I was going to start writing a Financial Preparedness series in a few months, but I had to go ahead and share my newest experience with you!
With the rising cost of EVERYTHING, I am trying to find ways to save money and spend less! We will get into all of those details later...
But here's just one tip:About once a year, I look at all of the bills we have, such as cable or satellite tv, phone bills, car insurance, home owner's insurance, electric bill, water bill, and even the mortgage payment. Then I call the companies and see what I can do to lower my bill. The last time I called the satellite tv company, I saved $20 a month on my bill and kept the same programming schedule I already had. They said I qualified for a special promotion they were running. I did the same with my phone company, and they said they had new packaging of my features, and it saved me $15 a month. We usually run our air conditioner pretty cold in the summer (I am hot natured and like it freezing, but the kids wrap up in blankets like Eskimos), and this summer we turned the air up just 3 degrees, and it saved us $75-$100 a month. That's a lot of money when you add it all up!! Just on those 3 bills alone, that's a savings of $1620 a year!
My Biggest SavingsI was checking out the cost of our car insurance and home owner's insurance and I noticed it had gone up quite a bit over the last 4 years (I have also added 3 teenage drivers!) I called my insurance guy and asked him if he could find cheaper rates for us somewhere. Two days later he called me and said he found a better company for us, and that I needed to come in and sign papers. When I got there today, he showed me that we were going to be saving $2026 a year on our policies! And that's with the exact same policy coverage and with a reputable company! I was so excited that I almost wanted to hug his neck! (In the South, you can do that!) But I restrained myself and just sat there civilized and signed the paperwork. SCORE!!!!! That's another $168.83 a month! Cha-ching!
It's Worth a TrySo, you might just want to give it a try! Make some phone calls and see if you can save money on your bills. You might want to consider having less channels on your satellite tv, or making a sack lunch a few days a week instead of getting fast food, or just being more conscientious about turning off lights when you leave a room. Or change nothing like I did, and just make some phone calls! Just think what you could do with the extra money. Did you know that paying $200 extra a month on your mortgage payment can take YEARS off your loan?
It's the little things that can make a difference!
What have you done to save money or cut your bills?