Ten Tips to Cut Costs on your monthly bills
Whether you are trying to put more money into your savings account or save up for a vacation or home improvements, cutting costs on your monthly bills is a good way to do so. Here are 10 tips to cut your costs.
1. Take your lunch to work
Taking your lunch to work rather than eating out every day can save you a bundle, anywhere from $25 to $50 a week, depending on how much you spend.
2. Brew your own coffee
Another food expense that most people spend way too much on is a coffee or latte. Brew your own at home and you could save a couple of dollars a day.
3. Drop the movie channels
Cable TV is expensive enough without adding the cost of a movie package. Drop the movies and you could save $10, $15 or even more a month.
4. Look at bundling cable services
If you are getting your cable TV, Internet and phone from different companies, you are probably paying too much. Bundling all of these services with one company should save you at least $10 or $20 a month.
5. Bundle your insurance policies
Just as with TV and phone, you can bundle your different insurance policies to get discounts. The most common policies to bundle are home and auto.
6. Refinance debt
Refinancing your mortgage and credit card debt to get lower interest rates can save you a ton of money.
7. Buy items in bulk
Buying grocery and other items in large quantities can save you money. Just be sure it’s not something that will expire before you use it.
8. Improve your home’s energy efficiency
Replacing your traditional light bulbs with compact fluorescent ones can save you on energy costs, as can installing a programmable thermostat.
9. Cancel services you don’t use
If you never go to the gym or never watch your movie-streaming service, cancel them and save the monthly fee you are paying.
10. Cut down on entertainment
Go to free concerts and host parties at home instead of going out for drinks.