How to Lower Monthly Bills: 5 Practical Tips That Cut Expenses in Half

cut paper with word cost by scissors

Do you feel like your monthly bills keep growing higher and higher? Are you having trouble paying all of your bills off?

If so, you’re not alone. In fact, the average American household carries a little over $137,000 of debt

Luckily, there are things you can do to control your monthly expenses and therefore chip away at your debt. 

Check out this guide to discover how to lower monthly bills. 

1. Install Solar Panels 

We know what you’re thinking: doesn’t installing solar panels cost thousands of dollars?

While yes, it may be expensive to install solar panels, the truth is, they end up paying off in the long run in terms of how much you’ll save on your energy bills each month. This is because with the installation of solar panels, you’ll be using less electricity from the grid. 

If you’re planning to live in your house for a while, solar panels can be especially beneficial, as it’s estimated that they pay themselves off within 7 to 20 years. 

To learn more about solar panels and their benefits, you can check out

2. Bring in Your Own Lunch to Work 

If you’re looking for ways to cut costs and cut calories, then bringing in your own lunch to work is a great idea. 

In fact, a recent study found that it’s about 5 times as expensive to grab delivery from a restaurant, and it’s 3 times as expensive to use a meal kit service. 

If you don’t have time to whip up lunch each morning before heading into work, then we suggest taking one day out of the week to do some meal prepping. All it takes is a couple of hours each week to prepare some salads or sandwiches for the week. 

Plus, when your lunch is prepped for you, you’ll be less likely to indulge in unhealthy lunch choices like pizza or burgers. 

3. Buy Off-Brand 

Buying off-brand is another very simple way to save money on household expenses. 

While some people think buying off-brand means buying lower quality products, if you check the labels, you’ll often find that off-brand products have the exact same ingredients as name-brand products. 

Buying off-brand can add up to hundreds of dollars in savings each month, so we highly suggest checking your labels before you buy. 

4. Cut out the Coffee 

Sacrificing your morning latte from Starbucks or your favorite coffee shop can be tough. But it can help you in cutting expenses! 

While buying a coffee can set you back anywhere from $3 to $10 on average, making your coffee at home costs a mere few cents! Plus, when you make it from home, you can prep it just the way you like it. And, making your own coffee is a great way to kick off your morning routine. 

5. Hit up the Thrift Stores 

A lot of times, our monthly bills aren’t racking up because of necessities like electricity and water. Instead, they’re racking up because of extraneous purchases like new clothes, jewelry, or appliances. 

We get that for many people, saying no to these items can be hard. 

So instead of cutting out these purchases altogether, why not just be smarter about where you buy from? By hitting up thrift stores instead of trendy designer stores for your new clothes, jewelry, and decor items, you’ll be able to save tons of money each month. 

How to Lower Monthly Bills: Are You Ready to Cut Your Monthly Bills in Half? 

Now that you know how to lower monthly bills, it’s time to put these tips into action. Pretty soon, you’ll be saving more and more money each month. 

Be sure to check back in with our blog for more money-saving tips and tricks. 

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