The reality for most people who are looking to get ahead financially there are two main options. One is to work harder usually by taking an extra job. The other way is to cut expenses. While a second job is an option for some people who have the time or energy , for many others cutting bills down might make more sense. Since the biggest expenses for most is their monthly bills it makes sense to look for ways to cut those costs. If you are looking for ways to save money on your bills the following things can be done.
1. To save on your electric bill you can use compact flourescent light bulbs. They give off as much light as regular bulbs but use much less electricity. Making sure all appliances and lights are turned off when you aren’t using them also makes a big difference. Other things that can be done include hanging clothes instead of using a dryer and turning your thermostat to 75 degrees or more when using air conditioning. Also keep your shades and curtains shut during summer to cool your house.
2. If you want to cut your water bill I recommend first checking for leaky pipes or faucets that drip and fix them. Next put in low flow toilets if you don’t already have them. Taking showers instead of baths will also help save water. Finally I recommend watering your lawn as little as possible and doing it after dusk.
3. For saving on heating first of all check if your home is well insulated. If not I recommend doing so. I also recommend opening curtains during the winter on sunny days. All the sunshine pouring into your home will save a lot in heating expenses. Also caulking around windows and in cracks in walls will make a significant dent in your heating bills.
4. To save a lot of money on your long distance phone bills to use email instead. Also if you do a lot of text messaging email is a much cheaper alternative.
5. For food I recommend buying in bulk when possible. Also use coupons. Buying generic rather than name brand food items will also yield substantial savings. To cut down on your food expenditures you can also eat out less and cook instead.
6. Credit card bills can be cut by using 0% balance transfer cards to save on interest. Also cash rebate credit cards can be used to lower your balance a bit.
If you carry a large balance paying more than the minimum every month will help reduce your balance and payment fast.
7. I recommend saving money on stamps and potential late fees by paying online. With stamps now costing 41 cents each it can really add up. If you pay 10 bills a month that is around $50 a year in savings you will get by doing that.
8. Rent or housing expense is the hardest to lower but can be done. If you are a renter you can shop around for deals on apartments. It is sometimes possible to find the same quality apartment or even better for less rent. If you are a homeowner you can refinance. If current interest rates are at least 1% lower than what you paid when you purchased your house you can lower your payment considerably. This is especially true if you have sizable equity in your home.
9. A good place to cut costs if you have it is your cable bill. If you can’t live without it I recommend only having a cheap basic plan and not the 500 channel package. Since most of the movies on the high cost movie channels are available in video stores you can rent the ones you want to watch instead and save money.
10. The best way to save on medical bills is avoid getting them in the first place by living a healthy lifestyle. Other than that I recommend having health insurance if possible.
I hope you will find those tips helpful for saving money on your bills.