The Monthly Expenses That You’re Probably Paying Too Much For


One of the things about monthly expenses is that we usually don’t consider them a major expense. Instead, we think of them as necessary expenses, especially when it comes to things like the bills or entertainment subscription services. In fact, some subscriptions and monthly expenses can be relatively inexpensive. This means we might find ourselves neglecting to consider them as expensive, especially if it’s something as low as $5 a month.

Unfortunately, this kind of thinking often leads us to be complacent with our money. So much so that we might even forget that we’re paying for certain expenses unless we closely examine our bills and realize that we’re bleeding money.

First thing’s first; start budgeting your expenses

If you want to get a better understanding of the subscription services that you pay for, it’s important to start budgeting so you realize just how much money you’re spending each month. Look at your statements for all of your sources of money. This can include your bank, your credit card or even online wallets such as PayPal. Check your statements and make sure you understand exactly what you’re paying for. Write it down in a spreadsheet or even a sheet of paper, and then start looking at ways to cut down those expenses.

Cutting cable television

Cable TV can still be ridiculously expensive to keep running. While it does give us access to an incredible number of channels, we can’t forget that there are perfectly acceptable alternatives. Take a look at this IPTV guide on Troypoint to learn more about how you can get the same (or a similar) number of channels for a much lower price. Alternatively, you might find that services such as Netflix, Hulu or Amazon offer better programming that suits your tastes for a fraction of the cost of cable.

Transportation costs

If you still need to commute to work then it’s a good idea to check how much money you’re paying and if you could reduce the costs or get relief from your employer. For instance, driving a car to work every day can be convenient but between the maintenance costs and fuel, you’re probably paying a considerable amount just to get to work. An alternative could be walking, using a bike or even taking public transport.

Reducing electricity usage

Electricity bills can be surprisingly high if you’re not watching your usage. If you want to ensure that you’re paying as little as possible for electricity, make sure you avoid any standby modes for your devices and try to be more conservative with things like lights in your home. Switch things off at the mains when they’re not in use and try to install energy-saving alternatives where possible, such as the light bulbs in your home.
Learning to save money can be easy if you’re aware of how much you’re spending and how much you’re making. If you’re constantly spending more than you can realistically afford then you’re going to have huge troubles with your finances in the future.

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