A couple of weeks ago, I asked for your best advice on saving a several hundred dollars each month. Thank you so much to all of you that participated! You had some great ideas for shaving dollars off your monthly expenses.
Below is a compilation of all 34 of the tips you shared. Enjoy!
- If you need two cars, keeping one beater car that’s completely paid off is a great way to eliminate a car payment and reduce monthly car insurance premiums. ~Marianne from darling blogs
- Speaking of car insurance, re-evaluating your auto insurance coverage is a fantastic way to trim expenses. Particularly if you’re a twenty-something, or have just made it past a milestone where previous accidents no longer count against you. ~ Robert Wall from Untitled Minimalism
- Recruit the kids help by appointing them as “eco-rangers.” Praise them for conserving energy by turning the lights off, keeping TV time down, etc. ~ Kerri Rodenbaugh
- Consider trading in your car for one that gets better gas mileage. Especially if you have a longer commute to work each day. ~ Kerri Rodenbaugh
- Pay cash for purchases. On bigger purchases, offer to split the merchant fee by requesting a 2.5% discount since the merchant won’t have to pay the typical 5% credit card processing fee. Everybody wins! ~ Sarah Gillard
- Instead of buying prepackaged items for lunches and snacks, buy in bulk and separate food yourself. ~ Sarah Gillard
- Make your own cleaning supplies and detergents. ~ Sarah Gillard
- Do home repairs yourself, checking YouTube for instructional videos on things you aren’t sure how to fix. ~ Sarah Gillard
- Use your local library to rent books, movies and music. ~ Sarah Gillard
- Avoid all credit and pay for everything (even cars) outright. ~ Mike of Homeless on Wheels
- Avoid beverages out. Drinks like coffee are much cheaper made at home. ~ Mike of Homeless on Wheels
- Re-evaluate your communication needs. Consider dumping your landline and see if you can reduce your cellphone plan to ensure you aren’t paying for features you don’t need or use. Some of the best deals can be had with a prepaid monthly or pay-as-you-go cell plan. They aren’t the overpriced last resort for the credit challenged that they once were. ~ Mike of Homeless on Wheels
- If your schedule allows, consider parking one car for the summer and reducing your car insurance on the parked car to liability only. ~ Juanita
- Only eat out once each month. ~ Juanita
- Use a clothes line rather than an electric or gas-powered dryer during warmer months. ~ Juanita
- Concentrate on the small and seemingly insignificant things that add up over time. Patch or mend your clothes, use less water, batch-errand, etc. ~ Jo of Simply Being Mum
- Reduce your food budget by 50%. ~ Jo of Simply Being Mum
- Plant a vegetable garden. Can your own fruits and vegetables. ~ Annie
- Invest in a sewing machine and learn to make and/or repair your own clothes and linens. ~ Annie
- Cook in large batches so there is enough leftover to take to work and school for lunch. ~ Annie
- Cut back on — or cancel — you cable or satellite plan. ~Ellen
- Pay your bills online rather than mailing a check. ~ Ellen
- Cut back on the amount of soda or other non-water drinks your family consumes. ~ Ellen
- Switch to a paperless kitchen. ~ Catie
- Try to cut down on the A/C. Instead, open the windows at night when it’s cooler and then shut the windows and curtains during the hottest parts of the day to keep the cool air inside. ~ Catie
- Take public transit when possible and/or bike to and from work. ~ Catie
- When getting rid of things you no longer want or need, try to sell them first. ~ Catie
- Learn to cook from scratch. ~Catie
- Go meatless a few nights each week. ~Catie
- Wear clothes two or three times before washing if possible. ~Catie
- Learn to cut your own hair. ~Catie
- Save glass containers food comes in to reuse as storage containers and use plates instead of plastic wrap to cover bowls. ~Catie
- Try making your own personal care items (deodorant, toothpaste, shampoo, etc.). ~Catie
- Purchase birthday and holiday cards at the dollar store. ~Jaclyn
Wow! Thank you all so much for all of the great tips for spending less!
Many of these things I already do, but some of them are new to me. If you apply some of these tips to your life, you’ll no doubt be able to shave off a couple of hundred dollars in expenses each month.
Do you have a favorite tip for savings money that you don’t see listed here? Leave it in the comments section below!
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