While you can’t control prices, you can save on recurring expenses by making smart choices, such as:

• Refinancing your mortgage to secure a lower rate or consolidating other higher-interest debts, if appropriate
• Downsizing to a smaller home or unit
• Comparing, negotiating, and bundling services like insurance, internet, and phone, while also checking for discounts
• Saving on energy bills by switching to LED bulbs, using a programmable or smart thermostat, using a smart power strip, which turns off unused devices, and scheduling an energy audit
• Reviewing vehicle costs and considering taking public transit or rideshares
• Making grocery lists, price matching, using coupons, buying generic, and joining grocery loyalty programs
• Cancelling unused subscriptions or considering cheaper plans
• Replacing cable TV with streaming options
• Comparing quotes and negotiating for home repairs or renovations
• Shopping for clothes and household items at thrift shops

Small changes add up, so it’s worth your time to review your spending yearly, or whenever your financial circumstances change.