Are you looking for ways to save money on monthly expenses? Whether you’re living paycheck to paycheck or have financial freedom, saving money is a great idea for all families. One of the best ways to keep money in your bank account is by cutting back on your monthly expenses. Outside of not ordering out and buying less clothing, are you wondering how to save money on your monthly expenses? Here are 10 ways to save money on your monthly expenses that won’t cost you a penny.
How To Save Money On Monthly Expenses
By creating a meal plan, you are able to only buy what you need and when you need it. Try to cut down on meat and eliminate processed foods by cooking almost everything from scratch.
Buy produce that is in season, not prepackaged or cut for additional savings. Look in the clearance bins and keep your eye out for meat markdowns in your store. Take cash, and only buy what’s on your list.
Price Compare Between Providers:
Every year, it is wise to compare costs of services between different providers. Especially internet, phone, and insurance.
Even if you want to stay with your current provider, call around and see what the rates are. Then call to speak with the supervisor of your current provider and ask them to lower your rates to the competitors rates in order to keep you subscribed.
Keep Insurance Under The Same Provider:
When it comes to rental or house insurance and car insurance, it is almost always best to keep the services with the same provider.
Insurance companies give you a discount that saves generally over $20 a month, if you have both car and rental insurance through them.
Sign Up For The Safe Driver Program:
Most car insurance companies now have apps and devices that you can either add to your phone or vehicle that records your driving history.
Being apart of a safe driver program gives you a hefty discount on your car insurance. They record your speed, mileage, and times that you’re on the road. They give extra savings for staying under 80 miles per hour, not driving between midnight and five am, and for being cautious with your breaking (if you use the device, it records this).
Get Rid Of Your Landline:
Do you still have one? If you do, a great way to keep your phone number yet save a bunch of money is by buying a Magic Jack adapter (one time purchase).
Magic Jack works through your internet. Goodbye landline phone bills!
Ditch Your Mobile Phone Provider:
The cost of cell phone bills are ridiculous, especially for the data charges.
If you’re out of your contract and own your phone, consider switching to a provider like Straight Talk or MetroPCS where your cell phone bill is only around $50 or less. This includes unlimited calling, text, and data!
If you still owe money on your phone, consider selling it, and getting a used one at the fraction of the price. This will also free up money that no longer is going to payments for your device(s).
Download Apps For Savings:
Did you know there’s an app for that? Seems like there’s an app for everything now. From translating to meditation, it’s available on the Google Play Store.
Create A Zero Based Budget:
This is by far the most important step in order to save money. Knowing what’s coming in, and assigning a name to every single dollar allows you to see where your money is going. You can see our tips on How to Budget Your Income your income to the last penny.
If you have any unnecessary subscriptions, such as magazine, makeup, and food delivery services -now is the time to cancel them.
It’s best to buy only what you need when you need it, than to have excess. If you really want a new eyeshadow, find a coupon and go to your local pharmacy and pick up a shade on sale.
Learning hot to save money on monthly expenses can require a little upfront work, but the payoff is tremendous. Do you have any other ideas on how to save money on monthly expenses? If you do, be sure to let us know in the comment section below.
**Be sure to join our HOT Black Friday and Holiday Shopping Savings Group so you won’t miss any of the awesome deals we find throughout the year to help you get what you need for less!**