There are more sensible other than putting all bills in a paper bag, shaking the bag, and the creditor you draw gets paid next.
This method sounds all too familiar. You may feel that trying to figure out ways to spend less money every month is a huge challenge but, it may be easier then you think.
There are very few families that can claim no debt, except expected bills such as, but not limited to bills like car payments, mortgage or rent payments, utilities, insurances, and more. Read the following suggestions to and put money back into your pocket.
1. Is a Move Necessary to Cut Your Expenses?
Maybe you embrace living in a higher cost of living state or city but soon find that the cost of living is over what you can afford. You are not the only one who finds they are living beyond their means. If you recognize this fact you are ahead of the game.
Cities such as New York City, Atlanta, Philadelphia, and more may cost you more then you can afford. If you cherish your state of residency but cannot afford where you live look into counties, suburbs, or rural areas just outside your current city.
This residential move is well-worth the consideration. You nor your family may not be happy at first but it is easy to readjust to your new city and easier to readjust to having more money at the end of the month.
2. Is Owning a Car a Necessity or a Status Symbol for You?
is usually born out of necessity. Owning a car can cost several hundred dollars a year, not including your car payment. Did you decide to buy an expensive and luxurious car because you causing your monthly payment more then you can afford?
Cut out this expense and trade that luxury car in for a more cost-effective model, lowering your monthly payment dramatically. Cut your expenses even more by relying on public transportation.
This move eliminates car payment, insurance payment, gas, maintenance upkeep, and unexpected and expensive repair bills. Yes, public transportation is still going to cost you. However, public transportation does not equate to owning a car with all its expenses.
3. Upsidedown Mortgages
Are you paying on an ? Are you eligible for a refinance of your home to help bring your interest rate and monthly payment down?
There is a charge for refinancing your home, but there are no fees or charges when you ask your lender to refinance your mortgage. Lenders are obligated to refinance your mortgage when you request.
This can dramatically reduce your monthly payment and interest. While checking review your homeowner’s insurance. Cut this cost by requesting a higher deductible on parts of your homeowner’s insurance.
4. Reconsider Your Heating and Cooling Options
Turn down the thermostat in the winter to cut and dress a bit warmer. Turn up the thermostat in the summer or never use your air conditioning unit unless necessary.
Speak with your utility company about the best payment options for you such as a budget plan year-round. Change out your lightbulbs to CFL or LED light bulbs. Some utility companies will do a no-fee assessment of your home to see where you can save on heating and cooling costs.
Some even supply you free CFL or LED light bulbs. Install a programmable thermostat. Unplug all plugs when not in use. You pay for electricity just because plugs are in the outlets even though you may not be using the device. Cut electrical charges by using timers and power strips.
5. This Does Not Mean You Must Take Polar Dips in the Winter
Dial down your water heater or change to an on-demand water heater. Your shower/bath water may not make you look like a lobster, but you will still have sufficiently warm water to bathe.
6. Never Allow Creditors to Manage Your Checking Account
Never sign up for . Sometimes creditors send money withdrawals from your checking and savings account at the most inopportune times before your deposit hits your account or your employer sends your wages to your account. This creates expensive overdraft fees by your lender and other charges by your creditors.
7. Ask Your Cable Company for a Promotional
At least every year ask your if they have any promotions you could sign up for and consider their value. If another company is lower, change cable companies. Consider eliminating this bill and use a Roku or Sling TV.
8. Not Your Sort of Club?
Clubs are expensive for example, wine clubs, sock a month club, magazine clubs, newspapers, shaving clubs, gym memberships and many more are expensive and quickly add up to expenses you could probably do without when you are trying to cut costs. Forego any clubs for the time being and better forever.
9. Eat at Home and Attend Freebies
Eat better-balanced meals at home and then for fun and entertainment check out your city’s entertainment venue such as the public library, free lectures, music festivals, children and adult art fairs, park walks, trails, bicycle trips, and more.
10. Consolidate High-Interest Credit Cards and Accounts
Obtain a personal loan and all of your charge cards and private store charge accounts. Pay off all accounts with your new personal loan.
Put all of your charge cards on ice in the freezer, and pay one low monthly low-interest payment instead of twenty accounts.
Start Lowering Your Monthly Bills Today!
There are many different and exciting ways to live while saving a tremendous amount of money.
Are you wasting a tremendous amount of your money by giving it freely to creditors every month?
Your creditors certainly are not going to complain because you chose to line their pockets with your hard-earned money.
There are over forty different suggestions on how to monthly, putting these dollars in your rainy-day fund or your pocketbook.
The ten suggestions are just a drop in the bucket, showing you how easy it is to save money every month. Start with just one or two ways and discover what a difference just two cost-cutting ideas can make every month.