Americans spend more on housing and housing-related expenses than on healthcare, entertainment, clothing, and other miscellaneous expenses combined.


But here’s the thing about housing costs, and in particular those dreaded monthly bills: you can easily reduce them! What do we mean by bills? We’re talking about costs like your monthly electricity, cable, and grocery bills – PLUS lowering the biggest expense of all: your monthly mortgage payment.

Pretty enticing, right? And yet, this is just the tip of the iceberg.

We created a comprehensive guide that will walk you through how you can keep more money in your pocket on a monthly basis. It’s broken up into two sections: How to Put Less Money In and How to Get More Money Out.

So if you’re feeling a little overwhelmed at the financial weight of your household expenses, you really need to get your hands on this:

How to Put Less Money In


Average cost: $183/month

How you may be able to lower it:

  • Switch to energy-efficient light bulbs
  • Install a programmable thermostat
  • Check for peak energy times


Average cost: $82/month

How you may be able to lower it:

  • Lower your hot water temp
  • Install a programmable thermostat
  • Replace your furnace filter


Average cost: $40/month

How you may be able to lower it:

  • Fix your leaky faucets
  • Install low flow fixtures
  • Take shorter showers


Average cost: $100/month

How you may be able to lower it:

  • Downsize your cable plan
  • Cut the cord
  • Negotiate

Food and groceries

Average cost: $583/month

How you may be able to lower it:

  • Buy in bulk
  • Delete food delivery apps
  • Make a grocery list and stick to it 

How to Get More Money Out

A mortgage refinance

If you didn’t know, refinancing your mortgage is the process of replacing your current loan with a new one, and usually it’s to accomplish one or more of the following:

  • Lowering your monthly payment
  • Shortening your loan term
  • Getting cash out for major expenses

Home equity will play a part in maximizing your mortgage refinance, and this guide will also answer these questions:

  • What’s equity and why’s it important?
  • How can you improve your equity?
  • What home renovations have the highest ROI?

Ready to see the full picture of how you can cut these housing costs and how a refinance can be a financial game-changer for you? 

Learn more about our home financing options today

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