Monday 26 October 2015

3 ways to lower your monthly bills

If you’re feeling the financial pinch and want to find ways to reduce your spending, keep reading. Here are three simple suggestions that could help you to bring down your bills and leave you with a little extra cash at the end of each month.

1) Cut your energy use
With winter just around the corner, already high energy bills are about to rise yet further for many households across the country. There are straightforward ways to keep these costs in check though. For example, you might be able to reduce your electricity spending by switching appliances off at the wall rather than leaving them on standby. It also helps to make sure you close windows and doors to trap the warmth in your rooms, and you could consider getting draft excluders to stop chilly air circulating around your home.
It’s worth taking a look at your lighting too. By replacing traditional incandescent bulbs with energy-saving LED illuminations, you stand to save money. It’s true that these lights can be more expensive to buy initially, but they use much less power. In fact, they consume around 90 per cent less electricity than incandescent bulbs. Also, lighting experts the Lighting Superstore note that LEDs bulbs last much longer than standard bulbs, meaning you won’t have to replace them as often.

2) Shop around for the cheapest deals
Even if you have a hectic schedule, make sure you set aside some time to search for the best deals on everything from your home insurance to your TV and internet packages. Renewing contracts with the same providers year after year or committing to the first offer you see can end up costing you big. In contrast, by using price comparison sites and doing some independent research, you stand to save yourself big bucks. Also, don’t be shy about asking your existing providers for better deals. The worst they can say is no, and you might be surprised by how far they will go to keep your custom.

Another money saving tip is to make sure you’re not paying for any extras that you don’t need. Shelling out for TV channels you never watch or insurance add-ons you won’t use can be a big waste of money.

3) Be smarter when shopping
Plan your shopping carefully too. For example, try to avoid food shopping on impulse or in a hurry. Before you take a trip to the supermarket, plan your meals for the week so that you only buy what you actually need, and look out for special offers that can save you cash. This might require a little extra planning, but it’s well worth putting in the effort.

4) Try Spread betting
Spread betting can help you actually make money, so while it doesn't help you lower your bills, it can help you manage them easier. Anyone can take advantage of the great benefits that spread betting offers so it is worth a go. If you're not sure where to start check out to learn the basics and see if it's for you.

Lowering your monthly bills can seem like a challenge, but there is plenty of advice and information available online that can help you cut your costs.

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