Many of us are guilty of spending money on things we don’t need. Whether it’s that new pair of shoes you just had to have or those concert tickets that were too good to pass up—we’ve all been there.

But what about the things we spend money on every month without thinking about it?

These expenses add up over time and can cost us a fortune. Let’s look at nine costly, monthly expenses you might want to cut down on.


Housing Costs

Perhaps the highest monthly expenses for most people are their housing costs. These include your mortgage, rent, property taxes, insurance, and utilities.

If you own your home, you may be able to refinance your mortgage to get a lower interest rate and save yourself some money each month.

If you’re renting, see if there are any cheaper options available or look into getting a roommate to help split the cost.

Transport Costs

Transport costs include your car payments, petrol, maintenance, and insurance. One way to save money on these is to carpool with friends or colleagues when possible.

You can also look into taking public transport if it’s available in your area.


Between groceries and dining out, food costs can add up! One way to save money on food is to cook at home more often and eat out less.

You can also try meal planning and making a grocery list before shopping so that you only buy what you need.

Childcare Expenses

If you have children, childcare is probably one of your biggest monthly expenses. One way to save money on childcare is to find a babysitter or nanny share instead of a day-care centre. You can also look into working from home, if possible, to take care of your kids yourself.


If you spend a lot of money on clothes each month, try to set a budget for yourself and stick to it! You can also try thrifting (shopping for cheap items) or swapping clothes with friends instead of buying new clothes all the time.

Phone and Internet Costs

With everyone being so connected, our phone and Internet costs can be a significant expense. One way to save money on these monthly expenses is to bundle them with your cable or TV service provider. You can also see if other providers offer any cheaper options.

Gym Memberships

Many of us sign up for gym memberships with the best of intentions but then never actually end up going! If this sounds like you, cancel your membership and save yourself some money each month!

There are plenty of other ways to get exercise without paying for a gym membership, such as going for walks, running around your neighborhood, or working out at home with YouTube or apps like Nike Training Club.


Entertainment includes going to the movies, dining out, concerts, and museums and galleries.

Try setting a budget for entertainment each month and sticking to it! You can also look for free or discounted events in your area.

Your Electricity Expenses

If your electricity bill is high, there are a few things you can do to lower it. One is to not use more electricity than you need to.

Another is to find a more energy-efficient plan with your electricity provider. You can also compare electricity in NSW to find the best energy provider for your requirements.

Final Word

There are many things in life that we waste money without even realizing! By taking a closer look at our monthly expenses and seeing where we can cut back, we can save ourselves a lot of money in the long run.

What are some of the ways that YOU save money each month? Share your tips in the comments below!

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