15 Ideas To Save Money on Your Monthly Bills (2024)

Are you looking to save money on your monthly bills? Saving money is one of the things that today a lot of people are trying to do in their everyday lives.

If you are not one of those, it is never too late to start doing it. You can save hundreds of dollars a month by just making some adjustments to your monthly bills at home.

I’ve created a list of 15 ways to save money on your monthly bills. Simple changes you could adjust around your house and start saving money every single month. So, if you implement these simple tips it will help you a lot of money in the long run!

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15 Ways to Save Money on Your Monthly Bills:

Grocery shopping:

  • Reduce your grocery bill by using Ibotta to get cash back on your groceries. With Ibotta, you earn cash back from your regular purchases at the store such as fruits, veggies, dairy, bread, household items and so on! You can even get cash back just for submitting your grocery receipt!
  • You can get FREE $10 welcome bonus from Ibotta when you sign up here. You just need your e-mail, and it takes less than 1 minute to sign up!
  • Go through your pantry before you head to the store and make a list of all the products that you really need.
  • Buy generic brands: generic brands are 20% to 30 % cheaper compared to name-brand products.
  • Reduce the amount of meat you usually buy.By doing this, you will save a good amount of money from your grocery budget.
  • Buy seasonal products and plan your weekly meals according to that. I like to plan my meals using the $5 meal plan because it saves me time and money! The plan cost per month only $5 and they send to your inbox the meal plan for the week and the exact shopping list you will need to make the meals. Every meal will cost approx. $2 or less to make! You can sign up for the $5 meal plan here and get a 14-day trial period.

Related:

  • 11 Ways To Save Money on Groceries Without Using Coupons.
  • 17 Clever Ways to Make $100 Fast

Television:

  • Cancel your satellite or cable now! You will save hundreds of dollars a month by doing this. Consider a digital antenna like this one and get local channels for FREE!
  • Another great option is to get an Amazon Fire TV Stick. We got this last month and it is amazing all you can get for a relatively cheap price. (there are tons of videos on YouTube on how to install it to so you can get the most of your money).
  • If you would like continuing watching your favorite network programsthen a great option is to sign up forAmazon Prime Subscription. This along with a digital antenna you will access to tons of movies, music and TV channels on demand.
    Additionally will get access to two-day FREE shipping service on millions of items sold on Amazon.You can sign up for Amazon Prime and start your30-day FREE Trial here.

Electricity:

  • In summer time, run the thermostat at a higher number. The ideal should be 75 degrees or higher(as long as you feel comfortable).
  • For winter time, run your thermostat to a lower number, for example; 68 degrees. By doing these two previous steps, you will make sure to have a low electricity bill the following month.
  • Unplug appliances when they are not being used.
  • Install energy saving lights around your house. Recently, we got these LED energy saving lights and installed in most places around the house. Usually, the places that we stay most of the time. They utilize less energy and last longer.
  • Another way to save money on electricity is by washing your clothes in cold water. Not only you will save money but it is better for your clothes!

Phone Service:

  • Get rid of your landline phone service and only keep your cell phone service. It will save you at least an average of $50 every month!
  • Wireless service plans are pretty expensive nowadays. Every month this takes a big part of your paycheck. Try to switch to a cheaper service such as Republic Wireless.
    With Republic Wireless you could get a plan for only $15 a month! It will definitely save you a lot of money! You can learn more about Republic Wireless here.

If your goal for this year is to find ways to save money on your monthly bills, then these tips would help you to achieve that goal. You can save hundreds of dollars a month by practicing these 15 ideas around your house.

How do you save money on your monthly bills?

Related Ways to Save Money at Home Articles

  • How to Save $5000 in a Year: 52 Week Money Saving Challenge
  • How to Pay off Debt Fast, Even With a Low Income
  • 15 Things to Stop Buying To Save Money
  • 30+ Ways to Save Money on Utilities Bills

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Ibottais an app that allows you to save money on groceries, clothing, restaurants, gas stations, pharmacies and more!

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Rakutenis an easy way to make extra money when shopping online. It is very easy to use, you go to their website and click the link from the store you would like to buy from. They give you cash back from shopping thru their links. You can also use discounts and coupons while shopping online. You cansign up for Rakuten hereand receive a $10 cash back FREE!

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Related Post:

  • How to Create a Budget: Budgeting For Beginners
  • 8 Simple Steps to Save Over $7000 This Year

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15 Ideas To Save Money on Your Monthly Bills (2024)

FAQs

How can I save money on my monthly bills? ›

How to Budget and Save Each Month
  1. Download a Personal Finance App. ...
  2. Take on Meal Planning and Cook at Home. ...
  3. Use Shopping Lists. ...
  4. Cancel Cable TV and Trim Entertainment Costs. ...
  5. Reduce Your Electricity Usage. ...
  6. Invest in Smart Home Tech and Save. ...
  7. Purchase Refurbished and Used Items.

How to save money for monthly? ›

8 simple ways to save money
  1. Record your expenses. The first step to start saving money is figuring out how much you spend. ...
  2. Include saving in your budget. ...
  3. Find ways to cut spending. ...
  4. Determine your financial priorities. ...
  5. Pick the right tools. ...
  6. Make saving automatic.
  7. Watch your savings grow.

What is the 5 10 15 money saving challenge? ›

Each time you save shade each circle of any 5, 10, 15 dollar, to save the full 1070 in your own time. Saving can be hard but with this you can make it a fun challenge. Safe enough a week to add to the savings pot. Get healthier with your finances and savings.

What are the 5 steps to save money? ›

5 simple steps to start saving
  • Set one specific goal. Rather than socking away money into a savings account, set specific goals for your savings. ...
  • Budget for savings. Just because you decide to save doesn't mean it's going to happen. ...
  • Make saving automatic. ...
  • Keep separate accounts. ...
  • Monitor & watch it grow.

What should you save a month? ›

At least 20% of your income should go towards savings. Meanwhile, another 50% (maximum) should go toward necessities, while 30% goes toward discretionary items. This is called the 50/30/20 rule of thumb, and it provides a quick and easy way for you to budget your money.

How can I save the most money monthly? ›

You can learn more about apps that automate savings and decide if they're a good fit for you.
  1. Count your coins and bills. ...
  2. Get discounts on entertainment. ...
  3. Lower your car costs. ...
  4. Bundle cable and internet. ...
  5. Switch your cell phone plan. ...
  6. Reduce your electric bill. ...
  7. Lower your student loan payments. ...
  8. Cancel unnecessary subscriptions.
Mar 26, 2024

How to save $100 in 30 days? ›

The plan works like this: Start off by saving just a dollar every day for five days. For the next five, save two dollars. Increase the amount every five days by a dollar until you reach the point where you're saving five dollars per day, which you'll do for the last ten days of the month.

How to save money fast? ›

Canceling unnecessary subscriptions and automating your savings are a couple of simple ways to save money quickly. Switching banks, opening a short-term CD, and signing up for rewards programs can also help you save money. Making a budget and eliminating a spending habit each day can help lead to long-term savings.

How to stop wasting money? ›

How to Stop Spending Money
  1. Meal plan to save money. Meal planning is a great way to save money. ...
  2. Fun and frugal activities. ...
  3. Educate yourself. ...
  4. Cleaning saves money and sanity. ...
  5. Accountability buddy. ...
  6. Visualize your saving goals. ...
  7. Price comparison. ...
  8. Build good spending habits.

What is the 5 dollar trick? ›

All it requires is that you save every $5 bill you get as change. If you're paying for something at the register with cash and the cashier hands you a $5 bill, put it directly into your savings account and pretend it's not even there. Five dollars can add up quickly.

What is the 15 savings rule? ›

50 - Consider allocating no more than 50 percent of take-home pay to essential expenses. 15 - Try to save 15 percent of pretax income (including employer contributions) for retirement. 5 - Save for the unexpected by keeping 5 percent of take-home pay in short-term savings for unplanned expenses.

What is the Save 20 rule? ›

The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings. The savings category also includes money you will need to realize your future goals.

What is the 10 rule for saving money? ›

The 10% rule of investing states that you must save 10% of your income in order to maintain a comfortable lifestyle during retirement. This strategy, of course, isn't meant for everyone as it doesn't account for age, needs, lifestyle, and location.

What are the 4 steps to saving? ›

Let's start with your monthly budget.
  • Step 1: Make a budget. A written budget maps out your income and expenses by showing where your money goes, month-to-month. ...
  • Step 2: Plan your savings. That extra money can build for the future. ...
  • Step 3: Manage your debt. ...
  • Step 4: Invest.

What is the 3 saving rule? ›

This model suggests allocating 50% of your income to essential expenses, 15% to retirement savings and 5% to an emergency fund. This plan allows you to meet your immediate needs and plan for the future before you spend on anything else.

How to save $1,000 in 1 month? ›

The experts we spoke to recommended taking these steps.
  1. Analyze your finances. If you want to save $1,000 in a month, then you need to earn $1,000 more than what you spend. ...
  2. Plan your meals. ...
  3. Cut subscriptions. ...
  4. Make impulse purchases harder. ...
  5. Sell unneeded items. ...
  6. Find extra work.
Sep 26, 2023

How much should my bills be per month? ›

50% of your net income should go towards living expenses and essentials (Needs), 20% of your net income should go towards debt reduction and savings (Debt Reduction and Savings), and 30% of your net income should go towards discretionary spending (Wants).

How to live on $1,000 a month after bills? ›

Here's how to live on $1,000 per month.
  1. Review Your Current Spending. ...
  2. Minimize Housing Costs. ...
  3. Don't Drive a Car. ...
  4. Meal Plan on the Cheap. ...
  5. Avoid Subscriptions at All Costs. ...
  6. Negotiate Your Bills. ...
  7. Take Advantage of Government Programs. ...
  8. Side Hustle for More Income.
Oct 17, 2023

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