Groceries, internet, insurance… there are some expenses we just can’t eliminate. Wondering how you can save money on your everyday purchases? For those essential items that keep us going throughout the day, month, and even year, it can seem like there’s no way to trim the growing costs of just living. But, there are simple ways you can cut down on purchasing those items. All it takes is some creativity and inspiration, and you could be well on your way to cutting back on those necessities of life.
Simple ways you can reduce spending on everyday purchases
There are easy ways you can start reducing spending on everyday items, from things you need around the home to meals to subscriptions, insurance, and more. Check out our helpful list of 9 tips below.
1. Borrow items you need short-term
Sometimes we need certain household or personal items for just a short period of time. Vacuums, sports equipment, and winter tools are just a few. Why not check in with roommates, neighbors, family, or friends in your bubble to borrow items you need temporarily or just for the season? And, it’s not just big-ticket items. Books, games, pet supplies, the list goes on. That way, you get the best of both worlds; you can reduce spending on expensive items while taking care of your needs.
2. Start a cook-from-home night
If you’ve been ordering in often, you’re not alone. And while there’s nothing wrong with getting an XL pizza delivered right to your door, why not switch it up once a week? Choose one night a week and get creative with meal prepping in the kitchen.
Try experimenting with new recipes from your to-go favorites? Have fun with it. Start planning your meals on a weekly basis, and check out your favorite foodie Instagram account for their recipes. Not only will you reduce your spending, but preparing your own meals is delicious! Plus, cooking with loved ones is a great activity.
3. Price compare at home or online
Sometimes you can find a cheaper alternative to everyday items you need most. From grocery to pharmacy, you can find generic brands that are a fraction of brand names’ price. At the store, spend a few moments to compare how much a generic or brand name item is.
Before you head out to the store, check online flyers to see which grocery store has better sales for items on your grocery list. And, when it comes to online shopping, the search button is your friend. Check out which companies offer the same product as you’re looking for and see which one offers the best price.
4. Buy in bulk
While it may seem counterintuitive, buying in bulk can actually reduce your grocery bill. When items are sold in bulk, that means the cost per unit decreases, and that saving is passed onto the customer. Opt for essential grocery items like cleaning supplies, diapers, personal care products, laundry detergent. The beauty of buying these items in bulk means they won’t expire.
Another tip to save even more is to share these bulk items with friends and family. Calculate the total cost and divide it into how many households are sharing in the bulk purchase.
5. Bundle your subscriptions
Chances are you have TV, movie, or music streaming services or subscriptions to online magazines and newspapers. Take inventory of all your subscriptions and see where you may be able to bundle these fees or share accounts with members of your household. You’ll still get to watch your favorite series while bringing down the cost.
6. Purchase in the off-season
With more time spent around the house to do Renos, you may have been inclined to replace old furniture or appliances. Did you know that purchasing big-ticket items “off-season” can save you money? The best time of year to buy furniture is in July. That’s when sales are the lowest, so manufacturers often have lots of discounts to entice customers. Plus, as fall and winter furniture models are released, you can get outdoor furniture at a lower cost.
For appliances, September and October are great because manufacturers are releasing their newest models so that you can snap up deals on later models of things like ovens, fridges, dishwashers, and more.
7. Update your phone and internet plan
Spending more time at home means you’re most likely using your phone data less and using your Wi-Fi like never before. Now’s a good time to call up your mobile and internet provider to see if you can get a better plan that addresses your decreased data while accounting for more internet usage. Look out for bundles that can combine both your mobile and internet into one price.
8. Adjust or compare insurance rates
If you’re spending more time at home, your new daily commute is likely way shorter or simply nonexistent. Working from home, not visiting family or heading out to your weekly hockey game means you’re probably using your car less. Did you know some insurance companies will decrease your rate because you are a less frequent driver? Or, do some quick online research or ask friends and family to see if you can find a better insurance rate with another provider. Both are great ways to reduce the cost associated with owning or leasing a car.
9. Download the free Ampli cash back app
When it comes to the essential purchases we make every day, there’s an easy and effortless way to save on those. Ampli is a Canadian cash back app that helps you earn cash back when you shop online or in-store at partner brands. Ampli can help you save money on food, winter clothing, skincare, wellness products, and much more.
Start reducing your everyday spending today
Make your everyday purchases work a little more for you and your bank account. Start earning cash back today on essential purchases like pharmacy, meals, and wellness products when you download Ampli for free.
No endorsement of any third parties or their advice, opinions, information, products, or services is expressly given or implied by RBC Ampli Inc. or its affiliates. This article offers general information only and is not intended as legal, financial, or other professional advice. A professional advisor should be consulted regarding your specific situation. While the information presented is believed to be factual and current, its accuracy is not guaranteed and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the author(s) as of the date of publication and are subject to change.
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