Five Ways To Cut Your Household Spending Habits
Family Life,  Lifestyle

Five Ways To Cut Your Household Spending Habits

Are you looking for ways to cut back on your spending habits? Here are some tips that will help.

Saving money is a hot topic of conversation right now, and most of us are looking for ways to curb our spending habits.

Even though some of our regular monthly bills might seem to be pretty small on their own, their cumulative effect can become a massive drain on our monthly resources.

However, there are ways that you can reduce your outgoing expenses and actually cut your spending habits almost in half. Read on to find out how you can do just that.

Is Your Spending Out Of Control?

First, you need to look at the spending that you do aside from your regular bills. Many people use platforms like Amazon, Target or other retailers to find bargains online, but if you are consistently overspending, you may want to figure out the reason why.

Some of us are emotional spenders. We tend to always feel that we NEED something, and are often easily swayed into buying items that we may not necessarily need.

There is nothing wrong with this. But if you want to cut down on what you are buying try taking a screenshot of the item, or saving it in your online shopping cart and revisiting it the next day.

If you still feel you need it then great, but if you don’t then you have saved yourself some money.

Often it is the impulse and emotional high you feel when shopping that is more addictive than the items you are actually buying.

Slash Your Grocery Bills

Cut Your Household Spending

After your mortgage or rental payment, the money you spend on groceries can be your next biggest expense – especially if you have a large family.

However, simple habit changes such as using a grocery list can make a huge difference. By writing down your necessary grocery items, and sticking to what’s on your list, you can cut down on a lot of impulse buying.

You should also check to see if your store has a rewards program. If so, be sure to sign up. You can usually download store coupons to an app on your phone and receive cash back on some purchases.

Another way to save is by purchasing store brands. Buying store brands can save you up to 30% according to Clark Howard.

“Try a store brand just once the next time you’re at the supermarket. If you like what you buy, you save money that time and every time going forward when you buy it again,” money expert Clark Howard says.

Don’t Auto-Renew Your Bills

Many companies save their best deals for new customers, so don’t allow things like your internet/cable bills and insurance premiums auto-renew.

Instead, make a note of when your contract or premium expires, and start the search for a better deal. This can save you money year after year.

You can often get a good deal with your current company by letting them know that you have found a better deal at XYZ Company, and will be switching. They will typically offer you a price match or an even better deal.

To save money on car insurance, check out companies that offer you lower rates if you have a safe driving record.

Cars with enhanced safety features installed can also earn you lower premium rates.

Focus On Your Debts

Credit Card Debt

We all have some form of debt. Whether credit cards, automobile loans, or even personal loans.

One way to drastically cut your expenses is to focus on paying off or consolidating debt. If you have credit cards for instance, your monthly payments could be eating up a big portion of your take-home pay, especially if you are simply paying the minimum due each month.

Any spare cash you get should go towards clearing the balance. The more you pay off, the more you save each month and those monthly payments get reduced significantly.

Are You Paying For Things You Don’t Need?

We can all sign up for multiple subscriptions and then forget about them. I’m speaking from personal experience here. It could be cell phone apps, cable TV packages, beauty boxes, or magazine subscriptions, for example.

Let’s take a look at some of the most common things we tend to pay for that we don’t absolutely need.

How about that morning coffee habit? You could start by cutting out your daily Starbucks coffee run, and instead opt for a reusable coffee mug so you can bring your coffee from home. Trust me, those savings add up.

What about those monthly entertainment expenses? You could downgrade from premium to basic cable to save money each month. Or how about eliminating your cable bill altogether (we did) with a much cheaper monthly streaming option like Hulu.

If you’re subscribed to a newspaper or monthly magazine that you know you don’t read, cancel your subscription at renewal.

And let’s not forget about those weekly take-out meals. You can save lots of money by eating at home. Planning out your meals can make this process a lot simpler. Simply write out what you want to eat for the next seven days and stick to it.


If you don’t have time to prepare your meals during the work week, prep your meals on the weekend. Then place them in portion controlled containers and all you have to do is grab your meal from the fridge and go.

You can even prepare meals ahead of time and freeze them for later.

Remember, these are funds that you are just throwing away. Spend some time going through your bank statements and identify the bills and outgoing expenses that you don’t need and get them canceled.

Final Thoughts

Cutting back on spending doesn’t have to be hard. By reducing your outgoing expenses and directing that money to other financial goals, you’ll be more successful in cutting your spending and adding to your overall savings.

I hope these tips help you when it comes to looking at cutting your spending habits in half. Let me know some of the ways you cut expenses in your household.


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