small dents in your checking account.

    Review all your subscriptions and cut all but the ones you use the most frequently. Even if you only end up shedding $20 bucks a month over the course of the year that adds up to $240at the end of the year.

    10. Shop Where The Sales Are Always On

    Finding a great deal isn’t that hard if you know where to look. These major brands offer great value and are rarely not on sale. Make sure to price match between brands that offer similar products and you will rarely have to sacrifice quality in order to get the best price. Here are top brands that offer great value and are constantly offering a discount.

  • Macy’s
  • Old Navy
  • Anthrpologie
  • J.Crew
  • Nordstrom
  • CVS
  • Walgreens
  • Bed Bath & Beyond
  • Kohl’s
  • Target
  • 11. Protect Your Family For Life

    This one doesn’t save you money but this should be part of any strong financial plan. Protecting your family should the worse happen is something that should never be overlooked. Have complete peace of mind that they will be taken care of no matter what.

    Most people don’t have savings large enough for their family to pay off their mortgage, cover childcare costs and ensure their children get a good education, never mind ensuring your loved ones don’t inherit your debts.

    Life insurance does not have to be expensive. Here is a way to get a very cheap life insurance policy. You need to compare quotes from multiple insurance companies. This amazing website does that for you, and the best part is it’s totally free! The site will run your information through their technology to automatically find the best life insurance policies available at the lowest possible price. You could end up saving up to 70% on life insurance!

    No medical check and instant approval policies are also available.

    Extra Savings: More Energy Efficient Windows & Doors

    This will add huge savings for existing homeowners. Besides making the small changes we mentioned above, if you are looking to make your home even more energy efficient then you should consider investing in new windows and doors. Not only will replacing the old window and doors in your home lower your utility bill by 40% per month but it will increase the overall value of your home. This is a slam dunk when it comes to putting more money in your pocket. We found that getting multiple quotes for the best price can be hard. Use this website to compare rates from top brands. You may also qualify to save $100s in seasonal discounts from manufacturers like Pella, Champion, and Andersen.