4 Ways to Cut Expenses Without Leaving the House

May 9, 2012 | Posted By: Sandy Landsford | Categorized in: Finance
Everyone looks for simple ways to cut costs, but itís oftentimes overwhelming or seems like too much of a sacrifice. However, itís actually much easier than you expect if you just take a little time to think about where your money is being wasted unnecessarily. Just find a few areas around the house that you can cut back and create new habits that save you cash, and youíll be on your way to bulking up your savings, making life easier and stress-free.

Lower your bills

Take a few minutes out of your day to check out how much you pay for your bills, specifically your insurance costs and other monthly drains on your account. Research alternatives (different companies and/or different plans) until you find what works for you without unnecessary waste at a reasonable price. Chances are, youíre paying for extra coverage, minutes, channels, and uploading speeds that you donít really need and could easily do without. After that, all you have to do is make a few phone calls and youíll have extra money staying in your account every single month, and because youíll know exactly how much youíll be saving, you can even create a direct deposit into your savings to avoid accidentally spending your newly found cash.

Bundle up

By turning your thermostat down a little in the winter and up a little in the summer, you save a bunch of money that would be going to the energy company. Wearing a sweater and some socks isnít that difficult, and it shouldnít make you that uncomfortable, but it will add to your savings and save your heater from extra wear and tear. Also, be sure itís not running unnecessarily, like when youíre gone or asleep, and youíll breathe easier knowing your cash isnít getting burned up to heat an empty house.

Ditch the dryer

Your dryer is one of the most energy-sucking appliances in your house, and it makes your clothes wear out more quickly, which means it hits your wallet twice when you continuously pop your things in the dryer. Your best bet is to get into the habit of hang-drying your clothes. A clothesline and some clothespins are extremely cheap, and air-drying clothes out in the sun will get your clothes dry and fresh without the extra energy cost or the wear your clothes.

Even cutting the number of dryer loads in half will save you a significant amount of money if you do laundry multiple times a week. If you canít hang-dry clothes because you live in an apartment or it rains constantly, you can at least avoid using the dryer for small loads or single pieces.

Eat at home

For this one, not leaving the house is the key to saving cash. Eating out is costly in multiple ways you donít think of, including car costs, gas, and parking. It can also often take a surprising amount of time and is usually much less healthy than eating at home. If you eat out more than once a week, you might want to consider cutting back and making simple dinners at home instead. It doesnít take much time or work to cook some rice, vegetables, and meat, and even nicer meals will cost much less when prepared at home. The more you cook at home, the better you get and the more variety you can bring into your cooking. Itís not that difficult, and can easily save you hundreds a year.

Saving money doesnít need to be complicated or involve much more than being conscious of your actions. If you pay attention to where your money is leaking from, you can quickly save a chunk of cash for vacations, savings, or retirement by stopping unnecessary waste and creating better habits.

Author Sandy Landsford is an accountant and blogs for carinsurance.org.uk, a site where you can get cheap car insurance. Get a quote today!
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