If you are trying to save money, cutting out a few monthly expenses can make a big difference. Here are 10 household expenses you should cut in 2019.
Are you drowning in debt? Or perhaps you just want a little extra money to set aside. There are all sorts of reasons to want to make household cutbacks, but it can be overwhelming deciding which expenses to let go. You can make a huge difference to your household finances by making the right cuts, and free yourself of financial burdens you no longer need. Look below at these 10 household expenses you should cut in 2019, and see how financial freedom isn’t that far behind!
10 Household Expenses You Should Cut in 2019
1. Traditional cable.
When it comes to television options, you have so many choices these days. You no longer have to settle for pricey cable bills. Instead, evaluate your needs and see if less expensive options such as Roku, Hulu, Amazon Digital Services, or Sling are right for you. Here are 4 low-cost alternatives to cable.
2. Credit cards with annual fees.
Credit card interest is already tough enough on your budget. If you are still using a card with an annual fee, this is one of the first household expenses you should cut. Instead, move the balance to another card with a low-interest rate and no fee. Then, cut the card up and close the account. Here are ways to stop using credit cards and here are tips for paying off your credit card debt.
Don’t pay hefty hourly fees for a housekeeper or maid service. Instead, make a monthly calendar that assigns a few cleaning tasks a week. Complete these tasks yourself and you will not only save money but feel a sense of accomplishment. How to create a cleaning schedule that works for your family.
4. Meal delivery services.
Yes, these meal subscription boxes are fun, but you are paying for the convenience of them. Instead, find similar recipes online and buy the ingredients yourself. This is a great way to try new meals without paying the hefty box subscription fees. Or check your local grocery store for meal boxes. Many have them now and it allows you to pick up a prepped meal when you are really crunched for time without having to have a regular subscription. If you want to cook from scratch without meal boxes, here are tips for finding time to meal prep at home.
5. Cut back on electricity usage.
You CAN lower your electric bill with a little effort. Make sure you are using energy efficient light bulbs and appliances. Use automated timers to shut off lights and electronics when not in use. Unplug items when not in use, and make sure the family is more aware of their usage. Every bit helps. Here are some easy ways to save money on your electric bill.
6. Cut back on water usage.
Place a timer in the bathroom for showers and make sure all leaks are fixed. Wash clothing and dishes only when you have a full load. These are simple fixes that are sure to reflect on your water bill. Here are 5 ways to conserve water.
7. Lawn care.
With so many tutorials online, anyone can provide their own quality lawn care. Let go of your pricey landscaping services and try the DIY approach, or hire a high school student to help you out for a fraction of the cost of a lawn service.
8. Newspaper and magazine delivery.
With everything available online these days, paying for these subscriptions can be another expense you just don’t need. Go paperless and you will cut back on expenses and paper waste at the same time.
9. Paper products.
Going paperless is an easy way to cut back household expenses. Try letting go of household paper products like paper towels, plastic baggies, and napkins. By using cloth and reusable versions you can not only reduce waste but save money too. Here are 7 ways to use fewer paper products.
10. Your landline.
Weigh the pros and cons of using a landline phone and see if you really need one. With cell phone plans being so cheap these days, many families are dropping the landlines and opting for cell service instead. If you feel you need a landline, then do some comparison shopping, there may be a lower priced plan that will work for you.
11. Unused Memberships and Subscriptions
Do you have memberships or subscriptions that you aren't using? Have you forgotten about the cost because they are on autopay? Cancel those unused items now. $19.99 a month may not seem like much, and since it is on autopay, you might not even think about it, but that adds up to $239.88 a year. Several unused memberships or subscription services can quickly add up to over a thousand dollars of wasted money each year.
Cutting your household expenses in the New Year can be easy and profitable. Weigh some of these options and see if a few aren’t ideal for you and your household.