When money is tight, it’s not always easy to know where to trim expenses, especially if you’ve already started to home brew your coffee and cut your hair.  If you’re struggling to make ends meet, consider which of the following commonsense savings  suggestions could help reduce your monthly overhead:

  • Move to cheaper apartment and/or find a roommate
  • Get rid of your car or exchange it for a less expensive one
  • Replace cable with streaming
  • Join a family plan for mobile services with your extended family of friends
  • Switch to a lower premium higher deductible health plan (provided you have no health issues that require on-going medical attention)
  • Switch to a lower premium higher deductible auto plan
  • Turn down the thermostat and wear a sweater
  • Turn off the A/C and open the windows
  • Switch to energy efficient LED light bulbs
  • Take shorter showers
  • Turn off the water when you’re shaving and brushing your teeth
  • Check rates with your communications and insurance providers every 6 months or so.  You may qualify for a discount or bundled rate plan that you wouldn’t know about without asking
  • Cancel subscriptions and/or service for things you’re no longer using or can live without.

When shopping:

  • Before you make a purchase, double check by asking yourself “do I really need this?” If your closets are bursting at the seams and your bathroom vanity is buried under products, the answer is “no.”
  • Avoid grocery shopping on an empty stomach. You’ll buy lots of chips and dip.
  • Shop with a goal. Before setting set foot in the supermarket or mall, have a clear objective in mind and a shopping list in hand.  And stick to it.
  • Books aren’t the only things you can borrow. You can borrow or rent camping gear, power tools, folding chairs, punch bowls and other infrequently used items.