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30 Ways To Cut Your Monthly Expenses

30 Ways To Cut Your Monthly Expenses

A while ago, for one month, myself and a then work colleague lived money-free—I cut expenses by 100%, pretty much! The job I was in at the time paid for my accommodation and transport, so all I had to worry about was food. On the second day of the experiment, however, we met a ‘freegan’ who regularly collected food thrown out by all the supermarkets in town. So, following her lead, we went along, filled up her truck with perfectly packaged food, including toothpaste and other essentials, and lived money-free for the month.

Now, I’m not suggesting you go and rummage around in supermarket bins for a month to cut expenses, because, for one, I think it’s illegal in many parts of the world! Still, there are many other ways you can cut your expenses and have lots of your monthly income left to spend, save and enjoy.

1. Write down all of your expenses

How many times do you hand over $1 or £1 for something and think, “Oh, it’s only a dollar,” and then repeat the same process every day for a month? Be mindful of where you’re spending your pennies and write down everything you spend for a month—you can then see where to cut costs in the future. Trust me, this one really does work.

2. Cut out the takeaway coffees

Get yourself a nice flask and make your own coffee. If you’re serious about cutting your expenses and you still buy a takeaway coffee every morning, buying a flask will save you at least $80 a month.

3. Cycle or walk to work

I know many of you probably have long train or car commutes, but 10km is still do-able on a bike, right? And if you’re a little on the lazy side, invest in an electric bike to help you up those hills in the morning. Ditching the train or car for a bike is a serious money saver; plus, you’re getting fitter at the same time!

4. Shop in thrift stores (at least some of the time)

You can get designer items for pennies; you can find cheap tat and upcycle it for next to nothing, and find one-off clothes you’d never find on the high street. So, if you’re looking to update your wardrobe or buy new stuff for your home, check out the cheaper alternatives first.

5. Buy the unbranded products in the supermarket

You may only be saving pennies per item, but there really isn’t much difference in the taste—do not be seduced by pretty branding! The only difference, for example with unbranded tinned tomatoes and branded ones, is the lack of salt and sugar and you can add that yourself. Why pay loads extra for it?

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6. Take your own lunch to work

Yes, it’ll take up a few extra minutes of your evening, but wouldn’t you prefer to have an extra $100 at the end of each month instead? Over the course of a year, that’s a saving of over $1,000.

7. Bulk cook your meals

Set aside a few hours on Sunday and make a load of different dishes to prepare you for the whole week. Pop them in the freezer and you won’t be tempted with takeaways or packaged meals midweek.

8. Compare gas and electricity prices

Are you really getting the best deal with your gas and electricity? It only takes a few minutes to compare deals on an online comparison site.

9. Cut out the pricey drinks

Perhaps you don’t drink much, but for a lot of people, spending a good proportion of their monthly salary on expensive boozy nights out is part of their monthly regime. If this rings true, try cutting back or going alcohol-free for a month to see how much you save.

10. Keep a penny/cent collection

Throw your loose change into a jar, then count it up at the end of each month and see how much you’ve saved—over time, you’ll be surprised by how much money you’ll make.

11. Use Freecycle

In the UK there’s a scheme called Freecycle, where you can give away your unwanted furniture, or anything else you no longer need, for free. Obviously, in return, if you need any household essentials—kitchen table, bicycle, bookshelf … you can just log on to the site and see what’s available.

12. Ditch the large overdrafts

If you’ve got an overdraft of $1,000, chances are you’ll spend it each month if you’re not careful with your money. If you’re scared to lose the overdraft completely, halve it and see if it makes you any more cautious with your money.

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13. Clear out your unwanted stuff

Have a car boot sale, sell your unwanted things on eBay … if you’ve been living in the same house for over a year, chances are that unless you’re super-organized, you’ll have at least a few things that are worth selling to make some extra money.

14. Share car journeys

If you drive to work alone every day, see if there are any other people who live near you so you can share journeys and cut your costs on petrol. It’ll pay off in the long run.

15. Re-evaluate your insurance

Whether it’s life, health, or travel insurance, shop around, compare prices and make sure you’re getting the best deal for the least amount of money. Remember though, that cheapest does not always equal the best.

16. Change your phone deal

Do you really need all those minutes and extras? Is there a cheaper phone deal that will save you money in the long run? Shop around and see what other phone deals are out there.

17. Do not take out any pay day loans

The adverts may be appealing, but the interest rates on pay day loans make these companies no better than con artists!

18. Dry clean at home

If you’re a regular at your dry cleaners, cut costs by buying a home dry cleaning kit and a spot remover pen.

19. Take another look at your internet bills

Can you get a better deal elsewhere? Do you live in an apartment block? If so, perhaps you can share an internet connection with those around you—providing you trust them.

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20. Make more gifts for people

Now that we’re coming up to the festive season, rather than splashing out on expensive gifts for people, cut expenses and make your own cards and presents—at least for some people. The gesture won’t be forgotten. Plus, everyone knows the gift of time far outweighs the gift of money.

21. Cut back on expensive cleaning products

There are loads of ways you can make your own cleaning products; for example, vinegar and baking soda work wonders for cleaning your drains; spray lemon juice on surfaces to get rid of stains and streaky grease marks; and use vinegar to scrub up wooden flooring.

22. Simplify your beauty regime

We can all be seduced by fancy creams claiming to minimize pores, get rid of wrinkles and leave our skin looking healthy and plump; but, in reality, all your skin needs is a good diet, plenty of water and hydration. Try ditching expensive creams for almond or coconut oil. It’s really cheap and will leave your skin looking incredible.

23. Cancel your gym membership

Get on your bike, jog round the park, and lift weights at home. You could even organize regular work out sessions for free with others who want to ditch the gym. You don’t need to pay to be fit!

24. Turn your lights off

When you leave a room, flick the switch and cut expenses on your electricity bills. If you live with forgetful people, place little stickers by the switch to give people helpful reminders.

25. Replace bulbs with energy saving ones

Cut expenses and save the environment at the same time. It’s a no-brainer!

26. Pay for things with cash only

Allow yourself a certain amount of money each week and spend only that amount. Unless you’re constantly checking your finances, there’s no way you can keep up-to-date with what you’ve really spent if you keep paying for things with your credit or debit cards.

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27. Tell your friends and family that you want to cut expenses

If you’re ever tempted to spend more than you intended, tell everyone you spend time with what you’re doing. Or even better, arrange for a group of you to all cut expenses at the same time.

28. Get savvy with deals

Sign up to Groupon, or get Amazon deals sent straight to your inbox, and save heaps of money on theater tickets, holidays, restaurant meals, and much more.

29. Take care of your teeth

Brush your teeth twice a day and don’t forget to floss. If you don’t take care of your teeth now, you’ll pay the price in expensive dental bills years down the line.

30. Be grateful for the money you have

Change your attitude towards money and be grateful for what you have rather than complaining about not earning enough or having enough of it. You’ll be surprised by how much a simple change of attitude can help you to manifest more money and help you cut expenses.

If you think there are any useful tips missing from this list, please leave a comment below.

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Last Updated on April 19, 2021

40 Healthy And Really Delicious Meals You Can Make Under $5

40 Healthy And Really Delicious Meals You Can Make Under $5

Ever had those moments where you really wanted to eat something delicious and healthy but didn’t have the financials means to do so? Whether you’re a student or parent, this compilation of 40 great, healthy, and inexpensive recipes will make every night special and help you get fit! No more meals where you have to force the food down! It’s time to make that budget your best friend and turn it into great recipes. Enjoy!

1. Fish Tacos in Crunchy Shells ($3.56 per serving)

Is there a better way to end the day than a Fish Taco dinner filled with protein and nutrients and is easy on the wallet? This recipe calls for a boys’ or girls’ night in front of a good movie or game.

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    2. Mini-Meatball Noodle Soup ($3.43 per serving)

    We’ve heard of the delicious spaghetti and meatballs recipes, but imagine having that same meatball goodness in a soup? It’s like Christmas in a bowl. Healthy, warm, and only $3.43 per serving.

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      3. Spaghetti and (Vegan) Meatballs ($2.13 per serving)

      Now it’s time to look at the traditional spaghetti and meatballs recipe, but with a little twist: vegan meatballs. This way, you can enjoy the Italian tradition without adding on the extra calories. I’m sold!

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        4. Kabocha Squash and Lentils ($3.12 per serving)

        Absolutely delicious way to end the day with a Kabocha Squash and lentils dinner. The beauty of this recipe is that you can actually make many other things from the mixture, from dips to full-on meals. All under $5 per serving.

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          5. Baked Coconut Lentils ($0.91 per serving)

          Coconuts are always a good idea, but it doesn’t have to be eaten only for dessert or breakfast. With this great recipe, you can now eat a lunch or dinner filled proteins and a coconut twist. Yum!

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            6. Easy Marinated Roasted Chicken ($3.40 per serving)

            We love chicken and at less than $5 per serving, we are in heaven with this recipe. Add some vegetables and rice on the side and you’ve got yourself a full meal!

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              7. Organic Greens and Goat Cheese Gratin ($2.36 per serving)

              This is absolutely divine. You get in your healthy greens and your fat macros with this great recipe. Takes only a few minutes to make and it’s easy on the wallet. Bon Appetite!

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                8. Beef Pot Roast ($3.22 per serving)

                One word: perfect. This meal will warm your insides and fill you up with the high protein content.

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                  9. Fajita-Style Quesadillas ($0.43 per serving)

                  If you want to eat Mexican tonight but want to stay in your budget, this Quesadilla recipe is your best friend. It’s tasty and filled with healthy ingredients for less than a dollar per serving.

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                    10. Fish Tostadas with Chili Lime Cream ($2.82 per serving)

                    Another great lunch idea for the busy days ahead. Prep this in the morning or the night before and you’ve got yourself a healthy and cheap lunch meal!

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                      11. Beef and Black Bean Chili ($1.36 per serving)

                      Might not look like much, but this amazing chili is actually extremely healthy for you. The protein from the beef and the carbs from the black beans will fill you up in no time, and keep you full for a long period of time. Delicious and warm, just right for the winter!

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                        12. Crispy Fish and Peppers ($2.18 per serving)

                        Amazing recipe for anyone looking to change up their meals while keeping their macros in check and not going overboard on spending. Satisfies your crunch tooth (see what I did there?) and gives you all the protein you need to stay full and lean.

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                          13. Vegetarian Gumbo ($1.50 per serving)

                          You have the perfect macro mix here with the carbs, fats, and proteins. At less than $5 per serving, you’ve got yourself a meal that will last for the whole week!

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                            14. Mexican White Bean Soup ($0.99 per serving)

                            With the cold weather creeping in, it’s not a surprise that soups are coming back in style. This great Mexican White Bean Soup dish will keep you warm for winter without making a hole in your pocket.

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                              15. Black Beans with Mango & Cilantro ($0.38 per serving)

                              Mangoes make every dish a little bit sweeter, which is why we absolutely love this recipe. A normal rice and bean dish might be a little meh, but add the sugary taste of mangoes and you’ve got yourself a party!

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                                16. Bean Burritos ($0.71 per serving)

                                If you’re having people over tonight and don’t want to spend too much time or money on food, this dish is a great option! You can even cut up the burritos into pieces and make finger foods while everyone’s watching the game or gossiping.

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                                  17. Five-Spice Beef Kabobs ($2.43 per serving)

                                  The spices in this recipes add a delicious twist to the beef kabobs, which is definitely worth trying!

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                                    18. Cornmeal Crusted Pork ($1.92 per serving)

                                    If you like the fried crunch but want to opt for a healthier alternative, cornmeal is your man. This healthy recipe will satisfy all your fried desires without making you pop open your pant’s button.

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                                      19. Chicken, Tomato & Cucumber Dinner Salad ($2.57 per serving)

                                      Easy to do, extremely healthy, and super delicious. A must-try!

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                                        20. Lentil Soup with Beef and Red Pepper ($1.90 per serving)

                                        I can’t believe how cheap this meal is, especially for all the nutrients it contains. You can make a big pot on Sunday night and divide it into small portions to last you a whole week.

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                                          21. Smoky Mushroom Stroganoff ($1.90 per serving)

                                          Craving pasta but not sure what to top it off with? How about smoky mushrooms with a twist?

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                                            22. White Bean Tuna Salad ($1.36 per serving)

                                            You can add this White Bean Tuna Salad in your sandwich or just eat it as-is for a quick lunch on a busy day.

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                                              23. Sausage Eggwiches ($0.80 per serving)

                                              Who says you have to eat fast food to get an eggwich? This delicious recipe will give you an amazingly healthy eggwich for less than a dollar per portion. Can you say Breakfast?

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                                              Sausage-Eggwiches

                                                24. Baja-Cali Black Bean Salad ($1.17 per serving)

                                                Great snack to add to a movie-night with friends. You don’t have to use chemically-processed salsas anymore, you can now use this homemade salad for your chip dips.

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                                                  25. Gnocchi, Sweet Corn & Arugula in Cream Sauce ($2.24 per serving)

                                                  Italians always knew how to make carbs look good! This delicious Gnocchi recipe will give your lunch a whole new meaning. Easy to make and only $2.24 per serving.

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                                                    26. Vegetable Lasagna ($1.73 per serving)

                                                    If you were looking for a healthy lasagna, you’ve just found it. At under $5 per serving, you can fill yourself up right away without putting on the extra calories.

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                                                      27. Fajita-Ranch Chicken Wraps ($2.05 per serving)

                                                      Don’t know what to make for lunch this week? How about delicious chicken wraps with a healthy ranch? This recipe will make all your lunches, even the quick ones, healthy and colorful.

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                                                        28. Quinoa with Pan Roasted Brussels Sprouts ($1.24 per serving)

                                                        A dish that has quinoa and brussel sprouts can’t be unhealthy, it just can’t, which is why this dish is one to keep in the books. Easy to make, healthy, and will keep you full for a long period of time.

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                                                          29. Butternut Squash Chili ($1.04 per serving)

                                                          You don’t need meat to make chili now that you have this recipe! It’s 100% healthy, filling, and smells absolutely delicious.

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                                                            30. Fast Shrimp Bisque ($2.03 per serving)

                                                            Seafood doesn’t have to be expensive if you know how to do it right, and this fast shrimp bisque is a great recipe to try if you’re in the mood for some seafood!

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                                                              31. Chicken-Noodle Casserole ($0.98 per serving)

                                                              Looks divine doesn’t it? This super easy to make dish will satisfy all your taste buds without burning a hole in your wallet or adding a few extra numbers on the scale.

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                                                                32. Burrito Cups ($1.18 per serving)

                                                                Entertaining someone tonight and don’t know what to make as appetizers? These burrito cups are a great alternative to chips or other greasy finger foods. All you need to enjoy it is a spoon and a cup.

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                                                                  33. Lemon-Dill Shrimp & Pasta ($2.45 per serving)

                                                                  Another impressive shrimp recipe under $5 per serving. The lemon-dill twist adds a great taste to the dish.

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                                                                    34. Potato Frittata ($0.87 per serving)

                                                                    If you want to eat potatoes for breakfast but still want it to be healthy, this is the recipe for you. At under a dollar per serving, this potato frittata will make you see potatoes in a whole new light.

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                                                                      35. Grilled Pork and Pineapple ($2.67 per serving)

                                                                      Meat and fruits? Oh, yes. The juiciness of the pork mixed with the liquid sugar in the pineapple will make you wish you knew about it sooner.

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                                                                        36. Greek Honey-Lemon Pork Chops ($2.15 per serving)

                                                                        Another splendid recipe mixing sweet and salty for a healthy meal. Easy to make and absolutely mouthwatering.

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                                                                          37. Jamaican Pork Stir-Fry ($2 per serving)

                                                                          You can add this healthy stir-fry to any dish as a side or amply enjoy it as-is for lunch or dinner. You can even make a wrap sandwich out of it if you’re in a rush to eat.

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                                                                            38. Herbed Salmon ($2.49 per serving)

                                                                            Salmon contains a healthy dose of fats that will boost your metabolism, lower inflammation, and make you happier. At under $5 per serving, need I say more?

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                                                                              39. Five-Spice Pork Kabobs ($1.96 per serving)

                                                                              Exquisite recipe under $5 per serving that will most definitely awe everyone at your dinner party.

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                                                                                40. Stuffed Sweet Potatoes with Mango-Black Bean Salsa ($1.24 per serving)

                                                                                You don’t have to eat sweet potatoes alone anymore with this flavorful recipe.

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                                                                                  Featured photo credit: Featured Photo Credit: 5 Dollar Dinners via 5dollardinners.com

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