Sarah emailed in the following tip:
If there was a dollar bill lying on the ground in front of you, would you just step over it and keep going, or would you stop and pick it up? It seems like a no-brainer, right?
Wrong. Let me tell you how my family was spending over $800 a year that we didn’t need to. That was “free” money that we were just walking right past every single day. It all started when I was complaining about my cell phone bill to my brother… When I told him how much my husband and I pay per month, he remarked that the amount seemed way too high for the services we were receiving.
Upon a close inspection of my bill, he was right! For example, we were paying $6.99 per month for insurance on my husband’s phone, which was eligible for a free upgrade in 3 months. It didn’t make sense that we had paid $6.99 for 9 months already for coverage that was only worth $50.
The phone bill was just the start. Once I realized that there could be ways to cut charges, I attacked all our other monthly bills. Here’s how I saved:
Phone Bill: Downgraded texting & voice plan to one that reflects our actual usage. Amount Saved: $10/month
Landline Bill: We eliminated this altogether after we realized we didn’t use or need it. Amount Saved: $35/month
Cable Bill: Got rid of second receiver for a TV on the third floor that we rarely use. Amount Saved: $10/month
Newspaper Delivery: Switched from daily to weekend only. My husband gets a paper delivered to his classroom everyday, so instead of discarding it at the end of the day, he brings it home. Amount Saved: $7/month
Movie Service: Cancelled Netflix. You can read why here. Amount Saved: $4.99/month
Lesson learned: Even though I consider myself a pretty frugal gal, I couldn’t believe how much extra money I “found” just by looking over the bills and making some easy adjustments that don’t affect our quality of life.
These small changes add up to $887 per year!!