Making a budget and sticking to it can be hard enough for some people. As hard as it is normally, it ends up being much harder during uncertain times like these. Many families are dealing with a lot of financial uncertainty right now. That makes budgeting that much more important. A good budget will allow you to save some money, weed out expenses you don’t need right now, and help you find the places you can make changes financially. Most importantly, a good budget helps put you on the path to grow your savings.
Here are some tips that will help you to adjust your budget during these extraordinary times.
Stop Paying Too Much for Your Electricity
Everyone has to pay electricity bills, but you don’t have to pay full price. Here locally, customers have the power to choose their energy provider. As you might imagine some offer better prices than others. Of course, weeding through the options can be a little harder to understand.
Luckily, there are services out there that can help with that. One service that can help you save on your electricity bill is Real Simple Energy. This great service is easy to use and gives you the best chance to save the most off your electricity bill. After entering your zip code and answering a few short questions, you’re presented with cheapest plans in the market. After a quick sign up, they will find you the best rates and you’ll begin saving money almost instantly!
Drop the Expenses You Don’t Need
If you’re like most people you’re signed up to a few subscription services. Maybe you’re a member at a gym or you’ve signed up for the wine of the month club. The subscription doesn’t matter. What does matter is that you’re using it and you need it. If you’re not or you don’t, one of the quickest ways to get your budget on track is to get rid of these services. Even if you want to keep them, if you don’t need them you can cancel for now and sign up again when your finances are in a better place.
Contact Your Credit Card Companies to Negotiate a Lower Interest Rate
If you are paying credit cards, you’re no stranger to dreaded interest rates. Unfortunately, credit card companies don’t care about pandemics. One of the fastest ways to trim your bill is to negotiate lower interest rates. Keep in mind this won’t work with every credit card company. However, it’s just a phone call and a question. If it works, you’ll save hundreds of dollars. You’d be surprised how many companies will help you if they have the ability to do so.
Take a Serious Look at Your Finances
You know the things you have to spend money on. You have to pay your rent. You need to pay your energy costs, food, credit cards, and your car payment. While these bills have to be paid, in some cases you can find ways to trim them. You can use Real Simple Energy to lower your energy costs. You can clip coupons or use coupon apps to lower your grocery bills. Once you see exactly what you’re spending it will become clear where the best places are to save money.
Negotiate or Drop Services for Cheaper Options
In the middle of a pandemic, we all want something to keep us occupied. Of course, if you have cable that could be costing you over one hundred dollars each month. Most cable companies offer introductory pricing. It’s worth giving your cable provider a call and reminding them that you’re a loyal customer. If they think you’re willing to leave, they might give you a reason to stay with some discounts. Even if they don’t, you can cancel and choose a cheaper service. A great way to save money might be to switch to streaming services. You can get just as many channels and your fee is less. You’ll save some money and won’t have to miss out on a thing.
Have any budgeting tips that work for you? Let us know in the comments!
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