Not having enough money to pay all your bills can make life really difficult. Fortunately, there are some effective ways to easily lower your bills. Finding ways to cut back on your spending can enable you to put more into the bank each pay period. Having financial security also allows you to live life the way you want to. Life is more fun when you aren’t stressing about money.
Lower Your Interest Rates
One easy trick to saving money is to lower your interest rate. Also, you might look into paying off credit balances in full to avoid paying interest. Refinancing your loans may be possible even if you have a lower than average credit score. Getting your loan refinanced with a lower credit score just takes a little more creativity.
Try to get a better rate by offering collateral to secure the loan. Your lender is more likely to be receptive to your inquiry if the risk of not getting paid is lower. Converting an unsecured debt consolidation loan into a secured consolidation loan can get you a rate of around 4 or 5 percent. Unsecured loans may have interest rates of 8-9 percent for those with amazing credit.
Consider locking in a fixed rate on your home loan as opposed to the variable loan you have now. Interest rates are so low that even those with less than stellar credit can get a good rate. Locking in now allows you to make the same monthly payment no matter what the market looks like. Fixed interest rates allow you to save money now while not paying more when interest rates jump later.
Look For Deals Wherever You Can Find Them
Pooling resources with other people can save everyone time and money. Carpooling means no one has to fill up their car more than once a week. Having a big family dinner allows everyone to enjoy a nice meal without spending a lot of money. It also has the potential for leftovers as well. Saving money on food can really help your budget.
Always bring coupons when you are shopping. 20 percent off your grocery bill can save you a decent amount of money. Saving money on school clothes for the kids is always a good thing. There is nothing wrong with being frugal – companies like Groupon and LivingSocial have made couponing more acceptable.
Shop for used goods instead of new ones. Used cars cost significantly less than new ones. Thrift stores offer great deals on everything from clothes to small pieces of furniture. Internet auction sites offer quality used goods at cheap prices. It is worth checking them out to save money on everyday expenses.
Cut Out Features You Don’t Use To Lower Your Bills
Thumb through your billing statements to see the itemized list of what you are being charged for. You will probably find many things you didn’t even know you were paying for. Unlimited data on your phone can cost up to $40 a month. Try going with a 200 megabyte plan instead that will cost you only $15 a month.
Do you really watch all 1,469 channels on your cable TV package? Move down a tier on your cable package. Another option is consider bundling your TV and Internet. Your phone can be attached to this as well if you still prefer to have a landline at home. TV and Internet may cost as much as $150 dollars when purchased separately. Bundling them will save you around $50 a month.
Those two painless adjustments to your phone, TV and Internet services saved you $75 a month alone. Other easy ways to cut costs are to shop for cheaper insurance quotes. Bundling your insurance policies saves money as well.
Many options exist when it comes to lowering your bills. Looking for deals on clothes, carpooling and trimming out unnecessary features on your phone can save lots of money each month. Refinancing your loans can also save money due to a lower interest rate. Are you still looking for more information about ways to lower your bills? Fill out our short and easy form today to get connected to qualified debt relief professionals. Or you can also call us toll free for more information.