Want to bring down the cost of your monthly bills? Insurance, gas, electricity, internet, TV and phone bills can all add up, leaving less disposable income at the end of each month. Here are five tricks to help bring down all your regular bills.
It pays to always shop around for rates. Whilst many providers offer loyalty rates, you can often save more money by taking advantage of new customer rates and switching every couple years. There are many comparison sites and brokers out there such as One Sure Insurance that can help you to hunt for the best deals. Try ringing up providers too and asking for a price match – you could seal yourself a deal better than anything you’ll find advertised.
With certain bills, you can actually pay less overall by opting for annual instalments over monthly instalments. This is certainly the case with car insurance – one annual instalment is usually the same amount as eleven monthly instalments, so you’re basically getting a month’s free insurance. To make paying annual instalments easier, feed money into a savings account each month from which your annual bills can then come out.
Going green can save you serious money on your energy bills. Insulating your home can save you money on your gas bills by trapping heat in your home longer and reducing the need to use central heating. Solar panels meanwhile are a worthy investment that could prevent you from ever having to pay an electricity bill again. You may even be able to make small improvements such as buying appliances with an Energy Star rating that use up less power and switching your bulbs to LEDs. As for car running costs, opting for a greener vehicle could reduce your road tax.
Switch to pay-as-you-go
If you’re struggling to keep up with your bills, switching to a pay-as-you-go system could help to make them more manageable. This could include a pay-as-you-go phone or a pay-as-you-go energy meter. There are even pay-as-you-go insurance schemes out there – this could be a cheaper option if you don’t get regular use out of your car.
Say no to debt
Whenever possible, don’t let yourself get into debt. Loan repayments, credit card bills and arrears payments will all add up each month – it’s too easy to borrow money now and not think of the consequences later. If you’re currently paying off lots of monthly debts, try taking steps to pay off as many as you can so that you’ll have more disposable income in the future. Throwing excess money at your debts may seem as you’re spending more, but it could help to pay off your debts quicker and reduce the amount of interest you pay in the long run. For those in serious debt, consider debt management companies such as National Debtline that help to reduce these debts for you.