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 to save money on your 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 $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 to save $500 in a month? ›

Save $500 in 30 Days Challenge
  1. Cut back spending on food and entertainment. Depending on your particular financial circ*mstance, you may have to make some big cuts to your budget in order to save $500 in one month. ...
  2. Sell things you no longer need. ...
  3. Take on extra work. ...
  4. Make daily goals.

How to get cheaper bills? ›

How to save on water, gas and electricity
  1. Choose paperless billing.
  2. Pay by direct debit.
  3. Use a smart meter.
  4. If you've got older appliances, upgrading to more energy efficient ones could save you money in the long term.
  5. Shower instead of having a bath.
  6. Wash at lower temperatures and use eco cycles to cut your water bill.
Dec 12, 2023

How to make extra cash? ›

  1. Freelancing. Freelancing is a tried-and-true way to earn extra money and deserves a top spot on any list of easy side hustle ideas. ...
  2. Pet Sitting and Doggie Day Care. ...
  3. Dog Walking. ...
  4. Tech Setup Services. ...
  5. Blogging. ...
  6. Senior Sitting and Companion. ...
  7. Babysitting and Child Care. ...
  8. Personal Assistant.
Mar 1, 2024

What is the 50 30 20 rule? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

Is saving $100 a month good? ›

Your Retirement Savings If You Save $100 a Month in a 401(k)

If you're age 25 and have 40 years to save until retirement, depositing $100 a month into a savings account earning the current average U.S. interest rate of 0.42% APY would get you to just $52,367 in retirement savings — not great.

How to be cheap? ›

12 Tips for Frugal Living
  1. Choose quality over quantity. ...
  2. Prioritize value over price. ...
  3. Use credit wisely. ...
  4. Declutter regularly. ...
  5. Use a budget to guide your spending. ...
  6. Know the difference between wants and needs. ...
  7. Be a savvy consumer. ...
  8. Prioritize your values.
Oct 17, 2023

How to live on very little money? ›

These seven tips may be able to help.
  1. Understand your current financial habits. Not sure how to start spending less? ...
  2. Create an effective budget and stick to it. ...
  3. Look for ways to reduce spending. ...
  4. Set financial goals for future success. ...
  5. Save for emergencies or major purchases. ...
  6. Pay down debt. ...
  7. Stay aware of lifestyle creep.

What is cash stuffing to save money? ›

Cash stuffing involves putting money in envelopes earmarked for various spending categories — like rent, groceries, entertainment and gas. Once you use up all the money in a given envelope, you aren't allowed to spend any more in that category until the following month.

Is saving $1,500 a month a lot? ›

Saving $1,500 per month may be a good amount if it's feasible. In general, save as much as you can to reach your goals, whether that's $50 or $1,500. You could speak with a certified financial planner to help develop a plan for your finances if you aren't sure how much money to save regularly.

How to cut back on spending? ›

7 effective tips for reducing your expenses
  1. Know where your money goes. Writing down what you spend for a week has been found to improve financial confidence. ...
  2. Create spending categories. ...
  3. Only spend on what matters most. ...
  4. Make the most of “monthlies” ...
  5. Eliminate impulse buys. ...
  6. Save on interest where you can. ...
  7. Consider deferment.

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).

What is the 50-30-20 rule of money? ›

Key Points. The 50-30-20 rule is a simple guideline (not a hard-and-fast rule) for building a budget. The plan allocates 50% of your income to necessities, 30% toward entertainment and “fun,” and 20% toward savings and debt reduction.

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

How to Live on $1,000 a Month
  1. Assess Your Situation. You can't really learn how to manage your money better if you don't know where you're starting from. ...
  2. Separate Needs From Wants. ...
  3. Lower Your Housing Costs. ...
  4. Get Rid of Your Car. ...
  5. Eat at Home. ...
  6. Negotiate Your Bills. ...
  7. Learn to Barter and Trade. ...
  8. Get Rid of Debt.

What is the 30 day rule? ›

The premise of the 30-day savings rule is straightforward: When faced with the temptation of an impulse purchase, wait 30 days before committing to the buy. During this time, take the opportunity to evaluate the necessity and impact of the purchase on your overall financial goals.

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