Monthly Spending
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7 Easy Ways to Slash Your Monthly Spending

Monthly Spending

As we all know, taking care of a family is no cheap task. There’s a lot of mouths to feed, a lot of activities to pay for, a lot of things to buy—it all adds up. If you’re feeling the weight on your shoulders, here are some easy ways to cut down on your monthly spending that’ll lift a bit off the load.

1. Stick to the Grocery Shopping List

When you’re doing groceries for the whole house, the list seems endless. Before you go to the store, make the list and include only the necessities. Then when you get to the store, stick to that list and fight those impulse buys. This will help prevent any unnecessary spending on items you never needed in the first place.

2. Get an Unlimited Data Plan

It pains you to watch all the kids on their iPhones sucking the life out of the family data plan. Instead of hoping they don’t go over to the point where you must fork over extra money to your service provider, why not get an unlimited data package? T-Mobile provides a wide variety of unlimited data plans that are perfect for the whole family. That way, you’ll get a fixed monthly cost allotted for the cell phone bill and not have to worry about any added fees.

3. Limit Dining Out

One very quick way to draining your bank account is dining out, especially when it’s with the whole crew. Try to limit how much you go out to eat with the family and keep it to special occasions. Cooking at home not only saves a ton on monthly spending but it’s also healthier and can teach the kids good habits of how to cook and eat better.

4. Cut Your Cable Cord

Cable is one big monthly expense that truly doesn’t need to be. With all the video-streaming options available today, it’s time to cut the cord on cable. Instead, get a media streaming device like Apple TV or Roku. These hubs hold different video-streaming apps like Netflix and Hulu along with network TV apps like Showtime, HBO and CNN. By paying for lower-cost monthly subscriptions for the ones you care to watch, you’ll be able to spend a lot less on entertainment each month.

5. Turn Off the Lights

Get in the habit of turning off the lights whenever you leave a room. It not only saves energy but it saves on your monthly electricity bill. Even better, you can get smart lights like the ones from Phillips Hue that can be controlled through an app. That way, if you forget to turn off the lights when you leave the house, you can remotely turn them off.

6. Buy Alcohol in Bulk

There’s nothing like cracking a beer after a long day of work. If this is your daily routine though, buying that six pack regularly, adds up. You can save a lot more on alcohol if you buy bulk. So, get that Costco card out and head on over to the store for some wholesale-sized packs of beer or wine.

7. Choose Park District Over Private

If you’re looking to enroll your kids in extracurricular activities, there are a lot of different options out there. Some are pricey, like the private Taekwondo studio down the road, and some are just as good and relatively inexpensive, like sports through the park district. Park district classes are the way to go when you want to spend less on monthly memberships. And since kids likely change their minds on what they want to participate in, a Park District class is the perfect way to dabble in different activities without making a full investment where you’re locked down to contract.


The art of slashing you monthly spending is one you want to master. You can save on regular expenses in several ways so long as you make a conscious effort. The small cuts you implement can make a significant difference in the bank account and are well worth the change.

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