cut down costs

The Easiest Ways To Cut Down Costs When You Need A Little Extra Cash

How many of you are looking to cut down on monthly costs? 🙋 I know I was when COVID-19 hit! There are several easy ways to cut down costs each month, so you can keep a little extra cash in your pocket and start building your savings. 

Without further ado, here are 5 easy ways to cut down costs so you can save money! 

cut down costs

Where Is Your Money Going?

The first thing you should do is pull up your bank account and see where your money is going each month. Make a list of all the subscriptions you’re paying for and when they come out of your bank account. Then take a look at what it takes for you to live each month. List out your rent, utilities, and your grocery bill to see what you NEED to be making each month to survive. Once you list all of these out, it’ll be easier to see where you can cut down costs. 

Get Rid Of Debt

How many of you have debt? 🙋

Okay, let’s be real honest here… if you’re reading this, you probably have some form of debt. Whether you took out a loan to pay for that brand new car, or if you’re simply paying off student loans, that monthly payment on your loans is sucking money out of your income. Oftentimes, this can be a HUGE obstacle in achieving your financial goals. 

One of the best ways to pay off debt is to use the Debt Snowball Method. First, attack your smallest loan with larger payments. Once that loan is completely paid off, you can apply the payment that should have gone on your smaller loan, to the minimum payment of the loan with the next smallest balance and so on. 

Getting rid of debt can help you save money in the long run, so you can make progress on your other financial goals! 

Cancel Subscriptions and Memberships

While we’re talking about removing extra monthly costs, let’s talk about subscriptions! These days, there are several subscriptions out there, like FabFitFun, Ipsy, Amazon Prime, and if you’re an entrepreneur, you have SEVERAL other monthly subscriptions you may not be using regularly. 

As a business owner, there are some programs you need to keep your business running, but are you using all of them? I know I couldn’t run my bookkeeping business without Quickbooks Online, but I could probably get rid of some other programs to save money. Take a look at your business expenses and see what costs can be cut. Then it’s time to look at your personal finances and do the same! 

I know you REALLY enjoy getting those Ipsy boxes each month, but if you’re looking to save money, you might want to consider canceling some of those unnecessary monthly costs. Take a look at all of your subscriptions and see what you can purge. Any subscriptions you don’t use on the regular should be canceled.

Cut Down Your Grocery Bill

How much are you spending each month at the grocery store? Probably more than you think! 🙈 

It’s easy to walk down those aisles after a long day at work, grabbing all the junk food that sounds delicious because you’re shopping hungry. It’s good to treat yourself, right?

Well, all those extra items wind up adding to your grocery bill. Nine times out of ten, it’ll blow your grocery budget! 

The easiest way to save money at the grocery store is to plan your meals out each week. Sit down on Sundays and talk to your family. Figure out who’s cooking on which day, what meals they’ll be cooking, and what ingredients you need from the store! Write those items down on a list before you go shopping, and try to only pick up the items on your list! This will help you cut your grocery bill down considerably, AND it’ll prevent food from going bad! 

Another way to cut down the grocery bill is to look at what you already have in the pantry! Why buy more of what you already have? This will help you save money and food in the long run because you’re using up the food you already have so it won’t spoil. 

Stay At Home

The easiest way to save money is to stay at home! Heading to the store and looking at all the items you don’t need, is a great way to bust your budget. Instead of doing that, try staying at home and having a game night with your family! Watch movies, play with your dogs, or maybe jam out with that old trumpet you’ve had since high school!

Throw Your Extra Income In Savings

It’s easy to go shopping and impulse-buy items when you have an extra-large paycheck. Instead of buying yourself a brand-new computer or a new smartphone, try putting that money to good use. Pay extra on a loan or pay off your credit card earlier instead of spending that money. You can also use it to help build an emergency fund in your savings account. 


Saving money sounds a lot harder than it actually is. All you need to do is look at your budget, see where your money is going, and cut down costs! You don’t need to live paycheck to paycheck. Creating a budget and cutting costs can put you in a financially stable position so you can achieve your goals! 

Do you need help creating a budget? I can help you! Click here to book a consultation and we’ll figure out your financial goals and how I can help you achieve them! 

Leave a Comment

Your email address will not be published.

Scroll to Top