Lower Your Monthly Expenses

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Having lower monthly expenses means you’ll need to make less money in order to cover your lifestyle. Start thinking about how you’re spending your income on monthly household expenses.

Give these ideas a try and see how much you can save monthly. The ideas below will require you to get on the phone and speak with your service providers. You may be a phone call away from saving a few dollars per month.

6 Ways To Lower Monthly Expenses

Lower your cellphone bill: Call your cellular provider and asked about new promotions and discounts to lower the cost of your monthly cellphone bill. Can you switch to a different plan? Can you get added to an employer or association discount? Out of contract? Consider switching carriers.

Lower your cable/internet/home phone bill: Call your existing provider and ask about lowering your monthly bill. Negotiate with the representative and consider cutting cable if necessary or removing your home phone line. Additionally, you may be able to get a better price by switching providers.

Lower your utility bills: Find out if you qualify for credits with your water, electricity, garbage, or oil/gas providers. Request information on how you can lower your monthly bills. An investment in energy-efficient lights and appliances may reduce electricity bills. Changing thermostat settings may reduce oil and gas consumption. Fixing a dripping faucet may also reduce water bills.

Lower your subscription costs: Cut out subscriptions to services you do not use. You may have subscribed to Netflix or a newspaper or credit monitoring service that you rarely use. Consider canceling them or reducing the cost with a lower-priced subscription.

Lower your banking expenses: Are you paying for your banking services? Check your statements online and search for the fees you’ve paid. Call up your financial institution and find out how you can get those fees back and how you can avoid them in the future. Not happy with your banking provider? You have options to switch for better service, terms, and lower fees.

Lower your credit expenses: If you carry a balance on your credit card from month-to-month, you’re paying interest charges. Before considering opening up a new card and doing a balance transfer, call your credit card issuers and ask if they could lower your interest rates. Paid fees in the past 3 months? Ask if they can be reversed.