Saving money can be difficult for a lot of us, especially if our debt to income ratio is at a breakeven (that's fancy talk for "as soon as it comes in, it goes right back out"). We have nine ways you can save on your monthly expenses and put more money back into your own pocket. Read on to learn more.

Nine Ways To Save On Monthly Expenses

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Buy Groceries In Bulk

Weekly food shopping can be pricey, especially if you're not couponing or shopping via your grocer's sales flyer. One of the first steps to saving money each month is to try buying in bulk from warehouse clubs like Sam's Club, BJ's and Costco. Some experts estimate buying in bulk saves you around 20% on your purchases, while others have found that buying in bulk saves you as much as 83% on some items. There's also plenty of apps to use that will help you save money on groceries as well.

Create A Budget
(And Stick To It)

If you have an income, then you should have a budget. Without a monthly budget, your expenses can get out of control real fast (trust me). How do you know what you can afford? Simple. Write down your net income (that's after taxes) and the amount of fixed expenses you pay each month (rent/mortgage, car payment, auto insurance, utility bills, credit card bills, etc.). Make sure you are aware of their due dates so that you aren't surprised when you receive a late fee or additional interest charge or, worse yet, when the payment is debited from your checking account and you have insufficient funds to cover it. Sticking to a budget will surely help you with overspending.

Eat Out Less

It's always nice to indulge every so often, but eating out can be expensive. Save dining out for special occasions and use sites like restaurant.com for discounts and deals on restaurants in your area.

Planning meals at home and meal prepping will help you with the first two tips we discussed too: by creating a food budget, you'll know what you can spend when you food shop. Creating healthy, balanced meals at home just takes a bit of know-how and discipline, but let's be honest: who doesn't enjoy a delicious, home-cooked meal?

If your cooking could use a little boost, why not try a meal subscription plan? We use Hello Fresh and love it!

Click to save $90 and get free shipping at Hello Fresh.

Transfer Credit Card Debt

There's nothing worse than throwing your money away on fees and interest from multiple credit cards. We get it: we pay to use their service. We pay for the luxury of being extended credit. But we don't have to overpay.

Look for credit cards that offer low to no interest (usually for the first 6-12 months) and transfer your balance(s) to that card. Credit Karma did the legwork for you and found 10 companies that offer the best balance transfer cards.

Switch Utility Providers

If you live in the US, there's a chance you are in a state with utility deregulation. That means you get to choose your energy supplier, which in turn can mean a lower utility bill for you. It doesn't hurt to peruse a list of alternative energy suppliers in your state to find one that is less expensive than your current supplier and making the switch. By the way, literally nothing changes when you change suppliers: your utility company stays the same (since they are the distributor) and you continue to receive the same utility bill and customer service as you did before you made the switch.

Get A Better Mobile Phone Plan

Stop making these phone companies richer, and put that money where it belongs--in your own pocket.

If you aren't locked into a contract or if it's almost time to renew your contract, you might want to reassess your provider and your plan. Personally, we love no-contract providers such as Straight Talk for their simplicity and affordability. Plans start at on $30 a month with unlimited text.

Shop For Cheaper Insurance

Find A Better Checking Account

Give Yourself A Raise

Have you done an audit of your homeowner's or auto insurance policy lately? Chances are you just pay and renew, pay and renew, without giving it much thought. With all the competition out there, there's bound to be a lower insurance premium you could be paying. In fact, if you are between the ages of 23 - 38, check out this study on auto insurance rates: It shows how factors like age, living arrangements, location, and credit can have a big impact on auto insurance rates.

Sounds impossible to find, right? Well, not quite. Capital One 360 Checking is practically fee-free. There are no monthly service charges, no minimum balance required (so no fees for dipping below a minimum balance), no minimum to open the account (bonus!), no atm fees, and if you do happen to overdraft, they have many cost-effective ways to cover it.

Too many of us have far too much withheld in taxes from our paycheck. The IRS is not a savings account; while it may be nice to get a healthy refund at tax time, why would you want to 1-loan your money to the government and 2-wait to spend your hard earned money? Revisit your W-4 and see if you can put a few more dollars in your pocket (and not Uncle Sam’s).

Check Out These Money Saving Coupons:

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