6 Tips to Trim Your Household Budget

6 Tips to Trim Your Household Budget

Running a household is expensive business but the good news is that you can make some relatively painless cuts to keep more of your hard earned cash in your pocket, or preferably your bank account. Here are some ways to minimize your expenses and trim down your monthly household budget in the process:

1) Bundle up.

Do you pay for phone, cable and Internet services? Try moving all three accounts to just one provider. Bundling up your services will knock off several dollars per month. Also see if you can consolidate your home, life, health and auto insurance with one reputable company. Doing so could lower your insurance expenses considerably.

2) Cut back on unnecessary services.

Does your phone bill come with extras such as voice mail, call waiting and caller ID? Are you subscribed to premium cable channels? Cut out any of these services that you can live without.

3) Use compact fluorescent lights.

Make the switch to compact fluorescent lights instead of incandescent light bulbs. Compact fluorescent lights may be more expensive on the front end, but they are also much more economical. These lights have a lifespan far longer than regular bulbs and are more energy efficient.

4) Pay your bills on time.

Monthly interest can be incredibly difficult to pay off for those in debt. Late fees and penalties may seem small, but these fees can accumulate to a pretty large amount. Make it a point to pay your bills on time.

5) Use your credit card wisely.

Do you have credit cards with rewards points? If you do, use them—but use them wisely. Remember that credit card companies come up with point systems to entice you to spend more. Accumulate points quickly by using one card that offers useful rewards such as gift cards or even appliances. Redeem your points on a regular basis and keep the card paid down in order to help you trim down your monthly expenses.

6) Study your entertainment expenses.

Having fun doesn’t need to cost you a lot of money. Take a closer look at your entertainment expenses and see what you can cut back on. Maybe you could start watching free concerts instead of paying for concert tickets. Perhaps you could rent movies instead of going to the movie theater, or use a service like Amazon Prime to download movies and TV shows.

These six tips are some great ways to significantly cut costs. Commit to trimming down your household budget and save a huge chunk of money in the process!


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  1. These are great tips! I like #6. Sometimes we don’t think to cut back. I like watching a movie in my pajamas anyway.

  2. I’ve been telling my husband we need to sit down and work on our budget! I’m actually picking up some lights today!

  3. I’ve been amazed at the difference changing out the bulbs has made at our house Melissa!

  4. I think you’re right! If you’re practical when you’re budgeting, it will really help you keep track of what you’re spending and help prevent you from spending extra money on unnecessary things. Nice pointers! Thanks so much for the advice!

  5. Great tips! I always bundle my services right before I move in so it gets turned on that first few days. As for the phone, besides finding the best deal and what you should or shouldn’t have you may also want to consider an even cheaper option. I bought a “store bought” cell phone for between $50-100 and I spend $45 a month with unlimited texting and online. I love it! That’s just my tip, I never would’ve considered it but got tired of having to have contracts.Using a credit card is okay but like you said be wise about it. Consider if you’ll have the amount to pay those monthly bills you pile on, if no save up and buy later.

  6. I try to stay pretty frugal. Bundling up did help me – we have our car and home with the same place and it has saved us some money. My husband and I also kept our separate cell phone plans for years and finally switched to a family plan around 6 months ago as we finally realized we would be saving money. Great tips, thanks for sharing!

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