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25 Household Expenses You Can Cut



Owning a home is a great goal to have. However, once you have ownership — there are some easy-to-miss expenses that you no longer want to afford. These are fees that may be costing you more than you think. Here are 30 household expenses you can cut.

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Cable or satellite TV subscriptions

The whole world is watching everything through subscriptions, but consider canceling your cable or satellite TV subscription and switching to streaming services like Netflix, Hulu, or Amazon Prime. Many families don’t use their streaming services enough to justify their monthly purchases on them. If you aren’t using your streaming services, consider canceling.

Landline phone service

Many individuals have moved completely to using their cell phones but have never gotten around to getting rid of their landlines. If you only use your cell phone, consider canceling your landline service to save money on phone bills.

Premium cable channels

Some may use their cable TV enough to justify their purchase of it, but sometimes people don’t realize that they are paying for premium cable channels that they simply never use or rarely use. If you have a cable or satellite TV subscription, consider downgrading to a basic package and eliminating premium channels that you don’t watch regularly.

Magazine and newspaper subscriptions

Consider canceling physical magazine and newspaper subscriptions and switching to online versions or reading them at your local library instead. This shouldn’t take long and can save you some cash in the long run.

Gym memberships

Gym memberships may seem cheap, but they can easily add up with time, and you may not see how much you’re spending on a membership. If you still want to stay in shape, consider cardio outdoors, like a walk, jogging, or going for a hike. You can also consider some of the many at-home workout videos that can help you focus on your specific fitness goals. Additionally, you could consider buying a cheap set of weights or a treadmill. While this may be a large purchase at the beginning, as you use it with time, it will pay itself off.

Home security systems

If you have a home security system, consider canceling it or shopping around for a cheaper provider. You can also consider alternative security measures, such as installing motion-sensor lights or using security cameras. This will vary from person to person, although looking for cheaper options for security can save you big bucks long term.

Home cleaning services

Paying for professional cleaning services is very convenient, but it obviously comes at the cost of losing a few dollars. If you’re looking to save money, consider doing the cleaning yourself or calling upon the help of your family. If you have kids, consider creating a habit of having the whole family clean the house every weekend. You can also consider how you can help your kids and family build daily cleaning habits to save yourself some time on the weekend.

Lawn care services

If you have a lawn, consider cutting your own grass or hiring a local teenager to do it for you. You can also consider xeriscaping, or landscaping with drought-resistant plants, to reduce the amount of time and money spent on lawn care. This way, you can save money and still have a beautiful front yard.

Pest control services

If you have a pest control service, consider canceling it or finding a cheaper provider. You can also take preventive measures, such as sealing up cracks and crevices and keeping food stored in airtight containers, to reduce the need for pest control services.

Credit card fees

If you have credit cards with annual fees or high-interest rates, consider switching to a card with no annual fee or a lower interest rate. Read more on about how you can avoid or reduce credit card processing fees.

Car insurance

Shop around for car insurance and consider switching to a provider with lower premiums. You can also raise your deductible or drop certain coverage options to save money on car insurance. If you’re a safe driver and you know you don’t need all the coverage options, you should seriously consider this option.

Life insurance

If you have life insurance, consider shopping around for a policy with lower premiums. You can also consider term life insurance, which is usually cheaper than whole life insurance.

Property taxes

If you own a home, consider appealing your property taxes if you think they are too high. You can also look into tax breaks and exemptions that may be available to you. If property taxes are getting too high, you can even consider a new state with lower property taxes or no property taxes. Many people make a plan to move to low-tax states for retirement.

Energy bills

Consider using energy-efficient appliances and turning off lights and electronics when they’re not in use to reduce your energy bills. You can also shop around for a cheaper energy provider or consider using renewable energy sources. Additionally, you can look to install solar panels or other clean energy sources that can reduce your energy bills.

Water bills

Install low-flow showerheads and toilets and fix any leaks to reduce your water usage and lower your water bills. You can also consider collecting rainwater to use for irrigation or other household tasks. Even building small habits like turning off the water when it’s heating up can save you some long-term cash.

Heating and cooling costs

Consider sealing up drafts and adding insulation to your home to reduce heating and cooling costs. You can also invest in a programmable thermostat to automatically adjust the temperature in your home based on your schedule. You can also consider bundling up more in the winter or spending more time outside of the house and at the pool over the summer to cool off.

Gas and transportation costs

Gas is getting pricey, so consider carpooling, taking public transportation, or walking or biking instead of driving to save money on gas. You can also shop around for a more fuel-efficient car or consider car sharing or using a car rental service when you need a car.

Eating out and takeout food

Preparing meals at home is usually cheaper than eating out or ordering takeout. Consider meal planning and cooking at home to save money on food expenses. Meal planning can help you save money and eat healthier, so you can hit your financial and fitness goals.

Grocery store loyalty programs

While loyalty programs can sometimes offer discounts and rewards, they can also lead to overspending. Consider whether the benefits of these programs outweigh the costs, and consider opting out if you’re not getting a good return on your investment. Take a look at how much you’re spending at the grocery store and think if you really need all that you’re buying.

Brand-name products

Going along with grocery store programs, switching to generic or store-brand products can save you some cash as you get into this habit. Typically, these generic brands are just as good as their brand-name counterparts but at a lower price.

Expensive hobbies

Consider cutting back on expensive hobbies, such as golf, skiing, or horseback riding, and finding cheaper alternatives, such as hiking, bike riding, or playing a sport.

Entertainment subscriptions

If you have subscriptions to streaming services or other entertainment platforms that you’re not using regularly, consider canceling them or switching to a cheaper plan.

Credit card interest

If you have credit card debt, consider transferring your balance to a card with a lower interest rate or consolidating your debt into a personal loan with a lower interest rate.

ATM fees

Avoid using ATMs that charge fees and opt for ones that are part of your bank’s network or offer free transactions. You can also consider using a credit card or debit card for transactions instead of withdrawing cash.

Professional development courses

If you’re considering taking a professional development course, consider whether it’s worth the cost and whether you can find a cheaper alternative, such as taking a free online course or attending a local workshop.

Subscription boxes

If you’re paying for subscription boxes that you’re not using regularly, consider canceling them or finding a cheaper alternative.

Home maintenance services

If you’re paying for home maintenance services, such as cleaning gutters or changing air filters, consider doing the tasks yourself or enlisting the help of family and friends.

Personal grooming services

If you’re paying for expensive personal grooming services, such as haircuts or manicures, consider doing the tasks yourself or finding a cheaper alternative.

Bank fees

If you’re paying monthly fees for a checking or savings account, consider switching to a bank that offers free accounts or negotiating with your current bank to waive the fees. You can also consider using an online-only bank, which may offer lower fees and higher interest rates.

Travel costs

If you’re planning a vacation or trip, consider finding ways to save money on travel costs, such as flying during off-peak times, staying in a budget hotel or Airbnb, or taking a road trip instead of flying. You can also consider alternative modes of transportation, such as taking the bus or train, which may be cheaper than flying or driving.

The post 25 Household Expenses You Can Cut appeared first on Due.

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This is What You Need in Your 5-Year Marketing Plan



Opinions expressed by Entrepreneur contributors are their own.

We’ve all heard the interview question, “Where do you see yourself in five years?” Marketers routinely take that question and apply it to their marketing strategies. They figure out what they want to achieve and then develop actionable steps to get there. Keep in mind, these plans aren’t designed to be all-encompassing. They serve as a guidebook for different scenarios while getting the team thinking about what they’d like to accomplish long-term.

Your five-year plan is a way to build an overarching metric for how you’re doing — or how you plan to do over the next half-decade. There are many things to consider when building your plan — here are a few to look at carefully:

The 3 key buckets

A successful five-year marketing plan should fixate on three main questions:

  1. What assumptions can you make about the next five years within your company?
  2. What goals do you want to achieve?
  3. What are the metrics you’ll use to measure those goals?

Assumptions are what you think won’t change in the business over the next five years. For example, you might assume that you will continue using particular vendors or that packaging costs will remain stable. From there, you can determine your goals — like boosting sales by 50% or converting 10,000 new customers. The metrics that measure your progress might be units sold or your company’s market share. It’s essential to include both readily-accessible metrics — such as website views — and brand metrics that might be a bit harder to come by, such as the associations your customers have made with your products or company.

Importantly, there’s no “right” or “wrong” when it comes to answering these questions. Every business has its own vision, resources and position, which all influence its marketing strategy. The aim is to develop a plan that will produce the most desirable outcome for you, rather than worrying about what other businesses have the capacity to do.

Related: Use These 5 Steps to Create a Marketing Plan

Narrowing your focus

Just like consumer preferences, marketing tactics are constantly shifting. Social media demonstrates this well. Because social media platforms have skyrocketed over the past two decades, marketers no longer rely solely on traditional platforms such as print or television ads. And even within social media, things aren’t constant. TikTok has become one of the fastest-growing platforms, quickly overtaking Facebook.

With so many options, your marketing plan must keep a narrow focus. For some companies, TikTok doesn’t matter. They can’t yet measure the return they’re getting from the platform, so this isn’t exactly a feasible opportunity. Don’t be tempted to try everything or be everywhere. It’s a matter of isolating what you practically can use to give you the insights that will help you.

Two questions will help focus your strategy:

  • How do your goals compare to last year?
  • What are you striving for (e.g., enhancing the brand vs. increasing brand awareness)?

How you answer those questions will help you identify where and how to focus your efforts so you don’t get lost in a bunch of small, irrelevant tactics.

Using your budget

Most people think of budgets as being stable or hard data — but almost all companies work with unknowns. In reality, the best they can do is come up with an educated guess that seems to make sense – a ballpark range. Because nobody can plan with certainty for every scenario — and because it’s so easy to become overwhelmed with an infinite range of outcomes — it’s advisable to lean on a few key financial assumptions and build a strategy around those.

Once you have a budget figure to work with, create high and low projections for everything you want to do. Let’s say the aim is to get to 50% brand awareness. What would your plan look like if you exceeded that and got to 75%? Alternatively, what would you do if awareness went down to 25%? Creating these high and low projections will let you design a more flexible approach and avoid being caught too off guard.

As you come up with your main scenarios and high-low projections, think about the key internal drivers you’ll need to address next year. Consider the risks, and assess whether you’ll have the data, technology and skills to develop and maintain what you expect to put forward. Keep in mind that it’s more important to pivot when issues come up than to predict what’s going to happen accurately.

Related: 4 Tips for Developing a Marketing Plan That Will Actually Grow Your Business

Paint flexibly within your broad strokes

A five-year marketing plan paints a broad, long-term picture of how you’ll communicate with your audience while giving details about your projected products or services. It includes assumptions and factors that aren’t necessarily static, so you have to approach it with a grain of salt and be ready to shift gears if the plan doesn’t work.

Even so, if you stick to three key buckets (assumptions, goals and metrics), keep your tactical focus narrow and incorporate multiple projections in your budget, you should end up with a strategy that blends the data and flexibility needed to strive in a changing world. Because annual marketing plans need to connect to your long-term marketing vision, let the annual marketing meetings serve as check-in points to keep your longer-term marketing plan relevant and viable.

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Lauren Sánchez Is Heading to Space on a Girls Trip



Sorry, Jeff — this one is for the girls.

Jeff Spicer / Stringer I Getty Images

The Amazon executive chairman’s girlfriend, a former journalist who collaborates with him on philanthropy, is bringing a girl gang to space

Jeff Bezos’ girlfriend, Lauren Sánchez, said in a new interview with the Wall Street Journal that she planned to take an all-female trip to space with the Amazon founder’s space manufacturing company, Blue Origin.

Five women will join her on the journey.

“It’s going to be women who are making a difference in the world and who are impactful and have a message to send,” she told the outlet.

The mission is set for early 2024, and the passengers’ names will be announced at a later date.

The WSJ’s report was Sánchez’s first solo interview, the outlet noted, since her relationship with Bezos went public in 2019, shortly after his divorce announcement from now ex-wife, MacKenzie Scott.

The interview also talks about Sánchez’s relationship with Bezos and the business advice he’s given her (keeping meetings under an hour, speaking last as a boss).

Sánchez is a former broadcast journalist and a helicopter pilot who founded her own filming company Black Ops Aviation, per Insider.

“Right now, I’m immersing myself in philanthropy and strategic giving,” she told the outlet. She also has a new production company, Adventure & Fellowship.

Bezos and Sánchez also work together on picking the winner for the Bezos Award for Courage & Civility, which was awarded to Dolly Parton in 2022, giving her $100 million to dole out to charities as she pleased.

But don’t expect Bezos to crash the girls’ trip. “He’ll be cheering us all on from the sidelines,” Sánchez said, adding that Bezos is “excited to make this happen with all of these women… He’s very encouraging and excited, and he’s thrilled we’re putting this group together.”

Sánchez’s nonprofit work includes This Is About Humanity, which helps give supplies to kids separated from their parents at the U.S.-Mexico border, supporting the Bezos Earth Fund, which fights climate change, and working with the Bezos Academy, a system of free Montessori schools.

Bezos told CNN in an exclusive that aired in mid-November that, like many other billionaires have pledged to do, he would give away most of his money.

Ex-wife Scott, meanwhile, has donated over $14 billion since 2019, much of it coming from the settlement with Bezos.

Bezos has always planned on giving his money away, Sánchez told the outlet.

“Jeff has always told me since I’ve known him that he’s going to give the majority of his money to philanthropy,” she said.

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8 Ways Traders Can Manage Their Emotions and Achieve Success



Opinions expressed by Entrepreneur contributors are their own.

Short-term trading can be a thrilling and potentially profitable endeavor, but it also requires a deep understanding of not only the markets and strategies but also of one’s own trading psychology.

The fast-paced nature of short-term trading (scalping, day trading, and to some extent, swing trading) can lead to significant stress and emotional turmoil, which can negatively impact a trader’s performance if not properly managed. In this article, we will explore some key aspects of trading psychology and discuss strategies for managing emotions and achieving success in the trading arena:

Related: 6 Important Tips for Improving Your Emotional Control

1. Detachment

One of the most challenging things about trading is the ability to remain emotionally detached from our trades. This means that you should strive to separate your emotions from your trading decisions and focus on the facts and data. This can be difficult to do, especially when the market is moving against you or when you’ve already experienced losses. But this detachment is crucial for maintaining a rational perspective and making sound trading decisions.

At all times, you must get into the habit of asking yourself the question, “Am I just projecting onto the market what I want to see happen or not see happen, or am I looking at things objectively?”

This is a very powerful way to notice when you’re getting carried away in rash emotional decisions.

2. Attitude

Another important aspect of trading psychology is having a positive attitude. Attitudes are different than emotions in that they’re the mindset you decide to cultivate day in and day out, in the face of challenges and difficulties.

Trading can be incredibly challenging, and it’s easy to get discouraged when things aren’t going well. So, traders must be able to stay positive and maintain a long-term perspective, even when faced with short-term losses.

This can include things like focusing on the lessons that can be learned from losing trades, rather than dwelling on the losses themselves. It’s also crucial to have realistic expectations — not expecting to become a millionaire overnight, but being patient and consistent in your approach while keeping an open mind to learn and evolve with time.

3. Discipline

It’s also crucial for traders to stay disciplined. Even the most successful traders can fall into the trap of getting caught up in the hype of a new trend. There’s nothing wrong with onboarding a new trend, but generally speaking, traders need to learn to think for themselves and not blindly follow what’s hot at the moment.

To avoid these trading psychology pitfalls, traders should focus on a well-researched strategy and stick to it, even when things aren’t going their way. This can be achieved by developing and following a trading plan, which outlines your risk management, entry and exit criteria, as well as other important elements of your approach.

Additionally, traders should also set specific goals and hold themselves accountable for achieving them.

4. Self-awareness

One of the key elements of a winning trading psychology is self-awareness. This includes being aware of your own strengths and weaknesses, as well as your emotional triggers and tendencies. By understanding these things about yourself, you can take steps to manage your emotions and make better trading decisions.

The best way to develop self-awareness, on purpose, is via meditation. It takes 10-20 minutes per day. That’s it. Observe your thoughts and your feelings objectively and non-judgementally, and when you notice that you get carried away by thinking, mentally detach yourself from the thinking process and observe it objectively again.

Doing this for 10-20 minutes per day is enough to begin exercising your awareness muscle. This greater level of awareness will positively impact the way you trade, guaranteed.

Related: How Mindfulness Can Help Traders Succeed

5. Confidence

Having confidence in yourself, your abilities and your strategies is crucial to being a successful trader. However, it’s also important to recognize the difference between confidence and overconfidence. The latter could lead to taking unnecessary risks and not managing the risks properly, while the former allows traders to make the right decisions even in adverse situations.

The best way to develop confidence is by practicing it. Be decisive when you trade. Good or bad, when you make a decision, stick with it. And whether the outcome is favorable or unfavorable, keep practicing that decisiveness muscle, and your confidence will grow.

Always remember: Be flexible in what you expect, but be decisive about what you do.

6. Adaptability

One of the biggest obstacles that traders face is fear and greed. Fear can lead to missed opportunities and profits, while greed can cause traders to hold onto losing positions for too long, hoping for a rebound that may never happen.

To combat these emotions, traders must first recognize them and then take steps to manage them by acknowledging the fact of uncertainty. Markets are constantly changing, and what works today may not work tomorrow. Traders must embrace that fact and constantly adopt a mindset that adapts to these changes. This requires flexibility and an open mind, and the willingness to learn and evolve over time.

One technique to embrace uncertainty is to journal about it. Examine the patterns you revert to when something unexpected happens in the market. Do you get emotional and impulsive? Do you worry? Understand what you do and why you do it, and you’ll have an easier time changing those things.

7. Preparation

Preparation is essential for trading success. This includes setting clear trading rules like stop-losses and profit targets, as well as having a plan for how to exit a trade in the case of a black swan event (an adverse event that is completely unexpected). Ideally, this preparation should be done outside of market hours when traders are at their most rational.

Preparation also includes doing certain exercises that promote focus, concentration and equanimity under pressure. Traders can prepare mentally through mindfulness, visualization or another form of mental training.

8. Rest

Finally, it’s important for traders to take time away from the markets to relax and recharge their trading psychology. This can include things like taking occasional breaks from trading and engaging in activities that are unrelated to trading altogether. This can help traders stay focused and refreshed, and it can also serve as a reminder that there’s more to life than the markets. Taking care of physical, emotional and mental well-being will help traders to have a healthier mindset while approaching the markets.

Related: What Kind Of Trader Are You? An Introduction To Trading Behaviors

In conclusion, short-term trading requires not only knowledge of the markets and strategies, but also a deep understanding of one’s own trading psychology. By recognizing and managing emotions, maintaining a positive attitude, staying disciplined and taking time to relax and recharge, traders can improve their performance and achieve greater success in the trading arena.

It’s also important to remember that as traders, you are in it for the long term, and you need to be patient and persistent. Successful trading requires consistent effort and learning over a period of time, and you should be prepared to put in the time, energy and dedication required to build your skills, knowledge and perspective.

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