7 Easy Ways to Cut Expenses

Whether you are living on a fixed income or you are just simply looking for ways to save a few bucks, it pays to help by finding ways to cut unnecessary expenses. There aren’t necessarily short-cuts to saving money, but here are 7 “easy” ways you can cut expenses and save money.

1. Buy generic brands.

Buying brand name foods and medications can be quite costly, but oftentimes there are available generic alternatives that can help you save in costs. The quality and ingredients are often the same, but at a lower cost.

2. Don’t buy bottled water.

The amount of money that you spend on bottled water can quickly add up. If you are picky about how your water tastes (and some people can be!), invest in a water filter. You can also buy a reusable water bottle that you can take anywhere. Reusable water bottles can come in many different colors and shapes that can suit your personality and style.

3. Don’t let water down the drain. Check for leaky faucets and toilets.

Don’t let water down the drain. A little leak can really add up! According the the Environmental Protection Agency, the average U.S. home can waste up to 10,000 gallons of water due to leaks. Replace your toilet with a water efficient one approved by the EPA and make sure that the faucets are no longer leaking.

4. Don’t shop at convenience stores.

The mark up price of convenience store products can really be, well, not so convenient. Even if they’re just a walk away, you will find that they can mark up to 45% higher on some of the products. Head on to the supermarket or store to get better deals on your essentials.

5. Borrow from the library.

Are you a big movie buff? Do you like to read books? While borrowing books from a library can be a no-brainer, but did you know that you can also borrow books? Instead of buying books or renting from a machine, you can borrow movies for free!

6. Make your own coffee.

If you are a coffee lover, it can be a hard to break this rule. Sometimes you need a good cup of coffee to get you going in your day or you just like to indulge in cups of fancy cappuccino, but you can save money by making your own cup of coffee at home.

7. Cut out bad habits.

If you are a smoker or you like to indulge in weekly lotto tickets, it may be the time to stop. Any bad habit that can cost money is “bad” for a reason but even worth more to quit if you are looking to see a little more green in your pockets.

 

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