6 Ways to Save on Your Monthly Expenses This Year

Even though spring has already passed and summer is practically here, you can still come up with some cost-cutting measures for 2018. Saving money is a year-round activity, and if you dig deep and are willing to sacrifice a little, there are always savings to be found – sometimes in the unlikeliest of places. One great spot to start is your monthly bills.

1. Eliminate Home Telephone
In most cases, your household can get by with cell phones alone. If you still have a need for a landline, consider a service such as MagicJack — a device that offers landline service via a high-speed internet connection. The device and one year’s service costs about as much as a month of traditional landline service.

2. Dial Back the Thermostat
To help with home energy costs, consider adjusting your thermostat. Doing so by just three degrees can save you as much as 20% on your home energy costs. Consider transitioning slowly by adjusting your home just one degree at a time. If you have ceiling fans, rely on them to circulate more air, and be sure to run them in the proper direction – clockwise in the summer, counterclockwise in winter.

3. Reduce Your TV Package
Take a look at your TV bill: 500 channels? Three paid movie services? Who has time to watch that much TV? You can save upwards of $30 per month by reducing the number of channels you have ñ especially movie channels. A savings of thirty bucks each month equals $360 in annual savings.

4. Bundle Your Services
If you bundle your phone, Internet, and cellular services under the umbrella of one plan at a single company, you can typically qualify for a healthy discount. Always try to avoid signing a contract and remember to ask for other discounts when you make the switch. Bundling your bills also allows you to streamline your monthly bill-paying process ñ one payment is a lot easier than three or four.

5. Cut Back on Your Cell Phone
Although you may like the sound of an “unlimited” plan, you could be paying for a lot of minutes, data, and text messages that you just don’t use. Take a look at your monthly usage and see if you can get by with a cheaper plan ñ unlimited plans are always the most expensive. If you’re paying for cell phone insurance, consider dropping it. Depending on the type of phone you have, it may be cheaper just to buy a new phone should something happen to yours.

6. Save on Water
Water usage may not even be something you think about, but if you can cut your bill by even $10 a month, that’s $120 a year in savings. Consider shorter showers, water your lawn early in the morning or late at night, and commit to only running full loads of dishes and laundry.

Final Thoughts
If you put all these ideas into use, you can easily save $150 per month or more. Think about any cost-saving change as an alteration in a habit, not a sacrifice. Once you get over the initial adjustment, it won’t seem like a sacrifice, just a new – and cheaper – way of living your life.

What other ways can you think of to save money on monthly bills?

Guest Post: Andrew Schrage is the Editor-in-Chief at MoneyCrashers.com, a leading personal finance, business, and lifestyle site dedicated to providing essential and practical education, tips, and strategies that people can implement in their own daily lives as a way to drastically improve their lifestyles and decrease their stress https://www.moneycrashers.com/ 

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