5 Simple Ways to Cut Your Monthly Expenses |
Posted: December 13, 2017 |
The unfortunate reality for many Americans is they don’t have any money to save at the end of the month after they have paid all their monthly expenses. According to a recent study by CareerBuilder, 78% of Americans are living paycheck to paycheck. The idea that simply making more money will solve your budget issues never seems to materialize. For many, that does not even seem possible. While making more money might not be a realistic solution, you can start taking simple measures to drastically lower all your monthly expenses. Here is a simple guide to how easy it is to cut your monthly expenses and give yourself a bit more paycheck every month. 1) Take Advantage of the Many Ways to Save Money on Amazon Most people realize that Amazon has tons of great deals, but they probably aren’t taking advantage of all the ways that they can save you money. There are so many insider ways to save money on almost anything you want on Amazon. Start with checking out their Deal of the Day and Lightning Deals sections. They are constantly updated with new products and substantial discounts on popular products. You can save even more on many common household items with the Amazon Subscribe and Save program. They will send you monthly shipments of anything you regular buy around the house and it is can be the best price you will get anywhere on many common items. 2) Use Price Comparison and Shopping Apps If you are not using technology to help you cut your bills, then you will actually have the easiest time lowering all your monthly expenses. There are so many simple and effective price comparison and shopping apps that will help you automatically find the best deal on just about anything you need to purchase. You’ll want to start with apps like ShopSavvy, Camel Camel Camel, and BuyVia. They are all easy to setup and will start saving you money from the first day. You’ll be amazed at how much you’ve been overpaying for lots of regular items you purchase. 3) Stop Paying Full Price for Your Groceries Obviously, we all have to eat. This leads most people to believe they just have to accept the prices they pay for the groceries they need. That could not be further from the truth. Technology is your friend here as well. Start by setting up accounts with GroceryIQ and iBotta. Both apps will help you plan your next trip to the grocery store and save you tons of money. Planning your grocery shopping list with these apps can save you 25% or more on your groceries. 4) Cut Your Cell Phone and Cable Bills by 50% or More Many people have already cut cable out of their life for good. If not, that’s one of the simplest ways to save some money on your monthly expenses. Most cable bills are over $100 per month and generally you are paying for lots of channels you never watch. There are so many great online services that allow you to get your favorite content for $10 or less per month. Netflix, Amazon, and Hulu are the leaders in this arena, but there are plenty of other options. Dumping your cable bill and choosing a few online content providers will cut your monthly expenses by $75 or more right away. If you’ve been loyal to your cell phone provider for many years, you are probably overpaying for your monthly cell phone bill. Check out WireFly and WhistleOut and you’ll be pleasantly surprised by how many cheap cell phone plans are available in your area. Typically, you can cut your cell phone bill by 50% or more. 5) Find What You Want for Free Use Craigslist and the Freecycle Network to find lots of common items for free. There are surprising long lists of things that people are giving away in most major cities around the country. They both have great search engines that will allow you quickly figure out if there anything you want. You might want to scroll through the most recent list though. You might be amazed at what you find.
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