This may seem like obvious steps for some people, but for me, I've always lived in a manner when I was younger, my family, where we did specific
things, or purchased specific things on a monthly bases. When I moved out several years ago I carried on those habitual spending manners and it took a
toll on my bank account.
Just to clarify, those spending habits weren't Vices. I don't drink Alcohol, I don't smoke, I've never done drugs, and I've never really spent a lot
on leisurely things.
What was happening was I was used to purchasing brand-name products, non-bulk items, purchasing foods/goods without really looking at other sources
for sales, and only sticking with well-known service providers.
Turns out, I was doing everything wrong!
My monthly bills (Food, Gas, Mortgage, Insurance, Car Payments, Phone Payments, and so on) averaged about $4,500-$5,000/month.
Now, I don't live in the cheapest location in the world. My city is one of the most expensive in all of Canada. I don't have the ability to move at
the moment, but that's for the future. In the mean time I needed to save.
Between my wife and I we were spending WAY too much money on food each month. I usually ate from subway, or other fast-food joints every lunch at work
($11 per day, 5-6 days a week!). So that alone was $220 per month just for a sandwich a day. At home we would also eat out at least once a week, which
would add another $20-$40 per week just for that one meal. I purchased Fuel from the nearest gas station, and wasn't getting a great deal because of
So here's what I did:
First things first, Make your food at home! Now we purchase as much as we can in bulk, sometimes even online (like amazon) for things like packaged
noodles (or other things). We went from store to store and saved all our receipts for a month to see which grocery store sells what for the best
price. That way if we run out of that item, we know where to go to get a good deal. We also subscribed to all our local grocery store flyers. Shopping
in Bulk we saved $100's per month and purchased a larger freezer to store things for longer. We stopped buying name-brand goods and went for cheaper
options, still the same quality. We calculated every ingredient's cost into each meal we made and figured out that we used to spend $5-10 per meal,
and now spend $0.30-$2.00 per meal (same size, better quality, and Healthier!).
Next, we called every one of our insurance providers (Car/Auto/Health) and updated our plans. We let them know what changes we did to our house in
order to get a better rate (new furnace/windows/doors) and we contacted our government who provides Eco-Refunds to high-efficiency home renovations,
where we actually made $100's in return. It turns out, our home insurance had some incorrect information and so our monthly rate went from $115/month
to $58/month and they reimbursed us for the months that they overcharged.
We reviewed service providers, such as Internet and Phone. We looked at those individual plans and the usage we actually accumulated. Turned out we
used half of the our phone plan provides, so we switched it to a lesser plan, saving us about $60 each month. Our internet plan has been going up and
up in price every few months, so we changed providers. The new provider has the same plan as our last provider, but it's $40 cheaper per month, AND by
switching to them (which was FREE) we got 2 months free internet AND $40/month for the first 6 months. So we saved $120 for two months, and then
nearly $500 for the next 6 months after that.
We took up a membership in a local bulk-supply store, which also sells gasoline. So we purchase most of our food from them. However, they also sell
their gas about 5-10 cents/liter less than anywhere else in the city.
We went from nearly $5000 per month, to $2500 in just one month. THAT'S $24,000 PER YEAR! Next step, Green-energy to cut down our
power bills, and growing our own foods!
What ways have you found work best to save on your monthly bills?
edit on 9/8/15 by Ghost147 because: (no reason
edit on 9/8/15 by Ghost147 because: (no reason given)