It’s astounding how small bills can add up and sap your monthly funds. From utilities to phone bills and everything in between, you can be left with almost no money at the end of the month. It can often be a cycle as you becomes accustom to having particular service. In most cases, you don’t have to give up the things you need or enjoy, just replace them with less costly ones.
All work and no play can make anybody bogged down and unhappy. Instead of going out the movies every weekend, take in a movie at home. There are movie-dispensing machines where you can rent a movie for a dollar. Netflix and other online providers also allow you to watch many movies for a much lower price than the $8+ it takes to see a movie in theaters. There are thousands of movie masterpieces you have not seen, and they can all be viewed on the cheap. Instead of spending money on music consistently, you can use sites like Youtube or Vimeo where other users usually load up music. Sites like Pandora are also a great alternative to spending big bucks on downloaded or otherwise purchased music.
Go around your house and try unplugging items that are not currently in use. Turn off electric strips before you leave the house to run errands. Attempt to conserve energy by not running laundry or dishes during peak hours. Use a clothes line instead of a dryer altogether. Take a shower just before bed instead of twice/three times a day. You will save fistfuls of money each month, if done properly.
Many times per month, you are likely taking your car to run errands that you could be walking to. Furthermore, you may be running one or two errands at a time, and then returning home just to run more errands the next day. Attempt to schedule your errands so you can cover them all in one day. Whether you choose the walking or simply schedule better, cutting down on gas can save close to a hundred dollars a month without too much effort.
With internet, TV, and entertainment becoming so prominent, there is much less need for television in general. Most people do not watch 90% of what is provided on television. And in general, the lack of on-demand entertainment for most cable/satellite packages makes it not worth the payment. You can save quite a bundle by removing the cable bundle.
Cell Phone Bills
Smart-phones have become all the rage; however, cutting back on the plan you have can save you a large chunk of money per month. While some people are stuck in contracts, those who have contracts ending can opt for smaller plans. Do you really need to have all the data and smart-phone plans? The answer is usually no, because you could live without it. Plans can be as low as $20 per month, saving you nearly $40 every 30 days.
For all intents and purposes, you do not need a landline phone any longer. Between a cell phone and a computer service (Skype), you already have your phone needs covered. So, remove that bill altogether and enjoy the savings.
Credit Card Interest
Paying the minimums on your credit card bill is actually costing you money. That is because when you are paying the minimum, you are actually spending money on the interest rather than eating away at the loan. So overall, you are actually chipping away less at the actual debt. On the other hand, if you pay higher amounts per month, you will complete your loan earlier and save money overall. Simply put, spending a little more now saves you more in the end.
Find a bank that offers free checking and does not having hidden fees at all. Many banks charge fees for “convenience” as well as ATM fees, account fees, and so forth. If you do your due diligence, you can open accounts at new banks that offer no hidden fees or lower rates. The fees are ridiculous, in general, and can cost you your hard-earned money. By taking the time to shop around, you will be able to save much needed cash.
I’m Jesslyn and I write at Hack My Modern Lifestyle, where I give my best shortcuts to a productive and fulfilling life. If you like this article, you might enjoy reader favorites like Top 21 Quotes to Live By. Get our RSS feed directly and follow us on Facebook.