You may be surprised to hear that even if you cut every impulse-buy and non-necessity out of your budget, you still could be spending more than is necessary each month! More likely than not, you’re currently overpaying for your household bills.
Here are four ways to save yourself tens to hundreds of dollars each month:
- Renegotiate: Don’t be afraid to pick up the phone and call your service provider. In many cases, you can simply say you’re a loyal customer of many years and are trying to save money and would like a lower interest rate on your credit card. If you call your cable or satellite provider (companies notorious for raising user’s rates with time) and explain you’re going to switch to a cheaper competitor, they could be willing to decrease your payments to promotional levels. If they aren’t willing, make good on your promise and switch to a more affordable provider.
- Assess What You Need: Use a data-tracking app on your smartphone. Do you use all of the data you pay for? Chances are you don’t and could downgrade to a cheaper plan. Next, assess your cable TV package. Do you watch all those premium channels? Keep in mind, you can also be penalized for going over your plan.
- Reduce Use: Get pro-active with your energy bill; swap out your incandescent bulbs for longer-lasting, more energy-efficient options, install a programmable thermostat, and have your home checked for thermal leaks to reduce heating and cooling costs. Check annually for water leaks, which are a big drain on your bill.
- Cut the Service: If you notice you’re watching TV predominately on streaming services, for example, you don’t need to be paying for cable. And the same thing goes for the magazine subscriptions you don’t read.
The more you cut out of your bills, the more room you’ll have to save. To learn more about how to improve your financial life, visit Syncis at http://www.syncis.com/blog/