They arrive in your life on time each month and drain your paycheck: bills. Bills are the monthly obligations most of us have for rent, utilities, and other services. For many of us, bills make up a big chunk of our monthly budget, but it doesn’t have to be that way. Here are some ways you can slash your bills and put more of money back where it belongs – your pocket:
1) Cut the bills you don’t need. Do you really need every service and product in your life right now? Do you actually watch enough TV to justify that fancy cable package? Do you really need a home phone and cell phone if you use your cell phone 90% of the time? Get rid of what you don’t need and you’ll save a bundle.
2) Find better rates for the bills you have. Take a close look at your remaining bills. How can you lower them? Call your credit card company and negotiate a better rate, or look at competitor prices to see if you can save money by switching some of your services. Don’t just accept the bills you get – find ways to save money on them.
3) Lower your debts. The payments on your personal loans, credit cards, unsecured loans, payday loans and other debts can contribute quite a bit to your monthly costs. Pay down your debts and you could save quite a bit of money.
4) Don’t forget to check out our guide to lowering your bills.