10 Top ways to cut down on your monthly expenses.

One of the biggest challenges in personal finance is figuring out ways to spend less money — and one of the best ways to accomplish that is to cut down on your monthly expenses. Even though some of our regular bills might seem small and insignificant on their own, their cumulative effect can be enormous – and become a huge drain on our resources. 

1. Save money on transportation.

Use public transport. For a small percentage of the cost of owning a vehicle, you can get from one side of town to the next, to work and back, and to most important events. Each time you’re able to leave the car behind, you’ll be saving money. 

2. Monitor your water consumption.

Be mindful of water usage during shower. Don't use bath as it use more water. While doing dishes, do not let water running. 

3. Cut Down on Energy Bills

Consider switching to either CFLs or, better yet, LEDs. These bulbs are about four times more energy efficient than incandescent bulbs and last for many years. One tip: When comparing bulbs, use the lumens number to compare bulbs, not the equivalent wattages. Lumens indicate the actual amount of light emitted by the bulb. 

Most electronic devices constantly draw a small amount of electricity, a phantom charge, that can add up quickly when you consider just how many devices and small appliances you own. To eliminate that usage, unplug any items or power strips you use infrequently. 

4. Reduce Your Entertainment Expenses

If you’re using a gym membership less than once a week or a country club membership less than once a month, you’re likely throwing away money. Try canceling any memberships you’re on the fence about, and see if you really miss them. 

Most people could find a cheaper way to gain access to their favorite shows if they tried hard enough. Perhaps you could downgrade from premium to basic cable, or maybe you could even eliminate your cable bill entirely. Cutting cable and watching less television can also cut down on your electricity bill and expose you to fewer commercials tempting you to buy stuff – a double savings whammy. 

5. Save Money on Food

When you cook at home, make a lot of whatever you’re preparing so you can freeze some of it for future meals and, even better, take some leftovers into work for lunch. Some people may shy away from leftovers, but there are some secrets to making any leftovers as good as the original. 

Try looking at the cost per unit of all of the sizes and choose the one that’s the best deal. Check for coupons and coupon codes for items you use all the time, and if a good enough coupon presents itself, buy it in bulk. 

6. Start a garden.

Vegetable gardening is a splendid hobby that can often turn a profit if done right. Focus on vegetables that are easy to grow and produce abundant fruit, like tomatoes, and learn how to can and store the excess. 

7. Lower your cell phone bill.

Ask yourself how much you really use your cell phone’s data plan. If it’s not all that much, look for ways to downgrade to a cheaper cell phone plan without all the bells and whistles. If you do use it a lot, look at the features you’re paying for on your bill and see if you can trim any of those. Even a $10/month savings — say, for a couple gigabytes less data per month — adds up to $120 a year. 

8. Insource everything.

If you hire out household services to others, consider trimming back or eliminating them. Instead, put aside some time each week to do them yourself – not only will you save money, but you’ll find that many activities can get the whole family involved (like housecleaning). 

9. Stop buying so much clothing.

If you need to dress well for work, that’s okay. You can still save plenty by buying fewer but high-quality pieces and really utilizing the wardrobe you already own. 

10. SWITCH to cloth pad from disposable

Assuming a woman menstruates for 40 years;

1. Buys a RM 10 pack of disposable every month = RM 4800

2. Buys a liberty kit (1 cycle kit) @ RM 199 , replaced every 5 years  = RM 1592

A very powerful reason you should SWITCH

You will save loads of money!

You can do the math: assuming a woman menstruates for 40 years.

If the health reasons don't sway you, maybe the numbers will be more convincing. Granted, reusables have a larger initial cost, but they last much, much longer. With proper care, cloth pads can last for years.

Compare this to the disposable that has a lifespan of a few hours before it's thrown away, forcing you to buy more and more -- all of them ending up in a landfill.

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