It is easy to get bogged down by unneeded monthly expense. Sometimes reducing costs takes no more than a little time and investigation. Going leaner can make you feel like you got a raise in an economy where daily living costs are on the rise.
Pay off a Small Debt with your Tax Return
If you have a small debt, say $3,000.00 or less, consider paying it off with the money you receive from your tax return. For example, getting rid of an old student loan, or paying off the balance on one of your credit cards, will eliminate a monthly expense leaving you to feel like your income has increased just that little bit.
Call the Cable Company
Call your cable provider and see if they are running any deals that can lower your monthly rate. Shop around and find lower priced providers and ask your current provider if they would be willing to throw you a deal to stay with them.
Review House and Car Insurance Policies
Check to see what your monthly payments are for your car and home insurance. Shop around for lower providers here as well and use the information you find out to leverage a better deal with your current company. Most companies want to keep longstanding clients. Realize that you can raise or lower your deductibles in your plan to adjust how much or little you pay. Consider playing around with the numbers. Also, some policies offer discounts such as driver discounts to drivers over 40 and discounts if you have both your car and house policy with the same provider. Take advantage of these. Take safe drivers tests to lower your premiums.
Cancel Unwanted Subscriptions
Check your statements and find out if you are signed up for things that you no longer use or things that you didn’t realize you ever got signed up for, like magazine subscriptions or internet site memberships (children’s sites like Club Penguin will continue charging you for memberships long after your children have lost interest). Such expenditures add up over time.
Join a Credit or Debit Card that has Rewards Points
Sign up for a credit card that earns cash back points. Do all your buying on this card, including grocery shopping and larger expenses, and before you know it, you will have a nest egg to cash in on for say, yearly Christmas shopping or the like.
Resolve to Use Coupons, Grocery Store Incentive Plans, and Always Shop the Sales
When you use coupons, it really is amazing how much you can save on groceries. As well, shopping the sales can really lower your bills. With a little bit of research and organization you can lower your weekly food bill with ease. As well, if your grocery store has an incentive program, sign up. Our grocery store gives us points for the dollars we spend and when we hit 250 points, we get either free gas or can cash in on a $50 gift card. Even if the gift card is only to the grocery store, you can still use it to buy a gift card (Am Ex, Visa, Target, Amazon, etc.), which most grocery stores sell. It is a waste to not take advantage of programs like these.
These are just a few of the things you can do to streamline your expenses. It is important to reassess your expenditures every year for places where money may be falling through the proverbial cracks.
**The picture attached was taken by me, to credit, Amie Butchko. Thank you! I couldn’t get the caption to import into the template.