Whether you need quick ways to cut expenses ahead of the holidays or just want to save
more for retirement (or other financial goals), there are plenty of ways to lower your
monthly bills now.
Some tactics might put a few dollars back in your bank account, while others can save
hundreds each year. Whatever the goal, here are five ways to lower your monthly bills now and save more money:
1. Switch to a better smartphone plan.
Everyone has a smartphone these days, but you can save by finding a plan that gives you
the right amount of minutes and data for less. Figure out how much data you’ve used for
the past several months and then research plans that fit.
Check out TracFone, a pay-as- you go wireless phone service that doesn’t require long-term
contracts, credit checks, deposits, activation fees, or monthly bills. This simple service runs
on the nation’s best 4G LTE networks and with Unlimited Carryover you keep any unused
minutes, text and data.
Even more, you have the power to alter your no-contract plan as
often as your needs change, without penalties. Go to www.tracfone.com to learn more.
2. Shop your auto insurance.
Every driver needs auto insurance, but you may be overpaying if you haven’t shopped and
compared quotes in a while. No two insurers charge the same rate for the same policy
because they evaluate policyholders differently.
For instance, if you’ve received a moving violation, don’t have good credit, or drive a high
number of annual miles, carriers have unique calculations that factor these into your rate.
You may find that your current auto insurance provider is giving you a good deal, but you
won’t know until you shop at least several different companies.
3. Save power at home.
Whether you own or rent your home, there are easy ways to cut your power bills. One
option is to find out if your utility company offers an energy management program, which
reduces power during occasional periods of high demand.
If you’re willing to give them control over certain appliances (such as your water heater,
pool pump or central air conditioner) during limited times, you can receive a nice rebate and lower your monthly bills now. This is a great option if you’re away from home during a large part of the day.
You can also check to see if your thermostat is programmable so you can turn up the heat
or cool air just before you get home, rather than paying for it all day long. If not, you can
purchase a basic programmable thermostat for as little as $15 on Amazon
4. Save gas on the road.
Many gas stations located near highways charge more per gallon than those farther away.
So, choose a less expensive station and pay for gas using a rewards credit card that gives
you cash back or points for every dollar you spend on gas.
Also, keep an eye on your tires because they lose pressure slowly over time. Driving with
under-inflated tires drops your fuel economy. Check your owner’s manual or the sticker in
the driver’s side door to find the proper tire pressure for your vehicle.
5. Cut your grocery bill.
If you’re in the habit of buying loads of prepackaged or frozen foods, it’s time to change
your approach to cooking. Instead, buy whole foods that cost less, are healthier, and will
probably taste much better.
Stick to the perimeters of the supermarket, where you find vegetables, dairy products, and
meats. The middle aisles are stocked with processed foods that can wreck your food budget.
Also, find out where the best farmer’s markets are in your area. Making the trip can be a
fun outing, and the savings and quality are usually worth it. Plan several meals at once so
you shop less frequently, which saves time, hassle, and gas money.