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I recently spent some time on our local NBC news affiliate to talk about how we can all save money on our bills! Monthly bills can feel very overwhelming and also can make you feel very stuck, but there are ways to save on them! If you’re willing to make a few changes, you can really save quite a bit of money.
Tips to Save on Your Monthly Bills:
-Check and compare rates from all companies.
-Call companies with competitor rates in hand and see if they will match or beat the rate.
-Never rent your cable modem. Renting your modem costs $5.99 per month. You can find new or used ones for as low as $40. Look on your cable providers website to see a list of acceptable modems (Time Warner in particular is very picky).
-Drop your home phone. I’d say over 50% of people I know don’t have a home phone anymore. You don’t need one to get internet either (and don’t let a phone company tell you that you do).
-Cellphones: Join multiple family members on one plan. It is only $30 per month for another line versus $75+ to have your own plan.
-Get rid of cable. I know that is hard for some of you… I’ve been telling you this one for years. Cable doesn’t feed you, clothe you or keep you warm. If things are tight this should be the first thing to go!
-Get a streaming device such as a Roku or Google Chromecast. This is a one time cost to buy the device and will let you watch tons of things over the internet on your TV (no new TV needed). There are CNN and Fox News channels, the Weather Channel and so much more that is free.
-Sign up for budget billing to make your monthly bill the same every month. This doesn’t save you anything other than a small heart attack when you open the bill after subzero temperatures in January. It makes your bill the same amount every month. If you end up over paying throughout the year then your last bill of the month will be a lot less. If you underpay they spread out the amount over the next years bills.
What are some other ways you save on your monthly bills?
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