Tips for Your Household Expenses

Becoming a millionaire may not be your ultimate goal. But everyone wants to enjoy financial freedom and learning where we can easily save money will help us on that journey. So whether you want to be the millionaire next door or just be able to have financial peace, these 10 tips will help you achieve your financial goals.

Clarity Money

Clarity Money is an app that works great if you pay all your bills with your bank account. It simply ties into your account and shows any monthly payments that you have. This allows you to see if there are any services that are no longer bringing you value or if you are not using anymore. (For related reading, see: 7 Money Saving Tips for Eating Out.)

Cut the Cord

For those that have not cut cable out, it may be time. Cable can add at least $30 per month to your monthly expenses. This could be lunch, gas or even money invested for your future. With services like Sling, Netflix, Hulu and Amazon Prime Video it is making less sense to have cable anymore.

Call Your Internet Provider

If you have already cut the cord, you should still negotiate a lower rate for your internet. Every time my wife or I have called our internet provider to “switch” providers they have offered us a lower payment in the end. Recently my wife called and we actually received a lower payment than we were paying and with a faster speed than we had. Remember it costs more to attain new customers than to retain a customer, you have the leverage.

Bulk Purchase Household Goods

Everyday items should be bought in bulk. Toilet paper, paper towels, napkins, detergent (dishwasher and washing machine), toothpaste etc. It is cheaper for companies to package items in bulk which makes it cheaper for us as consumers. Take advantage of this.

Use Your Dishwasher

Dishwashers actually do save you time and money. They use the same amount of water every time you wash your dishes compared to washing dishes throughout the day. You don’t realize how much water and money is going down the drain. (For related reading, see: Alternatives to Cable TV.)

Home Energy Audit

Many energy providers will conduct free energy audits to see if your house is running as efficiently as it could. Even if your energy provider doesn’t provide this free service you can conduct one yourself with this guide.