4 Tips for Reducing Monthly Expenses

Administrator/ December 14, 2015/ PERSONAL FINANCE/ 0 comments

It is human to err and no one is yet that perfect enough to avoid making budget mistakes. However, many people have no understanding of how to identify budget traps and so they will subsequently get caught in them. Due to the busy lives that most of us lead, there may be little time to keep track of these financial details unless you can afford the services of a financial advisor. However, even if you have a financial advisor on your side, it is your responsibility to be careful about your own finances. If you don’t keep track of your spending, you will always have a high monthly bill to deal with and soon, you will run into other serious financial trouble. There are some ways that you can manage and maintain your finances.

Pay Close Attention to Utilities

One of the ways that your monthly bill can run high is through the use of your utilities. While utilities are an essential aspect of daily living, you have to control how you use it. Your gas and electric can be managed. Once you leave your house, you should set the thermostat in ‘away mode.’ Make sure that you set the thermostat to adjust prior to the need for heating or cooling such as during the morning hours and before you arrive home. You could also invest in ceiling fans or standing fans, which cost less to operate in comparison to an air conditioner. For other heating options, consider using an electric blanket or portable heater.

Work Related

What about packing leftovers for lunch? Yes, this will save you on spending $10 or $20 each day on a restaurant lunch. At the end of the month that would amount to $200 or $400. You could ride your bicycle or walk to work to save on expenses related to car or train commute. This is only if you live close by your job. You could also consider a shared ride with a neighbor or friend.


Entertainment costs can be quite sneaky on your finances. For example, things like going to the movies every week, attending basketball events, buying tickets for a concert and going out to the nightclub each week could rack up your entertainment bill. There are some things that you can cut back on. If you love to eat out, consider the prices listed on the menu. If a chicken dinner cost $15 and a steak dinner is $30, choose the obviously cheaper meal. However, it is cheaper to cook at home where you can have leftovers to take with you to work. If you love to take vacations, why not consider camping at a location in driving distance instead of flying to another state?

Sensible Shopping

Coupon cutting may seem like a chore, but it will end up saving you on monthly expenses. Make a list before going shopping so that you don’t buy things that you don’t need. Purchase store discounted items instead of name brands. Do your shopping in thrift stores because you could get some really good bargains for designer items.  \


The best way to save financially is the reduction of your monthly expenses. With these tips, you will be able to cut back on specific things and end up saving money in the long run. It will take discipline on your part, but your future depends on it.


Leave a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>