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Debt is hard. Unemployment is hard. Trying to decide between bills and groceries is someone’s reality. Learn 21 ways to save money plus more frugal tips on how to cut your household expenses and get ahead. Stop living paycheck to paycheck.
What are household expenses? These will vary from couple to couple, family to family, household to household. Some common examples of household expenses are rent or mortgage payments, electricity, gas, groceries, taxes and so on.
Household expenses are costs that are incurred during the running of a home. Can these be decreased? Yes, of course and below you will learn 21 ways to save money and lots of tips and tricks to lower or decrease your household expenses.
Your morning coffee run, the gas to get you to and from work, your lunch bill, the cost of the after school activities, childcare, groceries these are all examples of everyday expenses that are common in a family household.
how to cut household expenses
Cutting household expenses is easier than you think and what makes it easier and less stressful is doing it step by step. Start with reducing one expense or cutting a cost or figuring out a way to decrease your grocery bill.
Start small and work to include more cost reductions each week. Remembering the small things add up to big savings. Learn about all the things we cut to save over $1000 each month. It adds up.
Decreasing your expenses isn’t about cancelling every bill or not having coffee to go occasionally, or only shopping generic on sale groceries. But these can definitely help in reducing expenses.
Cutting costs is about figuring out the needs and wants of your household and making choices to cut things you don’t need or can live without for a little while to save money.
Reducing your expenses could be as simple as bringing coffee four out of the five work days in a week. Brown bagging your lunch or exchanging daycare with a friend instead of paying for it.
how to reduce monthly expenses
Reducing your monthly expenses will require you to create a budget so you know exactly what your expenses are. Get a free budget worksheet here. When you know what bills are paid each month and the costs you can work at expense reduction.
Simple ways to reduce your expenses include contacting the expense and asking for a cheaper rate. You can do this with your cable, phone bill, credit card debit and so on.
Another great way to reduce your monthly expenses is to decrease your spending. Do you really need the item? Can you substitute a cheaper alternative or use something you currently have?
how to cut expenses on a family budget
Family budgets can be tight. You could be a single income household or a two income household. The important thing to ensure is your four walls are taken care of. Shelter, food, utilities and clothing. If you can decrease these expenses great.
Once your four walls are taken care of look at ways to decrease your other bills. For example could you cut the cable and stream videos online with Netflix or Disney+. Could you change cellphone plans or insurance coverage to save money.
All household expenses can be reduced in some way to save money.
21 ways to cut your household expenses and save money
Ask your bank for a better rate
Whether this be on your credit cards, checking account, loans or mortgage. What is the worst that could happen? They say no. Or they could give you a new rate that saves you hundreds each year.
This applies to your grocery shopping, clothes shopping, vehicle shopping, any form of spending. Look for ways to get yourself the best deal. If that means cutting coupons, using money saving apps like Rakuten, shopping sales, buying generic, meal planning instead of eating out, opting for no spend weekends or months than do so.
One of the best ways to save money on groceries or just about anything is to shop around. Stop being loyal to the big box stores. The local discount market may sell the item you need five dollars cheap or the farmers market may have what you need.
Meal planning is a huge time and money saver. Knowing what’s for dinner is even better. Simply planning a weeks worth of dinners on your calendar and buying the coordinating groceries will help you save time and money.
Grow your own
Planting seeds is cheap but the bounty that comes from growing your own food is priceless.
Opt for more vegetarian meals
Meat can get pricey even cheap cuts of meat. Opting for more vegetarian based meals each week will help lower your grocery costs.
Pack it to go
A latte a day or lunch to go can slowly wreck your budget and become a big expense. For example a months work of Monday to Friday lattes could cost you approximately $125. Save the money and bring your coffee from home and brown bag your lunch.
Doing anything yourself will be cheaper and more cost effective than paying someone else to do it for you. Learn how to do minor repairs, make your own cleaning supplies, make your own gifts and cook from scratch.
Stop the expense
If you aren’t using the service or the item than stop ordering it. There is nothing wrong with cancelling the cable or your landline or your monthly wine subscription.
Unplug the cord or turn it off
Believe it or not something so simple as turning off the lights or unplugging an appliance you aren’t using or switching to LED light bulbs can save you hundreds on your utility bill.
Regulate the temperature
Some like it hot, some like it cold. Finding a happy medium with the thermostat is important in saving you money and reducing your utility bill.
Skip the paper products
Stop buying paper towels, paper napkins and paper plates. For one the cost is expensive and avoidable. Plus you are making a ton of garbage you don’t need. Switch to reusable bamboo “paper” towels or cloth napkins and everyday reusable dishes. Your wallet will thank you.
Stop buying single use items
Why waste your money on single use items like plastic cups, paper products, straws and so on. Purchase reusable items and save the cash. Even single use Keurig coffee pods add up. Purchase a pound of ground coffee and reusable pods and you will get more brew for your buck.
I know it’s a big word but downsizing your home, or your car, or your stuff can save you a ton of money. Even smaller, downsizing your phone plan or your cable plan can save you money.
Carpool, work closer to home or work from home
Working closer to home, work from home and reducing your commute will save you money.
Use it, mend it, repurpose it, recycle it
Something your grandparents may have lived by. Use it till it breaks, then fix it or mend it. If it breaks again repurpose it. Once you are done with it recycle it or hand it down.
What is old is new again
Shopping vintage and thrift is a huge money saver when it comes to clothes and household supplies. Bartering for goods is also a great way to save money.
Budgeting, meal planning, daily to do lists, emergency funds are all ways to plan ahead and save you money.
Have a cash stash
Keeping a rainy day fund or emergency money jar is important for when things go wrong. They can also save you money in added expenses.
Stop trying to impress people
People will come and go. Stop trying to impress people and keep up with the Joneses. Be content with what you have.
A simple no
Learning to say no when don’t need something or can’t afford it will help reduce your expenses.
how to cut spending
You can cut your spending by reducing your expenses and being smart with your money. Look for ways to reduce your grocery costs and plan no spend weekends. Instead of wandering the shops go for a walk in the park.
Things you just don’t need. These are the type of expenses you eliminate from your budget and spending right away.
Common household bills include utilities, groceries, transportation and entertainment to name a few.
cutting household expenses
Looking for ways to decrease the costs of running your home is easier than one might think. Above we listed off 21 ways to save money and reduce your monthly expenses. Each one of these tips can help you decrease your household expenses.
how to reduce expenses and save money
If you are looking to reduce your expenses and save money start with your day to day activities. What can you cut, decrease or substitute to save money. It is simple changes that help you save tons of money.
Look at each of your bills and determine a way to decrease the expense. Start with one then another and so on.
tight budget cutting costs
Cutting costs on a tight budget is hard but it can be done. Something as simple as grocery shopping your local discount retailer could save you a bunch of money. Or asking your lending provider for a better rate.
things to cut out to save money
What to cut out to save money? Everyone’s answer will be different. Discover what our family cut out to save over $1000 a month. And believe it or not it was real easy to do.
how to reduce the cost of living
You can reduce your cost of living by changing what you need. The cost of living is your household expenses. Above we have given you tips and tricks to decrease these costs. A prime example is learning how to decrease your grocery costs.
how to limit spending
Learning how to curb your spending will help in lowering your expenses and save you money. It’s all in changing your mind set and your day to day activities. A little can go a long way.
reducing bill costs
You can reduce your bill costs in a variety of ways. Start by asking the company for a rate reduction or different cost bundle. Then work to lower your usage to save more money.
reducing everyday expenses
Your day may include a coffee and pastry to go, an hour drive to work, lunch meeting with your co-workers, plus after school daycare for your kids.
Lowering these everyday costs is super simple. Pack the coffee and breakfast to go from home, carpool to work or arrange to work from home a few days a week. Instead of lunching out for your meeting, have everyone bring lunch in and potluck your meeting. Exchange childcare with a friend to make your daycare costs cheaper.
Lowering your everyday expenses can be done you just need to plan and change a few things.
how to drastically cut household expenses
You need to save money now. Whether it’s because of unemployment or an unexpected bill lowering your expenses today can be done.
Start by gathering all your bills. Work away expense by expense on how to lower them or eliminate them. Be frugal. Think outside the box. Where there is a will there is a way.
tips to save money on day to day expenses
Simple ways to save money on the day to day are shopping smart and taking advantage of all the discounts and money saving options available to you.
Cooking from scratch, eating beans and rice, brown bagging your lunch, bringing your coffee from home. Drinking water instead of pop or juice. Eliminating unnecessary items off your grocery list and buying generic just to name a few.
related saving money & household expenses posts:
- Stop Living Paycheck To Paycheck 21 Frugal Hacks
- Secret Must Haves of a Frugal Home
- 75 Super Frugal Ways To Cut Your Household Expenses