- Tasks to complete before you start cutting expenses
- 7 ways to lower your monthly bills
- The bottom line
Tasks to complete before you start cutting expenses
Focus on your personal finance goals
- Getting caught up on your monthly payments and bills
- Build a small emergency fund
- Save for 3 to 6 months of expenses
- Pad your existing savings account
- Pay off credit card debt
- Pay off student loans
- Pay off personal loans or car loans
- Save for a down payment
- Start contributing towards retirement
- Save for your children’s education
Track your current spending habits
7 ways to lower your monthly bills
1. Slash the subscriptions
- Multiple streaming services - $40/month
- Unlimited car wash plan - $35/month
- Nutrition plans I subscribed to and never used - $79/month
- Cloud storage - $10/month
- Unlimited music - $16/month
- Audiobook subscription - $15/month
- Satellite radio - $12/month
- Extra charges on my cell phone plan I didn’t even realize I had - $20
- Plus more!
2. Be honest about your gym membership
3. Stop paying for convenience
4. Start comparison shopping
- Auto insurance: Car insurance premiums are one of the easiest ways to save. Use a service such as Gabi to help you get quotes online. When I performed my quote with Gabi, it showed a way for me to save over $900 a year by switching to a different insurance company. Read Gabi Auto Insurance: My Insurance Quote Experience for my actual experience and review.
- Homeowners or renters insurance: Like auto insurance, you can shop around for homeowners and renters insurance plans. Almost all carriers offer additional discounts if you bundle these policies with car insurance too. Read 8 Ways to Keep Homeowners Insurance Costs Down for more tips.
- Cell phone plans: If you can’t switch services because of a contract, call up your cell phone provider and walk through your bill with them. Get them to help you cut expenses, such as insurance you may not need or lower your charge for usage. Read Ways to Slash Your Cell Phone Bill for more tips.
- Cable bill/television service: With today’s streaming services and a variety of methods for watching shows, gone are the days where you have to watch your favorite shows through cable or satellite. Make them work to earn your business by lowering your rate each month. Read Cutting the Cord: How to Ditch Cable and Stream for Less for more tips.
- Internet providers: If you have a choice, review your internet provider options and start comparing plans. There may be an option to save $10 or $20 per month simply by switching.
5. Reduce your electric bill
6. Refinance your student loans
7. Get out of debt
The bottom line
Reclaim Up to $610/Year in Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But, who has the time to look around for around a new company?
A website called CarInsurance.net makes it super easy to see if you’re getting the lowest price. All you have to do is enter your ZIP code and your age, and it’ll show you your options.
Using CarInsurance.net, people have saved up to $610 a year.
It takes just a few minutes to see how much CarInsurance.net could put back in your pocket. And the best part? Because we’re driving less, some insurers are slashing prices this month.