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100 Expenses to cut from your Budget TODAY part 1


100 Expenses to cut from your Budget TODAY

Are you looking to supercharge your savings and take control of your finances?

One of the most effective ways to achieve financial stability i by cutting unnecessary expenses from your budget.


I present you with a list of 100 expenses that you can eliminate or reduce starting today. By making strategic adjustments to your spending habits, you'll be on your way to saving more money and reaching your financial goals faster than ever before.


Let's dive into the list and discover the expenses you can trim from your budget without sacrificing your quality of life.


1. Cable or satellite TV subscription: Cancel your cable or satellite TV subscription and consider streaming services or free online content instead.


2. Gym membership: Cut your gym membership and explore free or low-cost ways to exercise, such as jogging or using home workout videos. You can always work out with a partner or friend which can offer numerous benefits that go beyond just physical fitness, like motivation, accountability, support and bonding.

two women working out

3. Daily coffee shop visits: Save money by brewing coffee at home instead of buying expensive drinks from coffee shops.

Extra Tip: the numbers will literally shock you. If you drink coffee every day, you’ll be spending at least $3.65, the cost of a Starbucks latte. That’s $25.55 per week, which is Union coffee beans ($115.00 for 6.6lbs which should last a year), my favorite espresso maker (Breville's The Barista Pro, which is $849.95); and still have $363.65 left over. That will more than cover the cost of running a coffee maker (electricity will cost $3 and water will be similar). Espresso makers should last at least five years, so you will be saving at least $5,700 over the course of five years. That’s money you'll want to keep.


4. Eating out at restaurants frequently: Reduce the frequency of eating out and opt for home-cooked meals to save money on restaurant bills.


5. Pre-packaged or convenience foods: Cook meals from scratch using fresh ingredients instead of relying on expensive pre-packaged or convenience foods.


6. Subscriptions to magazines or newspapers: Cancel magazine or newspaper subscriptions and access news and articles online for free.

reading the news online

7. Unused or unnecessary streaming services: Evaluate your streaming service subscriptions and eliminate any that you rarely use or don't need.


8. Bottled water: Invest in a reusable water bottle and fill it with tap water instead of buying bottled water, which can be expensive and harmful to the environment.

Extra Tip: Case studies have shown that by switching from plastic bottles to a reusable water bottle each American saves c. $260 annually. The easiest money-saving solution is to buy one reusable bottle and get back its value with a couple of weeks of use. There are many readily available choices in almost any retail store. You can find reusable neoprene, glass or stainless steel bottles easily online. I am a huge fan of the Brita brand and was recently gifted their Premium Filtered Water Bottle that I use every single day. You can find it here: Brita Premium Filtered Water Bottle with Straw


9. Brand-name cleaning products: Opt for cheaper generic cleaning products or make your own cleaning solutions using basic household ingredients.


10. Dry cleaning expenses: Learn to care for your clothes at home and avoid frequent dry cleaning, which can add up in costs.


11. Impulse purchases: Practice delayed gratification by waiting 24 hours before buying non-essential items to avoid impulse purchases.


12. Buying new books: Utilize your local library for borrowing books or buy used books at a fraction of the cost of new ones.

bookshelves of library

13. Brand-name clothing: Shop at thrift stores or wait for sales to save money on brand-name clothing.


14. Premium or designer cosmetics and skincare products: Look for affordable alternatives to high-end cosmetics and skincare products.


15. Expensive mobile phone plans: Evaluate your mobile phone plan and consider switching to a cheaper provider or a prepaid plan that suits your needs.

Extra Tip: Currently 2 different providers have great plans that offer flexible terms and some of the best deals out there, that you should check out:

- With Tello you can get a single-line plan or take savings to a family level. Combine calls, text and date as you please. Plus, free calls to 60+ Countries with every Tello phone plan! Check them out at the following link: https://tello.com

- Mint Mobile is the easy, online way to get premium service for as little as $15/month. No retail stores, no inflated prices—just huge, direct-to-you savings on unlimited nationwide talk and text with crazy-fast data speeds. Check them out below:

Tello and mint offers

16. ATM fees: Avoid unnecessary ATM fees by using your own bank's ATM or getting cash back when making purchases at stores.


17. Lottery tickets or gambling expenses: Eliminate or significantly reduce expenses on lottery tickets or gambling to save money.


18. Premium cable channels or add-ons: Downgrade your cable package to include only the basic channels and eliminate premium add-ons to reduce costs.


19. Alcohol or excessive drinking: Cut back on alcohol consumption or limit it to special occasions to save money.


20. Movie theater tickets: Opt for streaming services or rentals instead of going to the movie theater, which can be costly.


21. Professional haircuts: Learn basic haircutting skills or find a more affordable salon to save money on haircuts.


22. Manicures or pedicures: Do your own manicures and pedicures at home instead of paying for salon services.

Extra Tip: I used to go get my nails done monthly and never really did something fancy, mainly a shorter, clean looking French tip or ombre style, but would still pay around $40-$50. A manicure cost anywhere between $25 to $75, which accumulates to $300 to $900 on an annual basis. That's quite a sum, especially if you also add the pedicures to it! Consider doing your own manicures and pedicures at home instead of paying for salon services. You could buy an amazing Professional Nail Drill Kit, like I did, buy a quality Base and Top Coat, a few Gel Nail Polishes in colors you like and a good UV LED Nail Lamp and your done. For the price of one mani pedi, you can have beautiful nails all year round! Below is a picture of my nails that I did on my own. Mind you I have been doing this for almost a year now, but can you tell the difference from a professional one?

Homemade manicure

23. Disposable razors: Switch to a safety razor or invest in a reusable razor to save money on disposable razors.


24. Brand-name medications: Ask your doctor or pharmacist about generic alternatives to expensive brand-name medications.


25. Premium pet food: Consult with a veterinarian to find affordable pet food options that still meet your pet's nutritional needs.


26. Home decor items: Repurpose items you already have or DIY your own home decor instead of buying expensive items.


27. Birthday or holiday presents for adults: Consider homemade gifts or alternative ways to show appreciation without spending a lot of money.

Extra tip: Check out my articles on 50 ideas for homemade gifts and get inspired for some DIY craft projects to prepare as presents for the holidays or birthdays of your loved ones. I am sure you'll find some gems in there you can make for cheap!


28. Magazine subscriptions: Cancel subscriptions to magazines and explore free online content instead.


29. Expensive hobbies: Find budget-friendly alternatives or explore free hobbies to reduce costs.


30. Landline phone service: If you have a cell phone, consider eliminating your landline phone service to save money.


31. Multiple streaming service subscriptions: Consolidate your streaming service subscriptions to one or two that offer a wide range of content you enjoy.

too many subscription services

32. Premium or unnecessary mobile app subscriptions: Review your mobile app subscriptions and cancel any that you don't use regularly or find unnecessary.


33. Movie or concert tickets: Look for free community events or cheaper alternatives to attending movies or concerts.


34. Daily newspaper deliveries: Access news online for free instead of paying for daily newspaper deliveries.


35. Disposable products: Replace disposable items like paper towels, plates, straws, and utensils with reusable alternatives to save money in the long run.

Extra Tip: I recently got some reusable ice cubes! Yes, you read correctly. Ice cubes! And they are amazing! Just toss them in the freezer and when you need to use them they are ready. Very easy to clean and use and it don’t leave your drink tasting all watered down which in my book is a complete plus.


36. Late payment fees: Pay your bills on time or set up automatic payments to avoid costly late payment fees.


37. Non-essential kitchen gadgets or appliances: Avoid purchasing kitchen gadgets or appliances that you rarely use or don't truly need.


38. Shopping for clothes when you have a full wardrobe: Assess your existing wardrobe before purchasing new clothes to avoid unnecessary spending.


39. Excessive data usage on mobile plans: Monitor your data usage and reduce unnecessary data consumption or switch to a more cost-effective plan.


40. Extended warranties: Most products come with sufficient warranty coverage, so avoid purchasing unnecessary extended warranties.

warranty

41. Buying in bulk without proper storage or use: Only buy in bulk when you can store and consume the items before they expire to avoid waste.


42. Home delivery services: Do your own shopping instead of using home delivery services to save on delivery fees and potential impulse purchases.


43. Impulse purchases at the grocery store: Stick to a shopping list and avoid buying items on a whim to save money.


44. Premium or specialty pet treats: Opt for affordable pet treats or make your own at home using simple ingredients.

Extra Tip: Find an amazing recipe for homemade peanut butter dog treats at my favorite cookie inspiration blog: https://www.thecookierookie.com/pb-dog-treats/

homemade dog treats

45. Professional car washes: Save money by washing your car at home instead of paying for professional car washes.


46. Eating out for lunch: Pack a homemade lunch instead of eating out during lunchtime to save money.


47. Premium or unnecessary insurance coverage: Review your insurance policies and eliminate any unnecessary coverage to reduce costs.


48. Excessive online shopping: Limit unnecessary purchases and practice mindful spending to avoid excessive online shopping.


49. High-speed internet plans: Downgrade your internet plan if you don't require high speeds or consider switching to a cheaper provider.


50. Excessive gift-giving: Set spending limits or consider alternative ways to show appreciation without spending a lot on gifts.


Remember, this is not about depriving yourself of enjoyment or cutting out things that bring you happiness. It's about aligning your spending with your values and priorities while eliminating the excess that may be hindering your financial progress.


Every small step counts, and with each expense you eliminate, you bring yourself closer to financial freedom and peace of mind.

To be continued...

With love and financial empowerment,

E

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