6 extreme ways to cut your expenses

Health & Fitness

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Living paycheck to paycheck is stressful! Or maybe you earn enough but want to aggressively save up a deposit for a home or to pay off high-interest debts quicker. In this article, I’ll cover extreme ways to cut expenses.


The first thing you must do to get into a better financial position is cut expenses. If your situation is dire, then making extreme cuts to your expenses is the best way to quickly gain financial stability. Whatever your situation is, be sure that these six extreme cost-cutting expenses are ideas that anyone can follow.


Once you’ve tried them out and your financial situation improves, you may realize you didn’t even need these things in the first place! This could be the start of a lifetime of saving and only spending money on things that you really need.

Where To Start Cutting Expenses

You know you need to change your habits to achieve your financial goals. Before you make any cuts, there are a couple of things you should do first. By taking these preparatory steps, you are setting the foundation for your future success.


The first step is to decide what your goals are. Knowing what you are working towards makes it much easier to stick to your financial plan. Make sure to set both long-term and short-term goals.


Short-term goals might include being able to afford a new car, paying off some debts or a vacation. Long-term goals could be paying off all debts, buying a home, or building an emergency savings fund. Only you can decide what your goals are going to be. Make sure to have some short-term goals because every time you tick one off, you will benefit from that awesome feeling of achieving something that you wanted to.


There is no better way to stay motivated toward your goals than by achieving some of them along the way!

Got Your Goals Set – What Next?

Now that you’ve set some goals, the next thing you must do is create a budget. A realistic budget is essential to achieve your financial goals. Make sure to list every single expense you have to the exact cent. Once you can see exactly where all your money is going you can start to trim your expenses. Every cent you can save means you have money to use elsewhere.


You could add the extra money to your savings or investments at brokerages like Webull or Robinhood, pay off debts quicker or have more disposable money for day-to-day living. Having a detailed budget and making the six cuts I will suggest here will help you reach your goals!

Digging In: Extreme Ways To Cut Expenses

Now that you’ve set your goals and created your budget, you can take the next step by making six extreme cuts to your expenses. By following this advice, you will have more of your money available to use elsewhere.

1. Give Up Your Car

How much do you think you spend a year on car costs? The average consumer in America spends more than $9,000 per year on buying and running a vehicle. That’s $750 a month you could be saving by giving up your car!


Give it some serious thought. Could you get to work using public transport? Is walking or cycling an option? Think of all the payments you make relating to car ownership. The monthly car payment, insurance, repairs, gas, maintenance, taxes and vehicle registration could all be saved!


Depending on where you live, it may not be practical to not have a vehicle. You could still make savings, though, by switching to a cheaper vehicle or only using it when you must. Walking or cycling as much as possible not only saves you money, but it also helps you be healthier!

2. Cut The Food Bill

Consumers spend as much as $1,000 per month on food alone! That includes both groceries for the home and eating out. So cutting the food bill is a great way to save lots of money.


Start by no longer eating out. Even just three or four nights out a month can add up to over $200. Instead, make more meals at home. If you have like-minded friends, you could try taking turns hosting meals for each other to recreate a dining experience.


Do you grab lunch on the go every day? If so, stop that immediately! The average consumer in America spends $53 a week just on lunch, that’s almost $3,000 per year! Make your own lunch every day and save a fortune. Plus, you will always know what you’re eating, and it will (hopefully) be healthier for you!


These two extreme changes are already saving you nearly $5,000 a year. To save even more, you need to make cuts to your food bill for the home. Start by planning your meals and based on that plan create a shopping list. Doing this means that when you go grocery shopping, you will only buy what you need. Not only does this save you money, but it cuts down food waste as well! If you normally buy expensive brands, try switching to less expensive food. Quite often, they taste the same!


All these changes combined should see your food bill drastically reduced.

3. Ask The Kids To Get A Job

To say children are expensive would be an understatement. Recent estimates report it can cost over $284,000 to raise a child to the age of 18. That’s not including college!f you get your kids to earn their own money, this could help alleviate the stress on your budget. No one is saying you should stop paying for them. Clothes, school supplies, food and other necessities are still your obligation.

However, if your child earns their own money, they could use it to pay for entertainment, luxuries or add it to their college savings. This means you aren’t having to pay for everything! As a bonus, your child can also learn about managing their own money and the satisfaction of earning something themselves. Hopefully, these lessons will give your child a better start when they reach adulthood.


Jobs for children these days are hugely diverse thanks to the internet. Babysitting or paper routes are still options, but they could start a blog, become a YouTuber or sell handmade goods. Chat with your child about their skills and search online for suitable ideas.


Another tip for parents is to search online for free books. There are lots of ways to get free books either for leisure or school. This can save hundreds of dollars a year as books, especially school textbooks, can be expensive!

4. Cancel All Subscriptions

Consumers could save an incredible $33 a month on average by canceling all subscriptions. Over a year, that’s a potential saving of almost $400! Go through each subscription or membership and think about the alternatives.  If you have a gym membership, could you work out at home instead? Could you find content to watch for free rather than pay for a streaming service? Do you need that magazine subscription, or could you find similar content to read for free online?


To save the most money, cancel everything!

5. Cut The Cable

On average, consumers in America could save as much as $100 a month by canceling cable. That’s a lot of money!


If you enjoy watching TV, then look for free alternatives to keep up with your favorite shows. It will be hard at first, but you may find you have time for other things now. Many people spend hours a week watching TV. With all that free time, you could start a new hobby, read more or take on a side hustle!

6. Move To a New House

Moving to a new house isn’t easy, especially if you have a mortgage. However, if you can move you should give it some serious thought. Finding a cheaper area to live in or a smaller home can save you thousands of dollars. If you can move closer to work, you could save money on commuting or even give up your car and walk to work! If you have a mortgage, then try to negotiate a better deal the next time it’s up for renewal. Renters could ask their landlord for a rent reduction when the agreement is due for renewal.


Anything you can save on housing costs will be a fantastic boost to your budget!

How To Extremely Cut Expenses – Wrap Up

The six methods listed here are all extreme ways to cut expenses. Not all of them will be possible for you, and you may prefer not to go to the extreme lengths described here. However, even if you only follow some of the advice, you could still be saving thousands of dollars a year! Consumers could save over $5,000 a year just by cutting down on eating out, coffee and entertainment!


Start by setting your goals and creating your budget. Next, go through each point given above and cut your expenses as much as you can. Sticking to this plan means you will achieve your goals!




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50 ways to make an extra $100 a day


Busy but kind of broke? Join the club.


The internet is full of lists about ways to make $100 a day in passive income, but if you’re not prepared to sell an organ or become a Wall Street wolf overnight, a lot of those lists won’t do you much good.


For those looking to make money online, on the bus to work, or even laid out on your couch, there is a slew of options at your disposal. And they don’t even involve you spamming your former high school classmates’ inbox desperately trying to sell overpriced hair products or yoga pants for dubious online companies.


From becoming a virtual assistant to teaching online and selling physical products to creating sponsored social shares, there are plenty of opportunities to make passive income every month.


Here’s a roundup of easy ways to earn a hundred dollars a day in your spare time without losing your dignity or kidneys.


Jcomp / istockphoto





Survey sites like Swagbucks will help you get paid if you already spend a lot of time online. Many Swagbucks users make $1 to $2 a day by taking surveys, shopping online, and watching videos. The app offers a myriad of ways to earn cash back through gift cards or PayPal.





InboxDollars is another app that’ll pay you to play games, take surveys, watch videos, or do various other tasks. Next time you’re scrolling mindlessly through social media or watching a show, go to InboxDollars so you can get cash back on the side.





Survey Junkie connects you with brands and companies looking to get your opinions on a variety of subjects. This app will pay you to take surveys or even join focus groups depending on your demographics and interests.



Survey Junkie


Survey Rewardz also partners with companies to survey users and provide them with valuable marketing information. These companies pass along a small cash back reward to those willing to answer survey questions.



Survey Rewardz


This group has been pairing companies with users for over 20 years. With millions of survey takers to date, the site will pay for your feedback. Its partner companies will then use the survey results to inform its marketing decisions. You could easily make a hundred dollars a day simply by giving your opinion in your spare time!



American Consumer Opinion



Alliant Credit Union


Next time you go to the store, be sure you don’t skip on the receipt. Earn passive income by downloading the app, scanning your receipts, and saving up cashback and other perks from your favorite stores. You can use these rewards in-store and online.





You can get cash back rewards from many credit cards, debit cards, and loyalty programs. Check with your card holders to see what offers are available. You can also check your app store to find out if the stores you visit online or in-person the most offer royalty rewards.





If you need help finding cashback and reward offers, Rakuten is the place for you. Use their mobile app or website to help you earn cashback and other rewards for the sites you already shop on. Getting paid is easy. Just connect Rakuten with your PayPal account to cash in your rewards. This is an easy way to earn extra income every day.





Pay your bills online with Trim to make sure you’re taking advantage of savings without doing the work. Trim automates the savings process by negotiating bills, fees and even canceling old subscriptions. You don’t do any of the work; just sign up for a subscription and let experts do the work for you.





BillShark is another great way to negotiate bills and fees. Just download the app, upload your TV, cable, internet, phone, or other bills and let experts negotiate lower fees on your behalf. The best part? If BIllShark can’t lower your bills, they don’t get paid. You’ll easily make $100 extra bucks or more with how much you save on bills.





Before making your next online purchase, be sure to download the Honey app or browser extension. Honey scours the internet for coupon codes to save you money on your purchases. Even if they don’t find a discount code for you to use, you can earn Honey points to make extra cash via gift cards from Amazon, Target, Walmart, and other retailers.



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While you may not make money off YouTube immediately, you can build up your subscribers and view counts so you can start putting advertisements on your videos. You can also get tips from users if you do live streams.





Can you match $100 a day by playing video games online? Many streamers make more than that in tips from viewers in just a few hours of streaming on Twitch. Not a gamer? Stream musical performance, how-to videos, workout classes, and more. You can get paid to do the things you love or even teach others to play an instrument or learn a language. Audience members who like your live streams can donate tips to you, which you can cash out at any time.





If live-streaming isn’t for you, you can become a Twitch moderator. While not all moderators are paid, many streamers are at least willing to share their Twitch tips with moderators who keep the inappropriate language out of their chats or answer audience members’ questions.


Related: Do you have what it takes to be a Twitch moderator?


Markiplier/ Twitch


Many successful live streamers or YouTubers don’t have time to edit videos themselves. If you know how to edit videos, you can help content creators get their videos out sooner while also making extra income.



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Good at photoshopping? Make passive income by creating the cover image for Youtube or videos on demand (VODs). These thumbnails are simple yet catchy images that show viewers what their video is about. Many content creators are willing to pay for anyone willing to help them make an eye-grabbing thumbnail.



NikkieTutorials / YouTube


Content creators may offer exclusive emoticons or emotes to viewers who pay to be subscribers or members of the YouTube or Twitch channels. If you know how to make basic emotes, you can make quick money by working with content creators to make one-of-a-kind emoticons that fans can use in live chats.





If you’re good with a camera, you can upload your photos to various stock photo websites, such as iStock or Deposit Photos. While each site will have different rules regarding how you get paid, you can get credit for your photos. You’ll easily add $100 or more to your passive income revenue by selling stock photos.



Deposit Photos


More and more small businesses are relying on their own sites for eCommerce and spreading brand awareness. However, many owners need help designing their site. If you know basic coding and are familiar with popular hosting sites, such as Weebly or Squarespace, you can take on clients on a freelance basis to make some side cash.






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This option will let you clear out your home and fill up your bank accountant. While designer and well-known brands will fetch you more money online, Thredup and Poshmark also accept non-designer items. The cashout for non-designer items may be lower, but the savings can add up over time.



H E N G S T R E A M on Unsplash


Do you have digital artwork or prints you’re looking to sell?


Jump on the nonfungible tokens (NFTs) bandwagon and convert your artwork into profit. Many artists are making $100 a day or more by selling their art as NFTs. There are plenty of ways you can hop online to learn how to use NFTs if you’re not already familiar with how they work.


Sergey Shulgin / iStock


Not ready to make an NFT?


Sell your physical crafts or other goods through popular craft sites like Etsy. Since the pandemic, the demand for local or small business-made artwork and jewelry has increased. You can capitalize and make quick money on your talent by creating an online marketplace.




If you have gently used technology, furniture, or other goods, hop on eBay or Amazon so you can sell to buyers looking for a bargain. If you own your own business, you can even create an official store through these popular sites so you can reach an even broader audience.





For less valuable goods, use Craiglist, Facebook Marketplace, Letgo, or other sites that match local buyers with sellers. You can move clothes, yoga mats, planters, and more quickly and even arrange socially distanced pickups.






Vladimir Vladimirov


Turn your love for yoga, pilates, workouts, dancing, or more into a fun way to share your passion with others and get paid. Many people are willing to sign up for digital workout classes for a flat price or a suggested tip. You can simply share a Zoom link for a fee or use Twitch, YouTube, or even live stream through Facebook.





For those who have beefed up their home gyms during the pandemic, a personal trainer can be a great way to turn their pandemic panic buy into a way to actually go through with their plans to reach fitness goals while stuck at home. Make quick money online by walking through workout routines, warmups, and how to use gym equipment so others can safely learn to work out from home.





Have extra fitness equipment? Rent out your dumbbells and equipment to others who are trying to get into shape. You can help and make good money by renting out equipment when you’re not using it.





Help others sort out sustainable diets from trendy ones. Many people need assistance planning out meals, determining if going keto is right for them and answering other nutrition-related questions. You can also offer meditation and motivational classes too. You could easily make a hundred dollars a day with this side gig!





Love cooking? Help others find their passion for food by teaching them how to find deals, plan healthy meals and snacks, and find recipes that work for their dietary and nutritional needs and goals.





If you love cooking, you can always take meal planning a step further and prep the meals yourselves. Many people are looking for local alternatives to national meal prep companies. Make extra money by sharing your favorite meals with others. You can offer different plans depending on your future clients’ nutritional needs and how many meals they’re looking to buy. Just be sure to follow good kitchen hygiene.






Maria Symchych-Navrotska / istockphoto


Many professions require listening to recordings and transcribing them in full. If you’re willing to transcribe these recordings, you can get paid handsomely for your efforts. Use sites like Fiverr or dedicated transcription agencies to sign up and take on clients on a freelance basis to make more money every month.



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With the rise of online learning during the pandemic, many students from K-12 to college need extra help as in-person tutors become scarcer. Teaching English online is especially in demand. You can sign up to work with an agency that offers tutoring services or advertise to friends and family yourself to build up a client base. The hourly rates will vary depending on which service you sign up with.



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News organizations, offices, and many other professions all need help filling writing and editing roles. If you have a knack for grammar, you can freelance from anywhere in the world. Make good money from freelance gigs on LinkedIn, Indeed, Fiverr, and even social media posts from independent workers or small businesses asking their followers for help filling these roles. If you love writing, you could also start your own blog and use affiliate links to start making money on your own time, too!





If you have an upbeat personality and enjoy talking to people, many companies are looking for customer service reps who can work from home. There are plenty of options, from large corporations to local businesses, if you’re willing to work odd hours and help people solve their problems or answer questions about a business or product. If you’re willing to work a few extra hours a week as a customer service rep, you can easily make an extra $100 a day without ever leaving your couch. The average hourly rate may vary, but you can make good money with this job no matter your schedule.





Do you have experience in leadership, marketing, getting the most out of tax refunds, or a variety of other in-demand topics? Then the chances are high that there’s a market for your advice or expertise. Many entrepreneurs are selling their expertise through webinars that are either live or prerecorded. You can make money quickly by hosting them through Zoom, Facebook, your personal website, or various other sites and either ask for a flat fee or tip for access to your webinar.





As more people adjust to working from home, the demand for virtual assistants has increased. If you’re good at managing schedules, ticking off to-do lists, and helping people get through their day, you could sell your services as a virtual assistant.



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Many people are willing to pay you for feedback on their website or physical product from tech startups or professionals revamping their portfolios. Whether you have an eye for good website design or comparing products, you can get paid through sites like UserTesting.com for your feedback.



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If you already spend most of your time on social media, you can capitalize on your free time by getting paid as a social media manager. This could involve creating posts, targeting certain audiences, affiliate marketing, building up followers, posting photos, or creating several other posts that will engage a business’s targeted audience and increase its brand recognition.








Going out of town and not taking your car? Rent it on a site like Turo to make quick money and easily earn $100 a day. The company will connect you with nearby candidates who want to rent a car. You can set the price per an allotted period of time and even a fee to cover insurance costs.





Anyone who owns or rents a coveted parking spot can rent them out for a fee through SpotHero. This can be an especially lucrative way to make money every month if you have a parking spot in a cramped city or another area with few parking spaces to go around.



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Spacer is another great alternative for anyone with a parking space or spare garage to rent out. It’ll be especially easy to make a hundred dollars or more if you’re looking to rent for a month or longer since Spacer connects users wanting to rent monthly with those looking to rent through the site.





Cameras, film equipment, audio equipment, and more are in high demand but can be expensive to purchase. If you have any equipment you’re willing to rent out for some passive income; you can make money off sites like ShareGrid and KitSplit.





When you’re not traveling the country in your RV, rent it out on RVShare to make extra cash. Since the pandemic, demand for RVs has skyrocketed, making it the perfect time to put your camper on the market and earn some passive income off it.





Selling physical products, like clothes, online can take more time, but it’s still an easy way to earn passive income and make an extra $100 fast. Clothes for special occasions can rack up and take up space in your closet. You can rent expensive tuxedos, dresses, and other items online through StyleLend, RentMyWardrobe, and other sites.





Going out of town? Rent out your space on Airbnb. Depending on where you live, your home, apartment, or condo could get high dollar amounts, especially if it’s around the holidays or peak vacation times.








If you play games on your phone anyways, download Mistplay.


The app helps you earn points that you can cash in for gift cards to your favorite places. You can even add your friends on Mistplay and compete in challenges with them while earning extra money every month.




Swap out your regular solitaire app for Solitaire Cube so you can start making money in your spare time. If you’re a casual solitaire fan, you can play in the Practice League and work your way up in the leaderboards. Anyone who places in the top three of the boards will win prizes through Solitaire Cube.





Looking to discover new games? Connect with Bananatic to download free games. You can play or test out new games, gain banana coins and cash them in for various prizes, including game skins, steam wallets, pay safe cards, and more. This is a great way to earn extra money every month.





Play bingo in Blackout Blingo, formerly Blackout Blitz, to earn rewards and cash. The bingo game has already garnered the attention of over 5 million players. You can play on your android, iPhone, or iPad anywhere and at any time.





Nielsen is a global marketing agency that offers various ways you can get paid for your opinions, testing products, and even playing games. Join their Nielsen Panels, Nielsen Families, or other research groups to earn cash for your opinions on games, movies, TV shows, products, and more.


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