5 ways to Save money at home with your bills

by Adam on October 25, 2017

You may find that after paying your cable bills, cell phone bills, utilities and car insurance, your budget reduces significantly.

Spending and saving moneyThis may be because things get expensive with time and you may feel that you cannot do anything about it. However, this should not be the case if you follow a simple guide to lower your monthly expenses and help find the cheap deals out there. Saving money is actually easier when you may think when you take time off to do research on some of the areas that eat heavily on your budget. Finding ways to start saving on some of your biggest expenses such as insurance, television, utilities and cell phones can go a long way in ensuring you save from hundreds and maybe even thousands a year. These simple tips will assist you in saving money by budgeting better, without necessary sacrificing on your lifestyle.

  1. Television expenses

Television has become a major pastime for most people. However, while everybody loves watching their television, satellite and cable TV accumulate a lot of expenses. This is why it is important to think about how use your TV. This will allow you to trim on expenses. A good way is to look for TV deals that cut on costs by comparing on sites like Broadband Choices. If it is possible, you should shop around for cheaper deals and negotiate when you can. Optionally, you can opt for antenna TV and combine them with movie rentals or online streaming services to satisfy your entertainment needs, you can sometimes get these joined with your broadband also.


  1. Mobile Phone spendingTelephone bills

Data and texting plans may take up most of the budget allocations, and if you can find better plans, then you will trim down on your expenses heavily. It is important to closely estimate on how you use your phone and data to ensure the plan you choose closely reflects on your usage. This will reduce the likelihood of paying for plans that you do not use. Furthermore, you may also opt to change your phone and data usage habits if you find your phone bills eating too much into your budget. You can also download apps that track down on your usage habits to help you scale back on your usage. It is highly recommended to pay close attention to the plan you subscribe to, and ensure you are only subscribing to what you need.

  1. Rent

Since shelter is one of the basic needs, it will probably take up the largest portion of your budgetary allocation. While there is not much you can do about rent rates, you can always negotiate with your landlord for better deals. It is also important to consider similar apartments in your area to see if you can get a good deal. In addition, you should consider the utility expenses you incur such as water and electricity. These have the potential of skyrocketing your budget allocation. You may also find it necessary to invest in a programmable thermostat. This device has the advantage of adjusting temperature automatically, which is a great way to reduce on your energy consumption.

  1. Insurance costs

This is another area where you can also reduce your expenses significantly by investing in a smart plan. One way to make substantial savings is by bundling your homeowner and auto insurance with a single carrier. You may also find that making upgrades to your home such as installing a security system will reduce your insurance costs significantly in the long run. Furthermore, you may also find it necessary to look for other insurance plans and compare to see if they are a better option from what you already have.

  1. Using credit cardsCredit cards

Credit cards do not appreciate in value, and while it may seem difficult to save on balances, there are some ways you can cut on your interest rates. While applying for credit cards, you will need to find one that charges lower interest rates. You may also want to consider credit cards that give rewards. Some credit cards will come with hidden costs. Thus, it is highly advisable to contact your provider and ask to know if there are any costs you may not know about. Furthermore, you can always talk to your provider and seek for advice on how you can make savings when using your credit card.

 

Check out more smart spending articles here on Magical Penny

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