25 Ways to Cut Your Personal Expenses
Use the public library to check out movies or books for free.
- Consider dropping your land line phone at home. Your cell phone may be all you need and some come with free long-distance services.
- Send free e-cards and save on postage.
- Stop buying clothes that are “dry clean only.” Learn to iron.
- Don’t renew subscriptions to publications you don’t have time to read.
- Only use ATMs where you won’t be charged service fees.
- Wait a little longer between manicures (or try doing one yourself!).
- Pay cash when possible—psychologically it’s harder to spend cash than using credit cards, and you’ll save on interest charges.
- Check your credit history. Go to FreeCreditReport.com and make sure everything is accurate. Good credit may mean lower interest charges.
- Get multiple quotes on insurance. It pays to shop around.
- Raise the deductible on your homeowner’s and car insurance policies.
- Pay attention to the expense ratios on mutual funds you buy.
- Go to matinee movies instead of movies at night.
- Cook in bulk and freeze.
- Purchase a programmable thermostat for your home.
- Only do full loads of laundry and fill the dishwasher before running it.
- Bring your lunch to work or scout out the inexpensive places to buy lunch.
- Have cocktails at home and then go out; have dessert at home.
- Be a smart grocery shopper—cut coupons, shop at discount stores, and stock up on sale items. Check out Costco or Sam’s Club.
- Fill prescriptions with the generic form of the drug.
- Keep up maintenance on cars. It may prevent costly future problems.
- Get annual physicals to prevent costly future problems.
- Wash your car at home and skip the car wash.
- If you see something in a catalog that you want to buy, wait a week before ordering to see if you still really want it.
- Pay bills online. Save postage.