Ways To Cut Your Expenses In Half

Cut your expenses in half

Did you know there are many ways you can cut your expenses in half? You work so hard for your money, you shouldn’t hand it over to someone without first doing the math and calculating the results.

Here are some ways you can cut your expenses and keep more of your hard-earned cash.

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Don’t finance for phones.

This is really important: Never ever finance a phone. I don’t think you should finance anything except maybe a home. However, please do not make payments on a phone.

I understand that phones are a way of life and a necessity in many ways. I do not think that’s an excuse to spend money you do not currently have on a phone.

Here are two reasons why:

  1. Phone lose value instantly. By using a phone, that phone now has less value to a potential buyer because it’s pre-owned. Even if you buy an older phone with cash, you must understand that the phone is losing value and is why many people don’t resell the phones they’ve had for 4+ years. No one really wants them and if they do, they’ll only pay a small amount for them.
  2. By financing, you are paying more than what the phone is currently worth at the time of purchase. We just discussed that the phone will lose value. This is in direct violation of Warren Buffet’s #1 rule of money: Don’t lose money.

Don't finances a phone

Before purchasing a phone with cash, ask yourself a few questions. Things like, “Do I need the best camera?” “Do I need the newest emojis?” In other words, what is the simplest phone you are willing to settle for?

Most people only need the basics:

  • Phone calls
  • Camera
  • Storage data
  • Good connection

I’m not saying to buy the cheapest phone you can find. A reliable phone is a necessity, so buy one you can trust. A trustworthy phone does not have to be $800-$1000. I got mine for $200 and it’s been so good to me.

Rethink your phone plan.

Many people overpay for their phone services. Even if you think your current phone plan is worth it, consider shopping around and comparing prices.

My family has a family plan that’s $80/month for unlimited data on two cells. Before we switched, I was paying $45/month for my phone and didn’t have unlimited.

You never know what you’ll find by shopping around.

Cut the cable.

One of the things I notice more and more every day is how much the world is changing. Cable was once a necessity for many American families as it got cheaper and people could afford such a luxury.

However, there are so many people who are realizing they don’t need to pay a hefty cable bill. Seriously, cable can be insanely high.

My family does not have a traditional cable set up. For the longest time, we only paid for internet connection. With that, we were able to watch a lot of stuff on Youtube, the firestick, and Netflix.

Now, we have a set up on the firestick that allows us to watch live TV and premium channels for $10/month! It’s a wonderful time to be alive!

Also, check out Pluto TV- It’s free TV!

Pay more on your mortgage principal rate.

It’s almost a secret in today’s society that you can pay extra on your mortgage. Sayy whattt?

When you do, you decrease the amount of time you’ll be a slave in paying off your home. Can you imagine how great it would feel to own your house?

Make coffee at home.

One thing I never truly understood is why people pay so much for coffee at a store or restaurant. Sure, maybe it tastes good and I know it’s highly addictive. But making coffee at home saves so much money.

Also, I love to know and be in control of what I’m putting in my body so I wouldn’t want to give that control to someone else who’s taking my money to do it.

Cut your expenses in hald by making your own coffee at home.

Anyway, there are people who buy coffee every single day. You can invest in a great coffee machine and great quality coffee and still saves money in the long run.

Cook more often.

It’s been such a long time since my family has eaten food that we did not cook. That being said, it’s almost easy for me to forget that it’s a way of life for people.

And I get it. You’re busy and tired. It’s so much easier to just stop somewhere and buy something that you didn’t have to prepare yourself.

However, cooking for yourself doesn’t have to be difficult or time-consuming. It all depends on what you want to cook.

Cut your expenses in half by cooking at home

For example, when I make rice and beans it doesn’t take much effort. Rice is so easy to make and the same goes for pasta, salads, chia pudding, oatmeal, and many other dishes.

Another thing I’m always sure to do is to cook enough for leftovers. I try to at least get two days worth of lunches or dinners out of my cooked meals.

Bring your own lunch.

This goes hand in hand with the last point. There is no denying that bringing your own lunch to work saves so much money. That’s why cooking can help to reduce these costs. You can cook enough to have leftovers and take those leftovers with you to work.

Something that I’ve implemented is to remind myself of what is necessary for me to eat. For example, it’s not necessary to eat an appetizer, lunch, and dessert for a meal. However, it is necessary for me to eat.

That’s why I’ll usually bring a protein bar for a snack break, sandwiches for my lunch break, and fruits to another snack break. By eating and drinking water on all three of my given breaks in an eight hour period, I’m not going to be malnourished or dehydrated. I’m gonna be just fine and so will my wallet.

Be mindful of your gas usage.

I’m sure we can all agree that having a car to get around in a wonderful thing. Keeping a watchful eye on gas usage is easy for the most part. Here are some tips to keep in mind:

  • Don’t start your vehicle until you’re ready to leave.
  • Turn off your vehicle as soon as you arrive at your destination.
  • If you’re waiting for someone to enter or leave your vehicle, turn the car off while you wait.
  • Turn off the car while you get gas.

Anytime you know you’re going to be parked for a while, it’s a great idea to turn the car off. I only allow the car to run while I’m traveling. That also means that I don’t allow my car to warm up for the winter. I dress prepared and fifteen minutes into my drive, it gets warm.

Get a water purifier.

The amount of money you can save by owning your own water filters is remarkable. I didn’t understand the big deal until I did the math for myself. We were buying so many cases of water and they never lasted.

I decided enough was enough. I’m going to have clean tap water for when I’m home! So that’s what I did. The filters last quite a while and I decided to just buy some stainless steel tumblers. Plus, it’s way better for the environment!

Question your financial beliefs.

There are many things in our lives that we adopted from outside sources. A bunch of us have beliefs and traditions we don’t even truly believe in. For example, growing up I was taught that living is hard and there will never be more than enough money for me.

But that has proved to be a lie that I’ve adopted into a former belief. I also thought the only way to make a lot of money was to sell drugs. (Pretty crazy, huh?) But the truth is the culture and influences around me were showing me that.

The music industry glorified drug dealers. I’ve never had anyone tell me growing up that it was possible to own your own business, move out of state, have a wonderful united family, and make money legally.

What are some things you’re believing? Do you believe you will retire a millionaire? Do you believe that it’s even possible? What about your job? Do you believe it’s where you’re supposed to be? Question everything and challenge yourself to bring some amazing new beliefs into your life.

Get energy-saving lightbulbs.

Chances are if you’re reading a post about saving money, you’ve already switched to energy-saving lightbulbs. It’s so easy and a no brainer. If you haven’t, then do it today!

Try the store brand items. 

Believe it or not, some store brand products are just as good or even better than the name brand. Or downgrade to a smaller, different brand of products.

There are some items that I will always buy the store brand. These include:

  • Raisins
  • Canned fruit
  • Bottled water
  • plant-based milk
  • toilet paper

A great thing about food is you can always check the ingredient list. If the ingredients are exactly the same, then it’s the same product. Sliced peaches in a can will usually always just say peaches and water. If there’s anything else added, I won’t buy it.

That being said, be warned that some store brand products are not the same or better than name brands. It all depends on which store you’re shopping at. I found that Target store brands are way better than Walmarts. Do a little shopping and you make the determination.


Ultimately, there are a bunch of ways you can cut your expenses in half. Sometimes you just have to get a little creative and determined.

The stronger factor is to understand why you want to cut your expenses in half. Are you trying to save money or fund your retirement? Are you working on investing as much as you can? There are reasons behind everyone’s desire to save money.

You just have to find what works for you. That being said, what do you think? Are there any key ways to cut down spending that I’ve missed? Have you tried any of the above suggestions? If so, how did that work out? Please let me know in the comments below and feel free to share this content with someone who needs it. Thanks!

12 Ways to cut your expenses in half

12 Ways to cut your expenses in half

Cut your expenses in half

Thanks for sharing!

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