Home Articles Money Matters Practical Tips for Saving on Household Bills and Expenses
Practical Tips for Saving on
Household Bills and Expenses
Practical Cost-Cutting Tips at Home
Take Control of Your Family’s Most Essential
Are you “over” advertisers trying to sell you on easy government grants or breathing techniques
that lead you to wealth, or a “cure” to your debt? Whatever it’s being called today, these alleged
wealth-building schemes prey on people down on their luck, so to speak.
When the chips are down and your income has been reduced here are a few of the most common
AND essential household expenses and tips for stretching your buck and streamlining expenses:
A roof over your head and a safe haven for your family is a priority survival expense. If you have
a mortgage or rent make this bill a top priority. Alternative living situations include moving in
with family in the case of a rent, or renting out a room in your home if you pay a mortgage.
If you are not bound to a sub-prime mortgage, you could qualify for a loan modification or
mortgage refinance when the Homeowner Affordability Stability Plan * takes effect.
Keeping your home warm and lit is a priority. However, most consumers can make multiple
adjustments in habits and behaviors that collectively will create nearly instant and visible savings
in monthly bills:
Lower your heat settings
Lower your temperature on the hot water heater
Turn off any and all lights when not in use
Shut down computers when not in use
Replace incandescent light bulbs with compact fluorescent bulbs and use 75% less energy **
Install dimmers for overhead lights
Cancel cable television subscriptions
Downsize your cellphone plan
Check out your state’s energy assistance program.
It’s a bad idea to try and survive without your prescribed medications or those of others in your
family and household. In the end your healthcare costs will suffer, likely in response to neglect.
Here are a few smart options for slashing pharmacy costs:
Ask your pharmacist for a generic version of a brand-name medication or over the counter alternatives.
Shop where you can get a good deal on prescription meds; for example, Walmart’s $4 and $10 discount
drug program includes dozens of prescription drugs. You can also buy over the counter drugs in the same price
Putting food on the table is one of your top priorities, but when it comes time to “hunt and
gather,” so to speak, here are a few tips. Use them collectively to make a difference:
Don’t go to the grocery store hungry
Take a list and have a budget
Use a calculator and add up items as you go along; once you’ve met your budget stop shopping.
Clip coupons and shop the local grocery sales.
Stock up on buy-one-get-one-free deals
Shop for food items that are staples or ingredients you need to create meals and dishes
Eliminate spendy snack items and soft drinks
Buy in bulk
Control eating-out habits
Cut your morning latte habit and make coffee at home
Local farmers’ markets are often much cheaper venues for fresh produce