If you are living paycheck to paycheck you should read this article. Even though a number of our bills might tend little and insignificant on their own, their added up impact can be large and become a huge drain on our resources. Here are some simple ways to save money on your monthly bills.
Know When You're Bill Are Do
I can't advise you the multiple $5+ charges I've accumulated over the years due to the fact I've compensated an invoice some days later. Be conscious of when your bills are due. Those delayed charges rapidly add up. If your invoice falls before your check, call the business and ask that they modify the due date.
Refinance Your Home Or Automobile
If you guess you might qualify to refinance your mortgage at a reduced rate, contact some lending institutions. Locking within a reduced interest rate cannot solely save you cash over the life of the loan, but can as well reduced your every month transactions and extend your monthly cash flow. If your credit has improved since you 1st purchased your car, you may qualify for a far better interest rate, so it could be worth refinancing your automobile loan as well.
Use Netflix Or Fire Stick Instead Of Cable
If you're really trying to save money, cable is the 1st thing that must go. Streaming services are cheaper than cable. Try Netflix, Hulu, Amazon Fire Stick and many more are online.
Carpool To Work
If you are able to share a ride to and from work with someone else, you can significantly minimize wear and tear on your car, and save money on gas. Carpooling makes it simple to get to work, without paying a lot of money.
Consolidate Student Loans
If your student loans have high interest rates, check whether it makes sense to consolidate all or a number of them. While this isn't the silver bullet, it's practiced since most federal loans have constant rates, if you discover a good loan consolidation option, it could save you money every month.
Sell Unused Items
Search your closets or crawlspace and look for items you no longer use that have value, and then auction them on eBay or sale on Craigslist. You can then use the cash to pay off debt and get back on the right track. I tried this myself with a variety of items, involving my comic book collection, when my debt was virtually unmanageable.
Use Power Strips
Using timers and energy saving power strips to turn electrical devices on and off. A power strip with an on and off switch can prevent the phantom charge on your devices; a timer can spontaneously turn off the charge going to a power strip at a specific time each night.
"Smart" power strips can even manage electricity flow based on a master device - for example, your CD player will only receive power if your TV is turned on. These smart power strips can also eliminate phantom charges at home when they're not in use.
Lower Hot Water Heater Temperature
Hot water heaters are a major power drain in most homes, accounts for approximately 13% of power costs. Often, the water is kept warmer than most individuals ever need. By lowering the temperature down to 125-130 degrees Fahrenheit and installing a water heater blanket to keep heat in, you'll be saving cash monthly.
Cancel Unused Club Memberships.
Check expenses such gym membership, or membership with your local country club, and so on. How often do you really use these memberships? If you're using these memberships less than once a week or once a month, you're likely throwing away money. Canceling any memberships you're not using and see if you really miss them.
Request A Lower Credit Card Rate
If you've got a quite sizable balance on your credit card, call your credit card company and ask for a rate reduction. If you pay your invoice on time every month and have good credit, they may be willing to negotiate. If they decline, then get a 0% balance move onto another card. However they key is to limit your purchases until you're financial stable.
If you know of more methods to save cash on your bills every month, publish it under in the comments section!