If you have been trying to get out of debt and improve your financial situation, but doesn’t have the action plan to get it done…help is here! Take a look at the following list of ways to cut your spending. Not all will apply to you, but try a few of the ideas. Then come back and try some more.
Take the money you save and put it toward paying down your debt, and put some away in a good bank that pays decent interest as an emergency back up fund. You’ll be amazed at how much debt you can repay and money you can save over the course of a year, just by making little changes.
1. Weatherproof your home to save electricity.
2. Line Dry your clothes. It will lengthen the life of your clothing and save energy.
3. Wash your laundry in cold water.
4. Stop using phantom power by unplugging your electronics at night. Using power strips makes this easier.
5. Get rid of cable TV or switch to basic cable.
7. If you don’t want to get rid of cable, see if you can bundle it with your phone and internet service to save money.
8. Get rid of the internet and use the library.
10. Set your thermostat lower in the winter and higher in the summer.
11. Use a programmable thermostat, so you never forget to adjust the temperature.
12. Use CFL or LED lights instead of regular incandescent bulbs.
13. Catch rainwater for watering your garden.
14. Use pasta water for watering household plants.
15. Turn off your water when you’re brushing your teeth, shampooing, or shaving.
16. Recycle. You’ll save on your trash bill.
17. Compost. You’ll save on your trash bill and help your garden.
18. Haul your own trash to the dump, if you have a pickup truck or trailer.
20. Challenge your property tax assessment, if you feel it’s too high.
23. Take public transportation.
24. Walk when you can. You’ll be healthier, too.
25. Rotate your tires regularly to make them last longer.
26. Fill your car up when you’re down to a quarter tank of gas. You won’t be stuck going to the nearest, most expensive gas station when your car is on empty.
27. Use GasBuddy.com to search for the lowest prices on gas.
28. Don’t use high octane gasoline, unless your car specifically requires it.
29. Use The Grocery Game or another deal site to make effective use of coupons.
30. Cook from scratch.
31. Grow a garden.
32. Eat less meat.
33. Or buy a side of beef, instead of smaller packages at the store.
34. Give up cold cereal. Eat oatmeal instead. It’s cheaper and healthier.
35. Give up (or cut back on) junk food.
36. Look for good deals on Amazon. Yes, it’s true. Amazon can be a good deal for groceries. If you buy something regularly, you can save even more by subscribing to that product. But know your prices before you shop.
37. Keep a pricebook, so you you know when a deal is a deal.
38. Shop at Costco or Sam’s Club, if you have the storage for buying in bulk. Have your pricebook handy, to make sure you buy the good deals. Bonus: warehouse clubs can also offer good deals on everything from insurance to tires to glasses and more.
39. Plan a weekly soup night to use up leftovers. Wasted food is wasted money.
40. Use cloth napkins. Buy them at yard sales or make your own from cheap linens you find at thrift stores.
41. Use rags, rather than disinfectant wipes or paper towels.
43. Use vinegar as a fabric softener, or skip the fabric softener all together.
44. Go no-poo. (That’s no shampoo, people!)
45. Use crystal deodorant. It’s more expensive up front, but it lasts a year, making it cheaper in the long run. It’s better for you, too.
46. Use alternative feminine products like the Diva Cup and cloth pads.
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I'm just an average mom, trying to live a frugal life and get out of debt. I write about things that have (and haven't) worked to improve my family's financial situation. What works for me may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
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