10 Ways to Save Money on Your Monthly Expenses


 
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When it comes down to it, your utilities and other monthly expenses probably eat up the majority of your monthly income. Am I right? I know at our house, even though we budget, it’s always a surprise to me how much we spend on expenses like utilities, gasoline, and other costs each month when it’s time to make all the payments. So, I’ve come up with a way to “beat the system,” so to speak. Want to learn how to save money every month? I know you do, so check out these tips to help you save money on all of your monthly expenses!  Spend Less and Save More on Your Expenses Every Month  Okay, so let’s get one thing straight. I’m not encouraging you to not pay your bills or to implement any strategies that are a “loophole” in the system to get out of paying more. What I do have for you, though, is a few practices you can enforce in your home to save money on your monthly expenses, specifically your utility bills. If you use these strategies, I promise you’ll see a drop in your monthly expenses. When we first started using them, our electric bill alone dropped by nearly $75! (Sign me up for saving nearly $100 every month!) Are you ready to save money on your expenses every month? Here is what you need to do:  1. Unplug Unused Appliances  I know this sounds like a pain, but this alone was one of the biggest factors that helped us save. If you don’t want to have to unplug multiple cords daily, invest in a few surge protectors with multiple outlets, so that all you have to do is turn off and unplug one cord for several appliances. The savings here is on residual energy use. Even when things like your television, computer, washer and dryer…are not in use, they pull electricity. Unplug them, and watch the savings add up!  2. Install a Programmable Thermostat  Programming your thermostat is another great way to save. Set the temperature in your home so the heat/air runs less while you are not home, and then activates when you get home or slightly before so you can always enjoy a comfortable temperature but still save money.  3. Set Your Thermostat 1-2 Degrees Lower  Okay, so I know we all have our temperature where we are comfortable, but think about it. According to Energy Savers, you can save anywhere from 1 to 3 percent on your monthly and yearly heating and cooling bill by setting your thermostat just 1 to 2 degrees lower. Want to save even more? Try setting your thermostat 5 degrees lower for a period of 8 hours or more, like when you are sleeping.  4. Add Curtains and Rugs to Your Décor  So, yes, this one costs extra on the upfront investment, but I promise it will save money in the long run. How? Curtains and rugs add insulation to any room. We have huge windows on all of our outward facing rooms, so we invested in some heavy duty curtains to cover all of the windows, and the difference was remarkable. Again the savings here is on your monthly and yearly heating and cooling costs. For us, we’ve even been able to get away with not running our air on even relatively warm days and setting our heat much lower than we would otherwise. It all adds up, and insulation makes a huge difference.  5. Turn Off the Lights  That’s right! Just turn off a few lights. Get in the habit of turning off the lights in any room whenever you exit, and you’ll see the savings add up.  6. Install New Lightbulbs  This is another one that will take some investment upfront but will save you money in the long run. By switching your 5 most frequently used fixtures to bulbs with the Energy Star rating, you could save at least $75 a year.  7. Set Your Water Heater Lower  Want to add additional savings to your heating bill? Think about your water temperature. By setting your water heater lower, you’ll save on heating costs, and you’ll make your family safer. We recently made this change, and I’m so glad we did. Previously the water in our kitchen sink was hot enough to scald you if you weren’t careful. I’m excited to see how these savings add up!  8. Consolidate Outings  Another one of our big monthly expenses is gasoline for our vehicles. One way we’ve been saving recently is by consolidating trips. Instead of heading home and then going back out to go grocery shopping or to an evening event, we head to the closest grocery store to our place of work and then take the most direct route to our evening activity. By consolidating our trips, we save gas and money. It takes a little planning, but you can definitely build in some gasoline savings by condensing your car trips.  9. Cut Back Your Water Consumption  There are tons of ways you can save on your water usage each month! Try incorporating a couple ideas, and see how much money you save each month. A few of my favorites include installing a low-flow showerhead, turning the water off while brushing your teeth, placing a water bottle or jar filled with sand in your toilet tank, and using the lowest appropriate water setting when you’re doing laundry.  10. Eliminate Monthly Subscriptions  Before you blow the whistle on me, I’m not suggesting that you eliminate everything. However, I would suggest eliminating a landline in your home if you have cell service that works at home. This is a change that can save you upwards of $50 each month. We’ve also eliminated cable and opt for a basic Netflix subscription instead. This change alone saves us close to $100 each month! What could you do with an extra hundred bucks each month?  If you are working on becoming more frugal and saving money, give these tips a try. I promise you’ll be able to add up some great savings every month! Get rid of the excuse that you don’t know how to save money on your monthly expenses and start saving!  Do you have any other suggestions on how to save money each month? How do you cut down on your monthly expenses?When it comes down to it, your utilities and other monthly expenses probably eat up the majority of your monthly income. Am I right? I know at our house, even though we budget, it’s always a surprise to me how much we spend on expenses like utilities, gasoline, and other costs each month when it’s time to make all the payments. So, I’ve come up with a way to “beat the system,” so to speak. Want to learn how to save money every month? I know you do, so check out these easy ways to save money on all of your monthly expenses!

Spend Less and Save More on Your Expenses Every Month

Okay, so let’s get one thing straight. I’m not encouraging you to not pay your bills or to implement any strategies that are a “loophole” in the system to get out of paying more. What I do have for you, though, is a few practices you can enforce in your home to save money on your monthly expenses, specifically your utility bills. If you use these strategies, I promise you’ll see a drop in your monthly expenses. When we first started using them, our electric bill alone dropped by nearly $75! (Sign me up for saving nearly $100 every month!) Are you ready to save money on your expenses every month? Here is what you need to do:

1. Unplug Unused Appliances

I know this sounds like a pain, but this alone was one of the biggest factors that helped us save. If you don’t want to have to unplug multiple cords daily, invest in a few surge protectors with multiple outlets, so that all you have to do is turn off and unplug one cord for several appliances. The savings here is on residual energy use. Even when things like your television, computer, washer and dryer…are not in use, they pull electricity. Unplug them, and watch the savings add up!

2. Install a Programmable Thermostat

Programming your thermostat is one of the best ways to save money each month. Set the temperature in your home so the heat/air runs less while you are not home, and then activates when you get home or slightly before so you can always enjoy a comfortable temperature but still save money.

3. Set Your Thermostat 1-2 Degrees Lower

Okay, so I know we all have our temperature where we are comfortable, but think about it. According to Energy Savers, you can save anywhere from 1 to 3 percent on your monthly and yearly heating and cooling bill by setting your thermostat just 1 to 2 degrees lower. Want to save even more? Try setting your thermostat 5 degrees lower for a period of 8 hours or more, like when you are sleeping.

4. Add Curtains and Rugs to Your Décor

So, yes, this one costs extra on the upfront investment, but I promise it will save money in the long run. How? Curtains and rugs add insulation to any room. We have huge windows on all of our outward facing rooms, so we invested in some heavy duty curtains to cover all of the windows, and the difference was remarkable. Again the savings here is on your monthly and yearly heating and cooling costs. For us, we’ve even been able to get away with not running our air on even relatively warm days and setting our heat much lower than we would otherwise. It all adds up, and insulation makes a huge difference.

5. Turn Off the Lights

That’s right! Just turn off a few lights. Get in the habit of turning off the lights in any room whenever you exit, and you’ll see the savings add up.

6. Install New Lightbulbs

This is another one that will take some investment upfront but will save you money in the long run. By switching your 5 most frequently used fixtures to bulbs with the Energy Star rating, you could save at least $75 a year.

7. Set Your Water Heater Lower

Want to add additional savings to your heating bill? Think about your water temperature. By setting your water heater lower, you’ll save on heating costs, and you’ll make your family safer. We recently made this change, and I’m so glad we did. Previously the water in our kitchen sink was hot enough to scald you if you weren’t careful. I’m excited to see how these savings add up!

8. Consolidate Outings

Another one of our big monthly expenses is gasoline for our vehicles. One way we’ve been saving recently is by consolidating trips. Instead of heading home and then going back out to go grocery shopping or to an evening event, we head to the closest grocery store to our place of work and then take the most direct route to our evening activity. By consolidating our trips, we save gas and money. It takes a little planning, but you can definitely build in some gasoline savings by condensing your car trips.

9. Cut Back Your Water Consumption

There are tons of ways you can save on your water usage each month! Try incorporating a couple ideas, and see how much money you save each month. A few of my favorites include installing a low-flow showerhead, turning the water off while brushing your teeth, placing a water bottle or jar filled with sand in your toilet tank, and using the lowest appropriate water setting when you’re doing laundry.

10. Eliminate Monthly Subscriptions

Before you blow the whistle on me, I’m not suggesting that you eliminate everything. However, I would suggest eliminating a landline in your home if you have cell service that works at home. This is a change that can save you upwards of $50 each month. We’ve also eliminated cable and opt for a basic Netflix subscription instead. This change alone saves us close to $100 each month! What could you do with an extra hundred bucks each month?

If you are working on becoming more frugal and saving money, give these tips a try. I promise you’ll be able to add up some great savings every month! Get rid of the excuse that you don’t know how to save money on your monthly expenses and use these easy ways to save money every month!

Do you have any other suggestions on how to save money each month? How do you cut down on your monthly expenses?


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This Post Has One Comment

  1. love all the ideas.. question though, what about the internet?? And I’ve seen numerous other blogs post about this too, but do not acknowledge the internet bill.. Do you pay for internet? Is it such low amount that it is obviously cheaper than the internet/cable bundle? Within the past year I received a quote that put just internet alone at $50 per month, but the internet/cable bundle was $86.. yes, that is $36 extra a month.But then when you think of your Netflix/hulu/etc price added to the $50 internet, doesn’t it balance out to just bundle with cable? Like I said, a lot of blogs talk about dropping cable, which I am not opposed to, but I want to see the whole picture of what things cost and versus. TIA!

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Hi, there! I’m Heather Bowen, and I am so glad you’re here.

My passion lies in helping homeschool moms balance marriage, motherhood, homemaking, and homeschooling all while remaining sane!

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