8 Ways to Save On Your Monthly Bills
We’re always looking for ways to cut down our monthly expenses, especially as the cost of living continues to rise. So we’ve put together eight helpful tips to help your budget and your wallet save on your monthly bills.
1. Get on a Family Phone Plan
If you are one person on a single phone plan, you might want to consider joining a family plan. Whether it’s a group of your friends or people in your family, you could easily save anywhere from $30 to $50 on your monthly phone bill by having more people sign up under one account.
2. Downsize Your Monthly Subscriptions
How many apps have you downloaded to your phone and signed up for a free trial? Now, ask yourself how many of those you remembered to cancel. You might have multiple in-app subscriptions for your mobile device or have a plethora of video streaming services. It might be worth looking at what you currently are signed up for and trimming down some of the excess monthly costs.
3. Invest In Repairs For Long Term Returns
Sometimes more considerable investments for your home can save you money in the long run. For example, home improvements such as replacement siding for your house could end up being the solution as to why your house is no longer insulating itself, causing your heating and electric bills to be higher.
4. Watch Your Water Usage
We often end up using significantly more water than we need to. But there are several things you can do to consolidate how much water you use. For instance, check your toilet for any leaks or to see if it continuously runs. Also, try to remember to turn off the water while shaving or brushing your teeth.
5. Unplug Unused Appliances
Did you know that unplugging your appliances can help save you money on your electric bill? However, leaving unused devices plugged into the socket still draws out a level of electricity when not in use.
It’s also important not to keep certain electronics such as your computer or cell phone plugged in for longer than necessary. This is because it can save the battery life of your devices, saving you money on having to replace your more expensive equipment earlier than is necessary.
6. Make Your Home a Smart House
Simple upgrades on your home can help minimize your monthly expenses. A smart thermostat, for instance, can set timers to change temperatures so you don’t have excess heat running during hours you are at work.
7. Give Yourself a Weekly Allowance
Setting a budget is one of the best ways to help you save on your monthly expenses. It gives you a glimpse into how much you are spending going out to eat, gas, groceries, and any other daily spending. You might be surprised at how much extra you are paying then you might think.
But just because you are trying to cut down on your expenses doesn’t mean you have to stop going out altogether. Once you have set up a budget, calculate a weekly allowance for yourself. This way, you are conscious of how much you are spending and won’t go over your budget at the end of the month.
8. Brew Your Coffee
Since my job is remote, I am a big fan of working at local coffee shops. Unfortunately, that can also add up quickly if you’re spending $4 or $5 on a coffee every day. Instead of letting your coffee expenses add up, you can consistently brew your coffee at home.
If you’re a fan of iced coffee, brew a pot the night before and pour it into a pitcher to place in the fridge. The following day, you’ll have enough coffee to last you all week, saving you tons of money every month.
These eight different ways to save money every month of your recurring bills might not seem like a lot individually, but all together can add up to even more significant savings than you might realize.
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