Four Simple Tips to Cut Your Monthly Expenses

When it’s time to cut expenses, looking at everything big-picture-style can seem overwhelming. So, if you’re like me, it’s nicer to have just a few things at a time to work on. I mean, it’s a lot easier to begin a journey of 3 Tips to Better Manage Your Finances than it is to jump off into the abyss of How to Completely Makeover Your Finances, isn’t it?! 

So we’re gonna put that into practice today. (You KNEW it, didn’t you?!)

When it comes to managing your personal finance, one of the biggest challenges that we face is working out ways to spend less money and save more. One of the best ways to accomplish this is to cut down on your monthly expenses, and even though some regular bills might seem small and insignificant when you’re looking at them on their own, adding them all together can be a shock for most people as they can soon add up to an enormous cumulative effect. To minimize the damage caused on a monthly basis, many people look for innovative ways to cut down expenses.

Save on Transportation

If you have access to public transportation, using it can save you quite a lot of money on gas, parking fees, and car maintenance over time. The cost of owning a vehicle is huge, but for a small percentage of it, you can get from one side of town to the other, to and from work, and to most important events by using public transportation such as buses, trains and trams. Even if you don’t want to completely sell your car, leaving it behind for journeys such as the commute to work or shorter journeys can help you to save money.

Gas Prices Sky High Monitor Showing Soaring Fuel Expense

Switch Energy Providers

Energy is a household utility which we all need, but it comes at a price. However, with energy providers allowing their customers to switch at any time, you’re not tied into a contract with energy – therefore it makes no sense to continue paying a higher price if you can pay for your energy cheaper elsewhere. Energy rates change all the time, so it’s wise to keep an eye on comparison sites such as to make sure that you’re not paying any more than you have to each month.

Consolidate Your Debts

If you’re paying off debts such as loans, credit cards, and even student loans separately, it may be more cost effective to consolidate them all into one loan or credit card which you pay a single repayment amount for each month. With each line of credit that you repay, you’ll also be paying interest rates, which can add up to a significant amount of money when you’re repaying multiple debts. Taking out a debt consolidation loan and locking in at a lower interest rate can help to reduce your monthly expenses. 

Income Expenses Files Showing Budgeting And Bookkeeping

Cancel Club Memberships

Many of us sign up for expenses such as club and gym memberships with all the best intentions, but rarely ever use them. If you signed up for the gym months ago and only use the membership less than once a week, you’re most likely throwing away money and it could be more cost-effective to simply pay as you go. If you have any memberships that you’re a bit on the fence about, try cancelling them and see if you really miss having them.

Do you have any top tips to help readers cut down on monthly bills and expenses? Let me know in the comments! I’m all about suggestions!

Due to the amount of comments from all of my wonderful readers, it is not always possible for me to respond to each one. However, I absolutely do read them all, and if you’d like to address something specific, or have a question for me, please don’t hesitate to email me at I will respond to your email as soon as possible! Thank you for visiting the blog!

7 thoughts on “Four Simple Tips to Cut Your Monthly Expenses

  1. While consolidating debt is usually a very good idea–make certain you will actually be paying out less in interest and fees on addition to the monthly amount. Sometimes it is worth just stop using one credit card at a time and just pay them off if the interest is low.

  2. I am always looking at how I can cut my expenses sadly I just spend to much on stupid things. This is a great list and will have to show it to my husband. Thank you for sharing!

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