Thank you for reading's Money articles.

5 Sure Ways on How to Lower Your Monthly Expenses

 article about 5 Sure Ways on How to Lower Your Monthly Expenses
2016-08-22 08:17:08
Who doesn't want to save money these days? You may be one of the many people looking for ways on how to slash your monthly bills. There are several tips that you could find on how to do this such as cooking your own lunch, going for supermarket brands and shopping on thrift stores. However, there may be other areas that you're missing out that could help you lower your monthly expenses and here are some of them.

1. Automate Your Payments

You might be an organized person and you feel that you have everything under control. However, busy days and hectic schedules may come and it could be difficult to keep up with everything including paying all your bills on time. If you miss your payment, this could mean paying for late fees and if it keeps on happening, this could accumulate in the long run and it would be huge money loss. There are apps and other options that you can use to make automated payments. Doing so would avoid late payments and you don't have to worry or even do something about your bill payments, which also saves time and effort.

2. Get the Right Broadband or Phone Plan

Your needs may change over time so it's recommended that you review your broadband plan to ensure that your plan suits your needs. For instance, Bigpipe has different naked broadband plans that offer various features at varying prices. You may have started on their more expensive plans that offer faster connection, but realized that you're good with their entry-level broadband plan. The plan has lower rate, which means a decrease on your monthly bill. Furthermore, they may also have new offers that would meet your needs and budget.

This is also true when it comes to your phone plan. Analyze your phone usage and go over with your plan. There might be better plans available that would meet your requirements and give you lower rate. If you do not use your phone that much, most providers have pay as you go plans that let you add credits to your number whenever you want. This means that you could add credits when you wish to use it and not worry about monthly bills anymore.

3. Invest to Save Energy

Have your HVAC system checked to make sure that it's functioning properly. Proper maintenance is needed for maximum performance, which could save you money in the long run. Invest on a thermostat if you don't have one yet. This would keep the temperature on the set level and turn off the heater/air conditioner once it's reached, which saves energy, thus lowering your electric bill. If purchasing new appliances, go for those that are energy efficient. They were designed to use lesser energy than their old counterparts. Again, this would help lower your electric bill not just for one month, but for the years to come as well.

4. Share Your Apartment

If you're alone in your apartment, another option to lower your monthly expenses is to share it with someone. This is true, especially if it's spacious and it's comfortable for more than one person. You may need to sacrifice some of your privacy, but if you're after saving cash, then this would be a huge help as you'll have someone to share not just the apartment rental, but other house expenses too.

5. Use Cash When Shopping

Credit cards are helpful in times of emergency, but they can also be tempting and if you don't have self-control, you might end up spending more than you really need. To avoid this from happening, write down the things that you need to purchase and bring enough cash for that. This would force you to stick to your budget and not overspend because you're bringing credit card.

Try these things and you'll surely find your expenses start to go down these coming months.

have your say

more in Money
How much money can you make trading forex?
5 Sure Ways on How to Lower Your Monthly Expenses

I have seen too many people asking that question - how much can I earn by trading currencies, by trading forex? And as many of you might have assumed, there is no definitive answer, but let us look into it.

Different Types of Online Casino Bonus Features
5 Sure Ways on How to Lower Your Monthly Expenses

The online casino industry is growing rapidly, and you can find many online casinos. This increases competition among providers. Therefore, they have to find different ways to attract and retain casino players. One of the best strategies followed by gambling sites are the bonuses they offer.

How to Attract Luck in Gambling
5 Sure Ways on How to Lower Your Monthly Expenses

Luck or Something Else? Although all players know the fact that gambling odds are pretty much pre-determined and precisely calculated for each and every online casino game, the players from all aroun...

How to get involved with property investment in the UK
5 Sure Ways on How to Lower Your Monthly Expenses

The property market is experiencing huge growth, with a number of major UK cities making names for themselves as hotspots for buy to let investment. If you've been thinking about investing in a property, now is a great time with lots of exciting opportunities and potential.

Trading forex? Here's one of the best daytrading strategies
5 Sure Ways on How to Lower Your Monthly Expenses

If you're just learning to trade forex and haven not figured out what strategy or strategies to use for your day trading, I have been testing a few and so far this one seems to be the trading strategy with most potential. At least for now.

Welcome to TheCheers! We've been around for a long time now, since 2004, publishing articles by people from all over the world. Roughly 300 people from 30 different countries have written for us over the years. Should you want to become a volunteer contributor, be sure to contact us!

Educational resources
Entertainment Blogs
get in touch

You can contact us via The Cheers Facebook page or The Cheers NEW Twitter account.