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Need to find more money in your budget? Evaluating your monthly expenses is a good place to start.
Small tweaks can help you save on everything from groceries to homeowners insurance. Big-ticket items such as rent, mortgage and car payments require more legwork, but can yield a bigger budget boost.
Here's how to lower your bills and save on your monthly expenses in these categories:
Lowering your housing costs is a heavier lift than, say, trimming your grocery bill, but doing so can yield big savings. Learn how you can save on your rent, mortgage and homeowners insurance.
Your monthly utilities are a smart place to look for quick savings. Small tweaks like adjusting your thermostat, signing up for automatic payments or canceling HBO can add up to major savings.
Transportation costs, whether for a car or a monthly metro pass, fall squarely into the “needs” category of most budgets. Find more room in your budget by lowering what you spend on getting around every month.
You don’t need to resort to peanut butter sandwiches or instant noodles to cut your food costs. Instead, switch to store brands at the grocery store and take advantage of happy hour deals when dining out.
Yes, you can get relief on debt payments. Consider refinancing or consolidating debt to lower your monthly payments. Federal student loan holders have additional options, including income-based repayment.
You monthly subscriptions may not feel like a lot, but $7.99 here and $9.99 there can add up quickly. Use these tips to chip away at your membership fees.