Ways to Cut Down on Household Expenses Ways to Cut Down on Household Expenses Cutting down on household expenses can help you stick to your budget. Here are some ways to make every penny count: Save money on grocery bills by planning your meals ahead of time and using a grocery list Buy items in bulk at warehouse clubs and discount stores Save money on heating costs--lower the thermostat at night and while you're at work Save money on phone bills--shop around for a cheaper long-distance plan Avoid accumulating high-interest debt--cut up your credit cards and use cash instead