Four Ways to Cut Your Household Expenses this Year

by katie
As a new year begins, cutting costs and saving money is a popular resolution for people all over the world. Whether you’re hoping to save money towards a new family home, put away for a dream family vacation or simply want to decrease the amount that your household spends to improve the balance of your savings account for the future, there are several simple changes that you can make to see big improvements over time. We’ve put together some top tips to help you decrease your household expenditure this year.

Exercise Outdoors

While going to the gym is a great way of keeping fit, ask yourself if it’s really worth paying the money for. Unless you visit the gym for a long workout every day or take advantage of included classes and programs, then you might not be getting your money’s worth when it comes to your membership. Instead, consider free, alternative methods of getting active such as jogging, cycling, or even walking the family dog. You can also save money by exercising at home with workout DVDs, yoga tutorials, and using everyday household items as weights. For more information on saving money on exercise, check out this Planet Fitness cancel membership letter that you may benefit from.

Packed Lunches

If you prefer to just buy your food whilst on your lunch break or allow your kids to purchase their meals from the school canteen, then you’re not alone. This is definitely a convenient option. However, over time, the cost can quickly add up and you might be surprised to discover just how much you and your family are spending each day on food alone. Instead, make packed lunches to take into work or school; sandwiches, salads, soups, and pasta are all easy-to-make options that the whole family can enjoy.

Shop in Thrift Stores

Shopping in thrift stores used to be something many people avoided, but it’s become more and more fashionable in recent times, particularly due to the rise of vintage fashion. Clothing your family can be an expensive affair, so why not try and find pre-loved items instead of buying new? In addition, buying from thrift stores is the eco-friendlier choice, helping you to reduce your carbon footprint and do your bit for the environment.

Compare Utility Prices

One of the main areas on which many families can save money is the price of utilities for their home. If you’ve been signed up to the same companies for your gas, electricity, and broadband for a while, then chances are you will find that there are cheaper deals available, even if you had the best deals at the time. Since utility companies are always competing against one another, frequently checking comparison sites to ensure that you’re getting the best price is a good way to ensure that you don’t spend more than you need to.

Are you going to try and spend less and save more this year? We’d love to hear your plans for achieving this – let us know in the comments below!

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