• How to Save Money on Monthly Expenses

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    1.      Verify You’ve Signed up for the Right Plan

    The wrong cell phone plan can eat up a lot of your income. So you want to be sure you are signed up for the right plan. Contact your carrier and check to see how many minutes you are actually using versus what you are paying for. Although unlimited calling plans are popular and becoming less expensive, you still may be paying for more than you use.

    Also, be sure to check your data plan. You can contact your carrier or check your data via your Data Manager utility on your phone. If you’re using closer to 3GB but paying for 10GB, you need to scale back. Those dollars really add up. Connect to the Wi-Fi in your home if you have it and only use your data in emergencies while you are out.

    2.      Program Your Thermostat

    Programmable thermostats can save you hundreds a year, so it’s worth purchasing one if you don’t have one installed already. According to EnergySavers.gov, you can save up to 15% each year on your bill if you turn it down 15 degrees for at least eight hours a day. You can easily do this with a programmable thermostat while you are away from home at work.

    3.      Take Advantage of Lower Interest Rates

    Credit card bills and loans are possibly a major chunk of your monthly expenses. So when you get credit card offers in the mail – don’t ignore them. Check them out to see if they offer you a no interest to low interest for balance transfers. Be sure to contact all your current lenders with lower interest rates to see if you can increase your credit line and transfer over other higher interest rate balances.

    4.      Stream Television Shows and Movies

    Finally, slash your cable bill in half or altogether. There are plenty of ways you can watch your favorite programs and movies at a discount. Just pay for your internet service, and you can stream your favorite television shows and movies from service providers such as Netflix, Blockbuster, Hulu, and Amazon Instant Video.

    Implement the above four strategies today and save hundreds this year alone. You can also find more money saving tips here.  Keep in mind when looking at your monthly expenses ask yourself if you really need that service or can it be cut to save money.

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