Ways to Save More $

6 Simple Ways to Save on Your Monthly Expenses


1. Slash your grocery bill significantly by doing the following:

  • Clipping coupons from newspapers or supermarket flyers
  • Using Groupon for deals at local establishments.
  • Buy store brands. Most times they match up to the more expensive brands. Dave Ramsey says, “It pays to be brand un-loyal.”
  • Never go to the grocery store without a shopping list and always stick to it.
  • Dinner is the most expensive meal. Make it a big productions sometimes but not every day of the week. Plan simple healthy meals a few days per week.
  • Check out store specials ahead of time so you can get specific items at the store with lower price (if it won’t eat up your gas to go there of course).

2. Eat at home and bag your lunch. You might be surprised how much you can save by doing this. Try it for a month and track your progress. Note: If you buy lunch every day for $5 (and that’s cheap), in a month you will save $100; not to mention your daily coffee.

3. Think of ways to make fun with the kids incurring no or very little cost. How about weekly trips to the library? Make the event fun by building up the experience and plan the fun adventure ahead of time.

4. Borrow movies from the library instead of buying.

5. Simply ask for a discount. If you are paying cash, paying off a bill at once, or are a loyal customer you have more leverage than you think. Simply ask your car insurance carrier, for example, for a discount to pay upfront and/or for   being a loyal customer.

6. Shop around for the best deals on ALL your expenses. For example, did you know that in many states, energy is deregulated? What that means is that you now have the choice who supplies you gas and/or electricity. You now have the option of selecting a lower rate. Note: Only a fixed rate is guaranteed. Variable rates can go up or down.

There are many other ways to save money that we will continue to share on our blog for individual households as well as businesses. Please check out our blog for more great tips and savings.

To shop for lower rates on your household expenses, click here and view rates that you can compare with your current expenses.

The Importance of Having a Savings Plan

  • You will want to save for emergencies. It is imperative that you set aside 3 to 6 months of your monthly expenses in an Emergency Fund.
  •  You will want to save for retirement. The sooner you begin this is the better and you will want to be putting aside about 10% of your gross income.
  •  You will want to save to purchase a home. You are able to negotiate better when you have a large down payment and you will receive a better interest rate.
  • You will want to save for vacations. All work and no play makes Jack and Jill two dull individuals. So if you work hard, you ought to play hard. However, it is important that you save for it so that you do not end up creating debt.
  • You want to save for your children’s college fund. With the high and ever-rising cost of college tuition, it is important that parents start early to put aside funds for this expense, such as in a 529 college savings plan.
  • You will want to save for personal development or other educational advancements. Life is a learning experience and you should continually be striving and growing. That takes an investment in courses, books, and/or CDs.
  • As a business owner, you will want to invest in a coach. With their experience, a coach can help in several areas, including bringing fresh perspectives on ways to accomplish your goals. Be sure to pick a coach wisely.
  • You will want to save so you can plant seeds when the opportunity arises. When someone is in need and you are in a position to help, there is great satisfaction and reward that will be the harvest of you the giver; not to mention the tremendous blessing that the receiver will obtain.



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