Who doesn't want to save money these days? You may be one of the many people looking for ways on how to slash your monthly bills. There are several tips that you could find on how to do this such as cooking your own lunch, going for supermarket brands and shopping on thrift stores. However, there may be other areas that you're missing out that could help you lower your monthly expenses and here are some of them.
You might be an organized person and you feel that you have everything under control. However, busy days and hectic schedules may come and it could be difficult to keep up with everything including paying all your bills on time. If you miss your payment, this could mean paying for late fees and if it keeps on happening, this could accumulate in the long run and it would be huge money loss. There are apps and other options that you can use to make automated payments. Doing so would avoid late payments and you don't have to worry or even do something about your bill payments, which also saves time and effort.
Your needs may change over time so it's recommended that you review your broadband plan to ensure that your plan suits your needs. For instance, Bigpipe has different naked broadband plans that offer various features at varying prices. You may have started on their more expensive plans that offer faster connection, but realized that you're good with their entry-level broadband plan. The plan has lower rate, which means a decrease on your monthly bill. Furthermore, they may also have new offers that would meet your needs and budget.
This is also true when it comes to your phone plan. Analyze your phone usage and go over with your plan. There might be better plans available that would meet your requirements and give you lower rate. If you do not use your phone that much, most providers have pay as you go plans that let you add credits to your number whenever you want. This means that you could add credits when you wish to use it and not worry about monthly bills anymore.
Have your HVAC system checked to make sure that it's functioning properly. Proper maintenance is needed for maximum performance, which could save you money in the long run. Invest on a thermostat if you don't have one yet. This would keep the temperature on the set level and turn off the heater/air conditioner once it's reached, which saves energy, thus lowering your electric bill. If purchasing new appliances, go for those that are energy efficient. They were designed to use lesser energy than their old counterparts. Again, this would help lower your electric bill not just for one month, but for the years to come as well.
If you're alone in your apartment, another option to lower your monthly expenses is to share it with someone. This is true, especially if it's spacious and it's comfortable for more than one person. You may need to sacrifice some of your privacy, but if you're after saving cash, then this would be a huge help as you'll have someone to share not just the apartment rental, but other house expenses too.
Credit cards are helpful in times of emergency, but they can also be tempting and if you don't have self-control, you might end up spending more than you really need. To avoid this from happening, write down the things that you need to purchase and bring enough cash for that. This would force you to stick to your budget and not overspend because you're bringing credit card.
Try these things and you'll surely find your expenses start to go down these coming months.
1. Automate Your Payments
You might be an organized person and you feel that you have everything under control. However, busy days and hectic schedules may come and it could be difficult to keep up with everything including paying all your bills on time. If you miss your payment, this could mean paying for late fees and if it keeps on happening, this could accumulate in the long run and it would be huge money loss. There are apps and other options that you can use to make automated payments. Doing so would avoid late payments and you don't have to worry or even do something about your bill payments, which also saves time and effort.
2. Get the Right Broadband or Phone Plan
Your needs may change over time so it's recommended that you review your broadband plan to ensure that your plan suits your needs. For instance, Bigpipe has different naked broadband plans that offer various features at varying prices. You may have started on their more expensive plans that offer faster connection, but realized that you're good with their entry-level broadband plan. The plan has lower rate, which means a decrease on your monthly bill. Furthermore, they may also have new offers that would meet your needs and budget.
This is also true when it comes to your phone plan. Analyze your phone usage and go over with your plan. There might be better plans available that would meet your requirements and give you lower rate. If you do not use your phone that much, most providers have pay as you go plans that let you add credits to your number whenever you want. This means that you could add credits when you wish to use it and not worry about monthly bills anymore.
3. Invest to Save Energy
Have your HVAC system checked to make sure that it's functioning properly. Proper maintenance is needed for maximum performance, which could save you money in the long run. Invest on a thermostat if you don't have one yet. This would keep the temperature on the set level and turn off the heater/air conditioner once it's reached, which saves energy, thus lowering your electric bill. If purchasing new appliances, go for those that are energy efficient. They were designed to use lesser energy than their old counterparts. Again, this would help lower your electric bill not just for one month, but for the years to come as well.
4. Share Your Apartment
If you're alone in your apartment, another option to lower your monthly expenses is to share it with someone. This is true, especially if it's spacious and it's comfortable for more than one person. You may need to sacrifice some of your privacy, but if you're after saving cash, then this would be a huge help as you'll have someone to share not just the apartment rental, but other house expenses too.
5. Use Cash When Shopping
Credit cards are helpful in times of emergency, but they can also be tempting and if you don't have self-control, you might end up spending more than you really need. To avoid this from happening, write down the things that you need to purchase and bring enough cash for that. This would force you to stick to your budget and not overspend because you're bringing credit card.
Try these things and you'll surely find your expenses start to go down these coming months.
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