Everyone is always looking for ways to save money. Many of the ways that people know are tiny tic-tac ways that help them reduce money, like from the things they buy but what about the monthly expenses we have? We usually have a whole lot of monthly bills and expenses but with the world today, we can actually cut a whole lot of this down or even completely eliminate them, but sometimes we are just too lazy.
One of the first things that we can do to ensure that we actually start saving money is not be lazy, only then, we can start taking the initiative and action on any external or internal advice we receive. Some of these things are something we overlook because we just don’t want to do them, it involves us in squeezing in with the others. So without anymore further delay, here are the 10 most effective ways on how to reduce monthly expenses.
Use Public Transportation
One of the most effective ways on how to reduce monthly expenses is to use public transportation. Travelling in your own personal vehicle can be really expensive, gas is expensive, tolls, road taxes, etc. But if you use the public transport, you won’t pay many of these things, and most of your journey will only cost from $1 to $5, so with that in mind, you can definitely save a whole lot of money in general.
Sell Unused Items
Most of us have a lot of unused items that we have accumulated over the years, and most of us will throw them away, but most of these items are still usable and some might not even be used that much, you can actually sell these things instead of just throwing it away. If you are feeling a little more generous, you could even donate to the homeless shelter so those people in need will be able to wear good clothes.
Unplug All Unused Electrical Devices
We all love watching vampires on the television, sometimes it is scary, sometimes it is funny, and sometimes it is romantic. But did you know that there are real vampires, right in our own humble homes? I’m sure you didn’t know but these vampires are sneaky, they don’t suck on blood, they suck on the electricity and you’re the one paying for it. So all you need to do to eliminate these electricity vampires is to unplug any unused electrical devices, and you can start to see a reduction in your monthly electricity bill.
Cancel Club Memberships
Once upon a time when we had a whole lot of time to spare, we got memberships for certain places we always went, where we need to pay a monthly fee. Some of these memberships could be a gym membership, store membership, club membership, but as life goes on, sometimes our interests will change and we find ourselves no longer visiting these clubs, so you should consider cancelling them, so they do not drain your money from your bank account.
Reduce Or Eliminate Your Cable Bill
With the rise of internet and watching movies and series we love online, most of us don’t need cable anymore. So with that being said, for those who still watch the television, you might want to consider stopping and watching it on your desktop or laptop, it is free and you will only be paying one bill and that is your internet bill. That is 1 bill less you need to pay monthly, and you can watch your favourite shows anytime and anywhere that is comfortable for yourself.
Look For Inexpensive Entertainment Options
One can also look for inexpensive entertainment options, as mentioned above, you can watch all of your favourite movies and series online for free. Entertainment such as the theater can be expensive now, consider just watching it online. But this can be applied to many other things instead of just movies, it can be something as simple as eating out or even staying at a hotel, opt for a cheaper one.
Reduce Travel Expenses
Travelling can be a really expensive activity sometimes, depending on where you are going and how you are going to get there, it is important for you to consider all options for spending less on travelling. If you manage to save money on travelling, then you will be able to do a whole lot more at your location instead of spending most of it on getting there. In general the more you can save, the better off you will be.
Cancel Newspaper And Magazine Subscriptions
Some are subscribed to newspaper or magazine companies, this is such a waste, most of these things can be found on your computer with the use of the internet. Instead of being subscribed, just get it online, sometimes you may even be able to get it free. If you are one of those people who really reads every single newspaper and magazine you get, then perhaps you could stay subscribed, but for those who do it casually then consider unsubscribing to save a little more.
Reduce Or Eliminate Eating Outs Or Getting Take-Outs
Eating out can cost a whole lot of money as well, have you ever noticed that each time you go out, the entire course of the meal could very well cost you around $50 to $150, and even higher. Why don’t you cook this at home? The person you are going to surprise will be really excited for the all the hard effort you have put in to surprise them. It will also bring you both closer together and for the price of well, nothing.
Downgrade Health Insurance
Finally, we have come to the insurance part, most insurance premiums are really high, but there are new methods in purchasing insurance that will allow you to receive more benefits and pay less. You are not exactly downgrading your health insurance here, you are just paying for what you actually need instead of paying for the whole thing when you so rarely even ever get sick, so read up on your insurance policy and see what you can get changed.
Conclusion
As mentioned above, handling your health insurance in the right way can be one of the most effective ways on how to reduce monthly expenses. If you are looking for a cheaper health insurance, yet not add on to your expenses, consider getting a medical card from AXA eMedic, they are offering medical card with the price starting from RM 32/month, that is one of the lowest in the market today and the best thing is, you can get it online with no hassle, visit PolicyStreet.com to find out more on this incredible product.
