Trimming the Budget Fat? Don’t Forget These Items

Many families these days are trying to make the most out of their income. With the economy on a decline and everything going up in price, it is not any wonder that more families than ever are requiring assistance.

Before you go waving the white flag there are a few things you may not have thought of that can help to reduce your expenses:

  • Lower your thermostat – Lowering the thermostat a few degrees lower than normal will help to save you a lot of money over the course of a month. If you cannot tolerate the cold, bundle up with a warm sweater and slippers.
  • Electricity – When it comes to electricity most people use more than they need to. Simple rule: when you leave the room, turn off the lights and anything else you may have running.  You should also plug out all appliances (except the fridge, obviously) that you aren’t actively using.  Even if they are turned off, they are still drawing on electricity and increasing your usage while not in use.
  • Cell Phone Bill – Believe it or not most people have plans that provide too many minutes. Check what plan you are on, and if you have extra minutes each month, reduce it.  Consider switching to a no contract phone because the plans are usually cheaper.
  • Cable Bill – If you got sucked into getting that deluxe package because it had that one channel you wanted, you may want to rethink things, at least for now. Sometimes by simply calling them and telling them you can no longer afford to pay this bill, they will work with you to find ways to reduce it. Most times you will not even notice the channels you lost.
  • Laundry Matters – Wash your clothes in cold or warm water instead of hot. With the advancements in technology, the detergents pretty much work with any temperature water.
  • Create a Meal Plan – Shop each week for things you will eat. Make a shopping list for the meals you are going to prepare. By doing this you will not buy things you will not eat and thus throw away.

There are many more things you can do to reduce the cost of things around you. Using coupons and waiting for a real sale on items are just a few more of the many ways you can keep more of your money.

 

 

About 

Jennifer Gueringer is a Social Media Associate at Enova International, Inc., and is interested in finding new and creative ways to be financially savvy. Find out more about her on Google+.

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