7 Ways to Reduce Expenses


Phone cord being cut by scissors

Let’s face it. Most of us could afford to cut back on our expenses. Whether you’re trying to get out of debt or just trying to save some extra money every month, making a few small changes can add up to some big savings in your account!

Get Rid of Your Landline

Do you still have both a home and mobile phone? Consider getting rid of your home phone, especially if you could do without it.

light switch electricity

Reduce Your Electricity Usage 

Most electronic appliances that have a standby mode, such as toasters, DVD players, stereos, and microwaves, still use electricity even when not in use. My suggestion? Plug your electronics into a power strip and then switch the power strip off when your devices aren’t in use.

white boiler in the basement of a house

Make Your Water Heater More Efficient

According to The Simple Dollar, hot water heaters add a lot of money to your energy bill for two reasons:

  1. The heater keeps the water hotter than necessary.
  2. Heat is continuously lost to the environment.

You can solve both of these problems by buying a blanket to install on your water heater, which will keep the heat in, and lowering the temperature on the water heater to about 130 degrees.

Asian Family spending time together in the kitchen

Eat at Home 

Buying raw ingredients and cooking meals yourself is often cheaper than eating out, even if you’re just buying McDonald’s for lunch every day. If cooking every night takes more time than you have, trying to set aside an hour or two every week to cook large meals that you can freeze and then heat up as needed.



Buy in Bulk 

While larger amounts of products may cost more initially, their unit prices are often significantly cheaper, which will save you money in the long run. Consider buying non-perishable items, like paper towels and pasta, in bulk.

woman grocery shopping

Stop Buying Name-Brand Products 

Most stores offer a large selection of products in store-brand and generic form. The generic products usually come at a much cheaper price. If you’re really attached to your product, compare the ingredients in generic and name-brand products. Oftentimes, they contain the same ingredients. According to The Simple Dollar, usually the only difference is the advertising.

Smiling young couple deployment of money for bills at home

Reevaluate Your Regular Services 

Are you really using your magazine subscription and gym membership? What about Netflix? Take a look at your monthly services and decide whether or not you’re getting your money’s worth. If not, shop around for a more affordable service, take better advantage of the one you already have, or cancel the service.

By taking a look at this list, you should have a pretty good idea of how you can save a few extra dollars. It may not look like a lot of saved money at first; but stuff like this can add up, and you won't be wasting those precious greenbacks.

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7 Ways to Reduce Expenses

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  1. Ivonne says:

    This is definitely good to know. I am constantly bringing food to work, so I would not have to spend much.

  2. nancyk says:

    I use the internet to cut out a lot of unneccesary expenses. Instead of going to Walmart or Target to buy things, I shop online and have them delivered to my house. It saves me the time of driving to the store, wandering around, having kids melt down in aisles, and buying things that I really don’t need. I order my diapers and wipes, toilet paper, paper towels, tampons, etc. from Walmart or Target. I found an awesome online store called Melaleuca (you have to purchase a membership for $29, but it’s so worth it!!!) that sells all-natural, non-toxic cleaners, toothpaste, deoderant, makeup, etc at a fraction of the cost of the crap you buy at Walmart or the Dollar Store and it all ships to my home. I start buying Christmas gifts online in September and have it shipped to my home to avoid malls, driving, bad weather, and spending money that I didn’t plan to spend. Shopping online has probably saved me thousands of dollars in the past year or so. The only store that I go to once a week is the grocery store. I have so much more free time now that I don’t have to go shopping.

  3. Moyo says:

    Thanks, sure works. Not using all right now, but the ones I do, it works.

  4. LoveMy7Kids says:

    We have used a lot of these techniques for years, but some changes to these have occurred when our family size grew. we added our land line back, because we wanted a “911” easy access for young children (cellphones can overwhelm young children). Bulk items from Sam’s or Costco are NOT always cheaper than local or smaller discount stores. Shop thrift stores, consignments shops, and garage sales. Check sites like Craigslist, Freecycle, or Listia. Find a local moms club or preschool children’s group and start networking and sharing hand-me-downs or do toy swaps. Learn to cut your own kids’ hair. Use your local library more (free movie, music, and magazine,or the latest novel–most have downloadable titles for your kindle or tablet. Do Once-A-Month cooking. Hope these help someone.

  5. LIZ says:

    good tips to put in practice

  6. mommy nhoj says:

    No home phone and tv cable. Just internet and netflix. Baby loves videos from Youtube. We plan to buy an antenna to try if we can get local channels. We cook meals at home and husband brings packed lunch at work. The challenge would be preparing a variety on the menu

  7. John Haley says:

    We have been following several of these techniques for sometime!

  8. We have developed a really great habbit of looking over our expenses every 6 months and trying to reduce on expenses where we can otherwise save..even habbits..making lunch vs. buying..we’ve definately learned that buying in bulk is a HUGE help 😉 great info here.

  9. I’ve definitely been thinking about getting rid of our home phone for over a year now, but since it’s part of our cable package and taking it off will cause us to pay more (I know that’s weird), I haven’t made up my mind yet.

  10. Bethany says:

    We find it very helpful to buy things in bulk, especially with having a growing boy around, it really helps. We are also trying to make more fresh meals together as a family, but do allow ourselves to eat out once a week.

  11. KITTYNOLAND says:

    Most of us should do a budget for 3 months on a spreadsheet.Save every receipt and you will be shocked to see where your cash is going! Also, use energy efficient lightbulbs, do not run water unnecessarily and join programs where you earn points, for things like gas for your vehicles.

  12. Nat says:

    Good for you and hubby, Miriam! V I wish i could get my hubby to sit down for a annual budget meeting lol! He’s a month by month guy who has a hard time looking at the big picture!
    I think simply tracking your spending is a big first step to saving money! Too many people splurge on something special because they saved a little buying bulk and end up spending more in the long run because they don’t really have a clue what their money is doing!

  13. Miriam says:

    My husband and I had our annual budget meeting this year and noticed the major problem areas when it comes to finances is eating out. We are now saving $150/mo on average by making our meals and eating at the park everyday!


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