Look for ways to cut your housing costs. Consider downsizing to a smaller home or apartment, refinancing your mortgage, or renegotiating your rent. You may be able to save hundreds each month. Shop around at different grocery stores to find the best deals. Stock up on sales and use coupons for the biggest savings. Buy generic or store brand items instead of name brands. They often cost 30-50% less and are virtually the same quality.

Eliminate unused subscriptions and memberships. Look for any subscriptions or memberships you’re paying for but not using like streaming services, cable, gym memberships, credit cards with annual fees, etc. Cancel them to avoid paying for something you don’t need. Turn off the lights and unplug electronics when not in use. This simple step can save you up to 10% on your electric bill each year. Only run full loads in the dishwasher and washing machine. This cuts down on the number of cycles needed and saves energy and money.

Consider refinancing high-interest debt like credit cards. Look for lower interest options like a personal loan to pay off the balances faster and save on interest charges. Buy used or refurbished items instead of new. Cars, electronics, clothing, furniture, and more can be purchased used or refurbished for a fraction of the retail price. Shop sales and use coupons when dining out. Look for discounts and deals to save 30% or more on your bill. Split entrees or get a takeout box to enjoy leftovers the next day.

Learn basic skills to do repairs and maintenance yourself. Things like cleaning air filters, unclogging drains, painting, gardening, and more. You can save hundreds by avoiding service calls for minor issues. Buy generic over-the-counter medications. They have the same active ingredients as name brands but at a lower cost. Ask about senior discounts for those over 55 or student discounts with a valid ID. Many retailers, restaurants, and entertainment venues offer special rates for seniors, students, teachers, and military.