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When we talk about cutting our expenses down it can sound downright miserable!

No one wants to cut expenses because in some strange kind of way it feels like failure.

I can tell you right now that it’s not.

If you are having money troubles the smartest thing that you can do today is to drastically cut everyday expenses.

If you decide not to do this and continue spending money in the same way you have been your current situation will never get any better.

In fact, I can categorically tell you right now that life will get harder unless by some miraculous turn of events you either win the lottery or a distant relative leaves you their entire fortune.

Honestly how many of us will this happen to??

For the majority of us, we have to make cutbacks where possible so that we don’t end up facing financial ruin.

This might not be your situation.

Perhaps you are just fed up of not being able to save enough money for the things you really want or you are tired of living paycheck to paycheck.

It’s not a nice feeling but there are things that you can do about it.

Let’s take a look at some ways we can drastically cut our everyday expenses.

These are expenses that you need to get rid of now because they do you no favours.

 

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7 Expenses you can get rid of right now

 

1. Eating out

Yes, its good to eat out every now and again but you need to understand that this should be a treat and not something that you habitually do because you don’t want to cook when you get home from work.

After a hard days work it can be difficult to find yourself in the kitchen cooking when all you really want to do is to kick off your shoes and put your feet up.

I get you.

Maybe look for ways around this.

Batch cooking food is a great way to give yourself a break from the kitchen.

You can cook over the weekend and freeze your meals so that you can take them out as you need them without having to cook from scratch.

We do this in our house quite a lot and it saves hours of time.

Choosing to eat out a few times a week will completely blow your budget and could end up costing you an extra few hundred dollars a month.

 

Eating out expense

 

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2. Cable

Cutting your cable can seem brutal at first but hear me out.

Think about how many times you actually get to sit down and watch the TV.

Are you really making use of all those channels or are they just there for background noise as you get on with something else?

Consider reducing your monthly cable package if you can’t face cutting the cable altogether or get a subscription-based service instead.

Amazon Prime Video is a cost-effective service that you can use to watch all of your favorite TV shows.

You can try it free for 30 days here.

You might find this work out to be much cheaper for you.

You may also discover when you really think about it, there are probably only a few TV shows that you actually care about. If that is the case then I would definitely go down the subscription service route instead.

The great thing about this is that you can often cancel or pause your subscription as and when you want too so don’t always have to have it activated if things are looking too tight for the month.

 

3. Gym membership

Remember that gym membership that you keep saying that you are going to use?

You need to get rid of it – ASAP

If you haven’t been using it regularly and consistently for months on end you are not going to do it now.

According to Finder, 5.1 million Americans waste $1.8 BILLION on unused gym memberships per year!

That’s a whole lot of money.

Get rid of it.

If you do use the gym regularly then maybe you need to think about some other ways you can exercise instead.

There are plenty of videos on youtube that can show you how to use everyday items in your home as gym equipment.

I’m sorry but if finance is tight then this one has to go.

 

Family running

 

4. Name branded goods

Most of us are suckers for a good name brand but truth be told a lot of us have no business with name brands when our bank accounts are struggling to breathe.

Opt for store brand items when grocery shopping instead.

Your sneakers don’t have to be name brand either. There is a definite shift away from having to cringe with embarrassment because we are not wearing the latest brand.

Generic sneakers are just as good.

Look for what looks nice, is comfortable and more importantly what is within your budget.

 

7 things you need to drastically cut from your budget right away if you want to save money

 

5. Buying bottled water

This is one of the biggest wastes of money I can think of.

Water flows out of your tap at home, you already pay for it so why not use it.

I know you may not drink directly from the tab but you can always filter the water to make it pure.

Purchase a cheap water bottle and refill it each time you go out.

There is no need to keep buying bottles of water when you go out or even buy bottled water in packs from the grocery store.

This is an expense you should cut right now.

 

6. Willy nilly grocery shopping

Never just decide to pop into the grocery store without proper planning.

If you do this the chances are that you will leave with a whole lot of unnecessary items.

If you do need to grocery shop, do it only when you are well prepared for it and have a shopping list that you will stick too.

Meal planning is a great way to stay organized with your grocery shop.

If you want to go a step further consider using the $5 meal planner which is great for keeping your shopping as low as possible.

Each meal costs approximately $2 per person which is AMAZING.

You can give it a try free for 14 days here.

 

Grocery shopping

Drastically cut your everyday expenses with controlled spending and budgeting

 

7. Cut your phone costs

Take a look at your phone usage and see if the package you have still fits your needs.

Most of us have these fancy all singing and dancing phone tariffs and if we look at it closer we may not be even using most of the features we are paying for.

If you are not really much of a phone talker then perhaps you should think about lowering your price plan.

Pay as you go could be a great option for you.

 

Final thoughts on drastically cutting everyday expenses

 

Whilst these items individually may not seem like they can make big changes to your monthly budget, making small changes can, in fact, help you to save a few hundred extra dollars each month.

Those extra dollars can really help you make a dent in your debts.

Don’t be discouraged by having to cut back on expenses.

It’s better to look at your long term goals and use that as your motivation to keep pushing forward to your financial freedom.

One thing I have realized is that you should never turn your nose up at small savings because eventually, they do add up to make a considerable difference.

If you have a budget you can’t go wrong.

 

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drastically cut everyday expenses

 

7 things you need to drastically cut from your budget right away if you want to save money