Top Ways to Reduce Personal Finance Expenses in 2020


When it comes to finances, most of us could do with some extra help to make our money stretch a little further. Many people find that they have very little disposable income left after making all the essential payments – and there are some who struggle to even meet their essential payments. This includes housing costs, bills, food, and travel among others.

If you find yourself regularly in a situation where you are running out of cash early, it is time to make some changes. Making sure you keep costs down is essential, and this means budgeting more effectively. There are many simple ways in which you can reduce personal finance costs to bring your total monthly spending levels down. This can help to ease the financial strain and leave you with more disposable income.

Some Steps You Can Take

There are lots of different ways in which you can reduce personal finance costs and bring down your monthly spending. Some of these include:

Use Switching Sites

Many people are paying way over the odds on their energy bills, broadband services, mobile phone services, and more. However, a lot of people do not bother to check, and they continue to pay far more than they need to. This is something you should look at, as you could save a lot of money each month by switching to cheaper deals and providers.

The good news is that there are many switching websites that will make this task far easier and much less stressful. You can quickly and easily compare deals for services that you currently use, and if you find cheaper ones, you can switch with speed and convenience. With every saving you make, you have a little extra cash at the end of each month.

Look at Insurance Costs

We take insurance out for all sorts of things from health insurance and pet insurance to home insurance and car insurance. Rather than sticking to the same policy and provider, look at how much you can save by switching to another one. For instance, if you shop around rather than automatically renewing, you can reduce car insurance costs considerably. The same goes with other types of insurance cover you have in place.

By saving money on each of the insurance plans you have in place, you can boost your disposable income at the end of each month. However, make sure the plans you switch to offer the same or similar protection levels to the plans you are switching from.

Switch to Another Mortgage

If you are still paying a mortgage, it is well worth looking at the interest rates you are paying along with the terms of the mortgage. With interest rates now so low, it is important to look at whether you could save money by moving to another mortgage product or even another provider.

There are some great deals out there these days, so you could save a small fortune on your repayments every month with some simple research and by switching accordingly. You can take advantage of the rock bottom interest rates simply by shopping around and looking for the best mortgage deals.

Change Supermarkets

Some people spend a fortune each month on their grocery shopping, and this can really eat into your monthly budget. In the past, we had very little choice with regard to where we shopped. However, these days, you have all sorts of shops to choose from including discount supermarkets, online grocery stores, and more.

So, if you tend to always go to the same expensive supermarket, consider shopping elsewhere to get cheaper prices. In addition, try to stick to own-brand products rather than going for expensive brand names. You can even consider shopping online, as this often eliminates the temptation to make impulse purchases.

Pack Your Lunches

Many people spend far more than they realize on buying food while they are out. This is not just going out for meals but also purchasing sandwiches, drinks, and other items each day at work or college. It may seem like a small amount per day, but over the course of a month, it can add up to a considerable amount.

In order to save money, make sure you take packed lunches from home so that you do not have to spend unnecessarily. Not only will this work out much cheaper, but you can also make healthier lunches rather than relying on whatever is available in the shops on the day.

Cancel Unnecessary Subscriptions and memberships

You should make sure you go through your outgoings with a fine-tooth comb in order to determine whether you are paying any subscriptions and memberships you no long use or need. You then need to cancel these to ensure the money does not continue to go out.

An amazingly high number of people do not even realize they are still making payments on membership fees for something they haven't used in years. This includes everything from magazine subscriptions to gym and club memberships that you no longer have a need for.

Ease the Financial Strain

By taking these tips on board, you will find it much easier to ease the financial strain and enjoy more freedom when it comes to your money. You can reduce the risk of running out of cash before you have even met your essential costs. In addition, you can look forward to having a little extra cash to save or spend on yourself at the end of each month.

With modern technology at your fingertips, it has become easier than ever to budget more effectively. You should make sure you continue to keep a close eye on your income and outgoings so that you are always on track. You can do this by using budgeting software, creating your own spreadsheet, or even logging down your income and outgoings in an accounts book. This will make it much easier for you to stay in control of your finances.

5 Min Read

How Fitness Saved My Life and Became My Career

Sometimes it takes falling to rock bottom in order to be built back up again. I learned this many years ago when the life I'd carefully built for myself and my family suddenly changed. But in those times, you learn to lean on those who love you – a friend, family member or someone who can relate to what you've been through. I was lucky enough to have two incredible women help me through one of my lowest moments. They taught me to love myself and inspired me to pass on their lessons each da

If it weren't for the empowering women who stepped up and brought fitness back into my life, I wouldn't be standing – in the door of my own business – today.

In 2010, I was a wife, a mother of three, and had filtered in and out of jobs depending on what my family needed from me. At different points in my career, I've worked in the corporate world, been a stay-at-home mom, and even started my own daycare center. Fitness has always been a part of my life, but at that point being a mom was my main priority. Then, life threw a curveball. My husband and I separated, leading to a very difficult divorce.

These were difficult times. I lost myself in the uncertainty of my future and the stress that comes with a divorce and found myself battling anorexia. Over a matter of months, I lost 40 lbs. and felt surrounded by darkness. I was no longer participating in my health and all efforts to stay active came to a halt. I didn't want to leave my home, I didn't' want to talk to people, and I really did not want to see men. Seeing my struggles, first my sister and then a friend, approached me and invited me to visit the gym.

After months of avoiding it, my sister started taking me to the gym right before closing when it wasn't too busy. We started slow, on the elliptical or the treadmill. This routine got me out of the house and slowly we worked to regain my strength and my self-esteem. When my sister moved away, my good friend and personal trainer started working out with me one-on-one early in the morning, taking time out of her busy schedule to keep me on track toward living a healthy life once again. Even when I didn't want to leave the house, she would encourage me to push myself and I knew I didn't want to let her down. She helped me every step of the way. My sister and my friend brought fitness back into my everyday routine. They saved my life.

I began to rely on fitness, as well as faith, to help me feel like myself again. My friend has since moved away, but, these two women made me feel loved, confident and strong with their empowerment and commitment to me. They made such an incredible impact on me; I knew I needed to pay it forward. I wanted to have the same impact on women in my community. I started by doing little things, like running with a woman who just had a baby to keep her inspired and let her know she's not alone. I made sure not to skip my regular runs, just in case there was a woman watching who needed the inspiration to keep going. These small steps of paying it forward helped me find purpose and belonging. This gave me a new mentality that put me on a path to the opportunity of a lifetime – opening a women's only kickboxing gym, 30 Minute Hit.

About four years ago, I was officially an empty nester. It was time to get myself out of the house too and find what I was truly passionate about, which is easier said than done. Sitting behind a desk, in a cubicle, simply didn't cut it. It was hard to go from an active and chaotic schedule to a very slow paced, uneventful work week. I felt sluggish. Even when I moved to another company where I got to plan events and travel, it was enjoyable, but not fulfilling. I wanted to be a source of comfort to those struggling, as my sister and dear friend had been to me. I wanted to impact others in a way that couldn't be done from behind a desk.

I began to rely on fitness, as well as faith, to help me feel like myself again.

When I heard about 30 Minute Hit, I was nervous to take the leap. But the more I learned about the concept, the more I knew it was the perfect fit for me. Opening my own gym where women can come to let go of their struggles, rely on one another and meet new people is the best way for me to pass on the lessons I learned during my darkest times.

Kickboxing is empowering in itself. Add to it a high energy, female-only environment, and you have yourself a powerhouse! The 30 Minute Hit concept is franchised all over North America, acting as a source of release for women who are just trying to get through their day. I see women of all ages come into my gym, kick the heck out of a punching bag and leave with a smile on their face, often times alongside a new friend. 30 Minute Hit offers a convenient schedule for all women, from busy moms to working women, to students and senior citizens. A schedule-free model allows members to come in whenever they have a free half hour to dedicate to themselves. Offering certified training in kickboxing and a safe environment to let go, 30 Minute Hit is the place for women empowerment and personal growth.

Through my journey, I have learned that everyone is going through something – everyone is on their own path. My motivating factor is knowing that I can touch people's lives everyday just by creating the space for encouragement and community. It's so easy to show people you care. That's the type of environment my team, clients and myself have worked hard to create at our 30 Minute Hit location.

Fitness saved my life. If it weren't for the empowering women who stepped up and brought fitness back into my life, I wouldn't be standing – in the door of my own business – today. The perfect example of women empowering women – the foundation to invincibility.

This article was originally published September 12, 2019.