From Yahoo Finance: 2025-05-11 06:03:00

Americans are looking to cut household expenses, but it can be challenging. However, trimming certain costs can save a significant amount each year. Brand-name products, unused gym memberships, and excessive data plans are just a few areas where savings can be found. Making these changes could save households thousands annually.

One way to save on groceries is to consider store-brand items which can cost 10% less than brand names. This simple switch can lead to significant monthly savings. Additionally, canceling unused gym memberships and switching to lower-tiered phone plans can result in hundreds of dollars saved each year.

Reducing video streaming services and avoiding takeout food are other ways to cut expenses. By exploring free streaming options and cooking at home instead of ordering in, households can save thousands annually. Evaluating and cutting unnecessary bills can lead to substantial savings without sacrificing quality of life.

Read more: Cutting Out These 7 Expenses Can Save You $5,400 Per Year