There are dozens of different expenses and bills that can be a part of our monthly outflow that we hardly ever think about. Oftentimes we leave these expenses unattended without ever analyzing or even shopping them. This is a perfect time of year to look over your bills and see where you stand.
First things first – examine your biggest expense: your mortgage. Your next biggest expense is likely your car. If you haven’t refinanced them lately, consider doing so as rates are still quite low. This may help you save hundreds off your monthly bill.
Next, consider cutting cable. Many shows and channels can be accessed on network websites or streaming devices. Netflix, Hulu, and Amazon are inexpensive alternatives to a full-service cable package.
If you are paying a credit monitoring service, consider cancelling it and doing it yourself using certain tools such as free fraud alerts on your credit card. Also, look for a cheaper cell phone plan by doing an online search to find out. Cloud services for your various digital storage needs also need to be shopped, with several inexpensive or free options available.
There are countless other ways to save on your monthly bills, but start with one item per week and see if there is a way you can save money. A little bit goes a long way when it comes to savings.