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How To Spend Less Money: 7 Simple Tips


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how to spend less money

Are you the type that always hopes to save a few dollars for emergency needs but ends up with unpaid bills at the end of the month? If yes, know that many are in this category. Some take multiple side jobs to make ends meet but end up wondering, “where did my money go?” at the end of the day.

While you are trying your best to afford necessities, there may be multiple unnecessary expenses you’re unaware of, causing you to lose money. Below are tips that will help you spend less and save more.

1- Create a Budget for Groceries and Stick To It

Try penning down every dollar you have spent on groceries and expect to be shocked about how high it is. If you have kids, it gets worse. There will be instances where you go shopping with your kids and end up buying unbudgeted goodies or chips. These items might seem minor, but they add up and become unreasonably high.

You can avoid this by always making a list of what you need and checking what you already have to avoid unnecessary spending. Make sure your kids stay home when you go shopping; it will stop you from purchasing unnecessaries.

You can also opt for online grocery shopping, now available at many stores. By doing this, you won’t be tempted to buy fancy items that might catch your eye while searching for the household supplies you actually need. You are on the road to spending less, don’t create room for impulse purchases.

2- Reduce Your Energy Bills

Taking steps to help reduce the amount spent on electricity and water will leave you with more cash. All you need is the willingness to make a few adjustments. Try reducing your time spent in the shower, have your leakages fixed, and use dim switches.

Additionally, there are energy-saving appliances available to help cut your energy costs. If you can afford to purchase them, they will save you a lot of money over time.

3- Cut Your Phone Bill

Many people have phone bills as high as their grocery costs. Avoid expensive data plans and an unneeded warranty to help you save more money. You can also manage cell service costs by ditching the phone insurance. If your service provider seems to be the issue, feel free to try out another. It pays in the long run.

4- Do Not Subscribe to Emails

Email marketing is another money-eating bacteria. If you are susceptible to bait like this, don’t subscribe to emails. If you’ve done that already, find a link to unsubscribe at the bottom of the emails. They will stop impulse purchases and save you a few dollars.

5- Automatic Subscriptions? Have Them Canceled

You are probably losing money to subscriptions like Spotify, Netflix, Prime Video, and Hulu, which you only use once in a while. You may also be paying for subscriptions you’re unaware of, such as random apps you used 7-day tree trials for. Suspend your subscriptions to those you no longer need.

Also, remember to refrain from allowing the auto-renewal of your services after making a purchase; it prevents unexpected deductions from your funds. When you see a need for them, subscribe again. Just ensure they are not blowing your budget.

For subscriptions you can’t do without, manage their costs by using them with a family member or a friend. If you use the upgraded account, you can share memberships on Hulu and Netflix.

6. Switch to Generic Products

Switching from name brands to generic products is one of the best money-saving tips. More times than not, how well the product is marketed is the only perk of name brands. You pay extra dollars, and they come in a nice box with a creative logo, but most don’t go further than that.

On the flip side, generic products cost much less than brand-name products. Their packaging is not as attractive, but if they work the same, does it really matter? Consider generic food supplies and household items if you wish to spend less.

7. Give Cable the Boot

We all know the rate at which cable prices are skyrocketing. An average household spends at least $200 every month, and with the extra charges, most give up about $2500 annually. Watching your favorite channels without cable is possible with network apps and services. However, don’t go around subscribing for services you won’t need. Look out for the ones you are truly interested in and sign up.

Other Steps To Take

  • Make your bank save you a few dollars automatically
  • Pay your debts to avoid unnecessarily high-interest rates; if you are a student, consider taking loan exit counseling
  • Don’t misuse extra funds or bonuses.
  • Reduce eating out; try making your meals at home or packing your lunch
  • Make your own coffee and save a few dollars
  • Borrow books from the library instead of buying them
  • Put items you no longer need for sale


Start your journey towards a financially capable future by following the above tips and spending less. This might be uncomfortable at first, but it is worth it at the end of the day. You will have more money to purchase necessities and even save in case of emergencies.

If you need an urgent cash advance at reasonable interest rates, you can check out trusted online lenders like MoneyZap. We offer loans as low as $100 all the way up to $1,000 without draining application processes. Approval is within 24 hours, and you will have competitive rates to select from.

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Frank is a graduate of the Master's program in Economics Sciences. He has been passionate about writing in the financial niche. He enjoys discovering new ways to improve personal wealth and sharing them with his readers. In addition, Frank likes to travel and play board games.

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