Deaundre and I are on a journey to be debt free! When we started this journey a year ago, we decided to take a closer look at our expenses to see what we could cut, alter, and do without. Below is a short list of 3 simple things we did to save money:
1. We Cut the Cable: Every year our cable bill went up; sometimes twice per year. When we finally cut Direct TV, our bill was about $95 per month. We had 1 DVR and 1 receiver in our bedroom, and no we did not have any fancy package. It started at about $60 per month, but once our promotion ran out, the bill began to gradually increase. After a fast from TV in 2012, we began to question our TV needs. So we now have Hulu ($8 per month) and Netflix ($16 per month). We also spent around $90 for an Apple TV unit and we budget $25 per month for programs we want to watch that don’t come on Hulu or Netflix. With this arrangement + Youtube (Free) we are able to watch 90% of what we watched before with cable. We also save about $50 per month!
2. I stopped buying books: This is a great point for things other than books as well. Stop paying for what you can get for free. I love to read and when some of my favorite authors had new books out, I would run to the bookstore and buy the hardback. Whenever I needed something new to read, off to the Barnes & Noble I went to pick something out. This may not seem like a lot, but I will probably read about 20-30 books this year. At $10-20 per book, this adds up quickly. The Library has most of these books…for FREE. I had to develop patience, because there will most likely be a line for the new releases, but the savings is worth it. Now I only purchase reference books that I will read again and again.
3. Call your providers to see if your bill can be lowered and be open to switching for best cost: When our promotional periods end, I always call and see if there is another promotion I can be put into. Most of this time I am successful at getting the bill really close to the original low amount, sometimes lower. Always call and ask. If they are not willing to drop the price, be open to looking into other providers. It seems like new customers are always given the best price, sometimes it is best to become a new customer.
Three things everyone can do! How do you save money? What are your go to budget cutters?