Simple Ways To Cut Down On Your Monthly Expenses*




*This is a collaborative post*

When it comes to saving money, the simplest thing that you can do is cut down on your monthly expenses. Of course, some of your regular bills may not seem particularly large but all of the little ones will add up too, especially over the course of a month and this can be a huge drain on your cash. If you want to save a little money here and there, you need to combat these regular expenses and come up with ways to reduce or eliminate them altogether. Here are a few suggestions to get you started.

Unplug Unused Electricals
We live in an incredibly technological age which means that there are gadgets and gizmos on pretty much every surface in our homes. While this technology is great and makes life a lot easier, many electrical appliances will still draw a small amount of electricity even if left on standby mode. To cut down on this and save money, go around your house and unplug anything electrical that you’re not currently using and make sure to switch off all of your lights as you go too.

Turn Down The Heat
Heating is one of the biggest energy drains in homes which is unsurprising considering that most people have their heating set much higher than they really need to. Turning your thermostat down just a few degrees will save you a lot of money and it will be much better for the environment. Invest in a few warm jumpers and blankets and adjust your heat. Trust me, they’ll pay for themselves in no time!

Consider Your Transport Options
Aside from your house, a car is one of the most expensive things that people buy in their lifetime so it’s sensible to cut down this expense where possible. To start, you could consider car leasing from ICL or another company which generally has a lower monthly payment when compared to financing a car. You could also think about ditching the car altogether and opt for public transport instead. Don't forget that this can be made even cheaper if you make use of a bus or train pass.

Rethink Your Childcare
Everyone knows that kids are expensive, but childcare costs can get ridiculous if you’re not careful. You don’t necessarily have to spend an arm and a leg on great childcare. Hunt around for cheaper alternatives. You could also see if a friend or family member could watch your children a few days a week which hopefully most loved ones would gladly do for free. If this isn’t possible, then maybe ask your boss if you can switch shifts so that you can be home when needed.

Cut Out Non-Essentials
As harsh as this sounds, if you don’t need something, stop spending loads of money on it on a regular basis. Of course what seems a necessity to you might be non-essential to the next person and vice versa. Work out what you personally don’t need and then cut down on the splurging. A few examples of these types of things include takeaways, nights out, excessive clothes and makeup, cigarettes, and maybe even your phone bill. Make a list of everything you pay for regularly and see what you can cut out.

Cutting down on how much you spend each month isn’t always easy, but it’s definitely worth it and I hope that this helps you.

*Photos via Pexels. Contributed by Sam Jones.


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