Squeeze Some Extra Money from Your Monthly Bills

Budget Boosters

Yes, you can budget your money to make ends meet at home. These budget boosters can each add extra dollars to the monthly allotment for paying more bills or some fun extras.

Check and double-check each monthly bill when it comes in. Look it over first to see if the charges are accurate. Then, see where some of "the fat" can be trimmed. Often we pay for things or services we never use or realize we have.

Source

Check and re-check those bills

1 ~ Do you still have a home phone (land line)? They are going the way of the dodo bird. Unless you have dial-up internet service (horrors), there is no need for a land line telephone. Ditch it. Use a cell phone with pre-paid minutes or sign up for an inexpensive plan that includes long distance.

2 ~ Really look over the cell phone bill. Are there services or minutes you do not use? I called our cell provider recently and reduced the number of monthly minutes (that we did not use) on our plan for a savings of $20.00 per month. Yippee!

3 ~ The electricity and/or gas bill is always a source of contention. There are several ways to help in this area. If your provider gives the option for budget or levelized billing, do it. This way a definite amount can be set aside each month and you know exactly what it will be.

4 ~ Many people have reported savings after purchasing a programmable thermostat. Closing off rooms that are unused (and closing the vents) keeps unwanted cold or warm air from traveling there. Adjust the regular thermostat (if you don't have a programmable one) when no one is home. Unplug appliances like lamps or computers that are not being used.

5 ~ Sometimes people don't think they can save on the mortgage payment. However, if you have a higher interest rate, refinancing for a lower one could save a bundle each month. Consult your lender about a PMI (private mortgage insurance) charge each month (if you have that) and if there are options there for deleting it.

6 ~ These days, virtually everyone has the internet at home. We reduced our monthly payment by about $20.00 when we opted for the standard service instead of a fancy package we didn't need.

7~ Cable TV packages can be a big mystery. Look at the channels you use all the time. Compare that with the ones you pay for and hardly ever use. Is there a package for fewer channels that would work for you? Using RedBox or Netflix is much cheaper than paying for premium movie channels.

8 ~ Call the big bad credit card company(ies) and ask for a lower interest rate. The worst they could say is "no." We did this and reduced our monthly interest rate by 3%.

9 ~ Do you have a retirement plan? Consider reducing the monthly percentage you contribute (at least for a little while) but be sure to put in enough to meet an employer's match (if applicable). This can always be changed later.

10 ~ Consider raising the deductible on your home, vehicle or health insurance. This would reduce your monthly payment. Note that if you do have a claim, however, your out-of-pocket expenses would be more if you choose this option.

11 ~ Groceries - Ok, this is usually a weekly thing (at least for me). Plan a sketchy menu for the week and make a weekly grocery list based on that. This way you know what you have and what you need and you don't make unnecessary purchases or have to stop in the middle of the week. Specific tips for grocery shopping can be found at http://esmeowl12.hubpages.com/hub/My-Top-Tips-for-Saving-Money-on-Groceries

Do you have other tips for saving money each month? Please share.

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Comments 16 comments

Esmeowl12 profile image

Esmeowl12 3 years ago from Sevierville, TN Author

My big problem is the phone bill. That's the one I keep chipping on. Thanks for stopping by!


AudreyHowitt profile image

AudreyHowitt 3 years ago from California

Very practical tips! I hate the cable bill and am always looking to reduce that bill--


Esmeowl12 profile image

Esmeowl12 4 years ago from Sevierville, TN Author

Thanks, belleboy. I have a really hard time with titles so it's nice when one works!


belleboy profile image

belleboy 4 years ago

Great hub Esmeowl12. These are excellent tips for saving money on various items. I also like your hub title-"Budget Boosters". It's clever and creative.


Esmeowl12 profile image

Esmeowl12 4 years ago from Sevierville, TN Author

Thanks, KrystalD!


KrystalD profile image

KrystalD 4 years ago from Los Angeles

This are great ideas and trust me, I have learned to cut corners. Recently I moved across the street from my job to an affordable apartment. This cut down on my rent and transportation cost. I do not drive since I can walk to almost everything I need or take public transportaion for further journies. I am loving this way of life and it means I can pay my student loans off sooner. Yeah! Thanks for the article Es. Your a woman after my own heart!


Esmeowl12 profile image

Esmeowl12 4 years ago from Sevierville, TN Author

Thanks, Gypsy, Donna and Contentsunlimited. Any way we can save money is a good thing!


Gypsy Rose Lee profile image

Gypsy Rose Lee 4 years ago from Riga, Latvia

Good informative article. We could use you here in Latvia to inform people on how to save money. Here everything is so new to everyone that they overextend themselves on everything from credit to cable. The worst thing is that the utility companies here keep finding ways to cheat the people out of more money by adding some sort of taxes etc. on anything they can. Don't know how things will look once the dust settles.


DonnaCosmato profile image

DonnaCosmato 4 years ago from USA

Excellent tips, we ditched the land line and took an online service plus our cell phones. The only downside is when the Internet is down, so is the house phone but since we have the mobiles for back up, it's not a deal breaker. The thing I liked best about this hub is these are easy to implement tips that don't require too much effort or paperwork. Good job...voted up and useful.


Esmeowl12 profile image

Esmeowl12 4 years ago from Sevierville, TN Author

Thanks, thougtforce. Good luck!


thougtforce profile image

thougtforce 4 years ago from Sweden

You have many good tips here. I still have a home phone but I have thought about getting rid of it for some time now. Thanks for the tips and a great hub, voted up

Tina


Esmeowl12 profile image

Esmeowl12 4 years ago from Sevierville, TN Author

Thanks so much for your comments, Momstalk, Hyphen, Angela and Nicregi. To me, there's no point in paying for what you don't need or use!


nicregi profile image

nicregi 4 years ago from Malaysia

Hi there! Thanks for sharing. For me, I always compare to have the best deals. I tell that to everyone and at times, it could take up some of our time but it certainly is worth your time and effort.

Just my 2 cents and keep it up!


angela p profile image

angela p 4 years ago from Richmond, Virginia

thanks so much for these ideas. I have thinking about getting rid of our home phone for awhile and your hub has made me put it on my list of things to do next week. Great ideas and very useful.


Hyphenbird profile image

Hyphenbird 4 years ago from America-Broken But Still Beautiful

You have some great advice here. We all can cut back in some areas. Thanks, Hyphen.


Momstalk profile image

Momstalk 4 years ago from Rock springs Wy

Good ideas. We do the leveling for both our gas and electric. It's a major saver especially in the winter time. Also Netflix ROCKS! Good hub.

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