4 Ways To Cut Costs & Start Saving Money

Aug 10, 2016 by

4 Ways To Cut Costs & Start Saving Money

There comes a time when you know it’s time to start cutting costs. Your bills are slowly getting higher and your budget tighter. It’s good to recognize when it’s time to make a change. You don’t want to let your spending get out of control.

It takes a little digging, but there’s always a way to save. You’d be surprised to know where your money’s going on a monthly basis if you’re not careful about keeping a budget. Your first assignment is to make a budget and write down your expenses. See four ways to cut costs and start saving money.

Subscriptions & Memberships

Take a look at your extracurricular activities and see what you’re even using these days. The first place you should look to is the gym. Stop your gym membership if you’re not using it and it’s pricey. Start running outside, going for walks or lifting weights at home. If you do enjoy working out at the gym, try to switch memberships to a gym that doesn’t cost as much to join. Also, look at your television and phone networks for apps, shows and subscriptions you may be paying for and not even know it. These extra financial commitments add up overtime.

Your Home

Take a look at your home and what’s hurting you the most. Turn your lights off when you leave the room and conserve water whenever possible. It’s also smart to go online and compare companies and pricing options for your monthly bills. Another option is a home refinance where you can lower your interest rate, lower your term and remove mortgage insurance. It’s worth taking a look at your particular situation and seeing if this adjustment will put more money in your pocket.

Clothes & Personal Care

Not that you always have to, but shop at a thrift store once in a while. They have great deals on clothes and will save you money. Save the expensive stores for special occasions. In general, stop buying so many clothes and wear the ones that are in your closet. You’ll appreciate having the extra cash when you really need it. Also, see if there are cheaper places to get your hair and nails done. Get into taking advantage of deals and sales when they’re available.

Eliminate the Extras

Be aware of where you’re spending unnecessary money. If you’re a big coffee drinker, make it at home, instead of splurging for the expensive drinks. When you’re out with friends, avoid ordering the most expensive cocktail on the menu, or just drink water.Also, go for the unbranded products in the grocery store. They’re just as good, if not better and will save you money. In addition, start cooking at home and taking your lunch to work. These are small changes that will make a big difference.


There are ways to make your wallet grow if you’re proactive. Be smart about what you’re spending, and you’ll be rewarded. These are four ways to cut costs and start saving money.

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