Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!

Identifying Areas You Are Overspending

Budgeting can be a fairly simple task if you have the right know how.  There are plenty of budgeting apps available for the tech-savvy which some of my friends have said are really useful.  I don’t use these myself, however, it’s not just technology that can help you save money.  By simply looking at your spending habits and identifying areas that you are maybe a bit overly generous with your spending you’ll have a much easier time managing your finances so that you don’t need to worry about getting yourself into debt.

Examining your finances can be tricky.  Where you can, it’s best to try to reduce the larger expenses if possible.  What many tend to overlook is the smaller transactions you make and the money you could save by being more careful with your everyday expenses.  It’s the little things that can really affect your monthly outgoings especially if there are quite a few of them.  I wanted to highlight in this post areas that many often overlook that where addressed can help you save money!

Always Strapped For Cash At The End Of The Month?

Do you struggle to make ends meet every month before your pay appears in your account?  It’s likely that you’re living beyond your means or don’t plan ahead with your finances.  We’d all love to find some hidden money in our homes to help pay for things, but the reality is that it rarely ever happens.  Instead, try to save your money by budgeting correctly so that you never have to struggle at the end of the month for money.  Think about frugal practices and apply them to your spending so you have more financial freedom.

Excessive Use Of Utilities

Do you leave the lights on at night?  Do you always leave your water running when you brush your teeth / have a shower in the morning?  Is your heating / heater on all the time?  Don’t forget these all cost money and are common areas where we can all make savings.  Why not use a light with an energy saving bulb at night, look into getting free water saving devices or look at ways to help lower your heating costs.

Shop Around For Insurance

I’m shocked at how few people shop around for insurances and just let the automatically renew to save time.  I find by shopping around I can more often than not make a saving from the previous year whether it’s house insurance, car etc.  I use comparison websites such as GoCompare as they are simple to navigate and clear with the information provided.  It’s important to ensure you are getting the best price, I mean why spend more than you need too?  It just lines the companies pockets and empties yours.  

What Are Your Hobbies Costing?

Lastly, another common issue that people face is having too many hobbies or should I say having costly hobbies.  Not only does having too many hobbies make it hard for you to focus your efforts, but it also means you have more expenses to think about.  I’ve seen plenty of times where people have begun a hobby, in some cases bought pricey equipment only to decide not long after it’s not for them.  For starters renting or even borrowing equipment can be much cheaper and allows you to see if the new activity is for you.  Not all hobbies are expensive, look around in your local area and see what’s happening there.  You might discover something new that’s great fun and inexpensive.

What tips would you suggest to help avoid overspending each month?


Enjoying this post? You can subscribe to Melanie’s Fab Finds to have posts delivered straight to your inbox once including recipes, reviews, competitions etc. before anyone else.  Don’t worry I won’t spam you.


Watch our product reviews on YouTube: 


This Post Has 18 Comments

  1. I am pretty bad at keeping a regular budget, so this is a good post for me! My husband normally takes control with finances. Saving something each month helps for those emergency times!

  2. I must admit my problem is that I am an impulse shopper which is where my problem lies. I’ve started being better with my finances recently though and saving . We also need to look at our budget and see what costs we can cut down or out.

  3. These are some great tips! It is always good to look at where you may be spending a little too much

    1. Thanks Mellissa, I hope you can use some of them yourself.

  4. I am guilty of having too many hobbies, definitely trying to use up what I have before buying anything new.

    1. It’s surprising how much you could save by doing this.

  5. Oh I love all these tips! I am the worst for looking after money and spending it well! x

    1. Glad you found them useful. Hopefully these tips will help you save a little money x

  6. Such great list to have a good think about where your money REALLY goes to! Sometimes it can be surprising to know.

    1. Tell me about it. It’s also a good way to cut down buying junk food when you realise how much you actually spend on it.

  7. Great read. I definitely spend far too much on my Disney obsession

    1. I bet a collector would love to buy them off you x

  8. These are definitely great ideas on cost cutting and saving money. I am going to try to implement and follow as many of the suggestions you have included as having the extra bit of money is so crucial and every little bit helps.

    1. It really can make a difference. Good luck xxx

  9. Didn’t know there were budgeting aps. Thats a good idea.

  10. This is a great post and when I took a moment there to think “Am I overspending on this, that or the other?” and my answer is, yes! Yes I am! I must rectify that!

    1. I hope it is something that you can do easily. With any luck you will make a nice saving x

  11. I need to seriously look at my spending. I’m sure I could save a nice amount each month if I do.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close Menu