Since our economy does not seem to be doing any better than it was oh say over the last 7 years or so, we thought it would be a good idea to write about some ideas in which you could save money; while at the same time lower your credit card debt. These are things I have personally done and although they may not seem like much, hidden inflation has really kicked in over the past 5 years. If you do not believe me, just look at your grocery bill or what you are paying for the price gasoline lately.
I will admit I do most of the grocery shopping for our family of 6, so I know exactly what it is like. Grocery prices are continually going up and the packages of these products continue to get smaller. The only thing I have not seen get smaller is the laundry soap “scooper.” The laundry soap boxes are a lot smaller; however the scooper on the inside is bigger than ever. Please do not insult us corporate America. It is far too late for that nonsense.
Therefore, I have made a list of 7 ways to reduce monthly expenses that will definitely help you lower or completely eliminate some of your bills while at the same time help get out of our debt settlement services program a little faster.
Here is the list that’s worked for my family:
1) Newspaper and magazine subscriptions
Gone. We can now get all the information we need about the news, sports and the weather, even my wife’s People magazine, over the Internet with the touch of a button (or a mouse.)
2) Our family gym membership
Gone. I joined the local YMCA and my wife and children use our town’s community center for all of their extracurricular activities and exercise.
3.) Our water heater.
Turned up a lot higher than ever before. I do not think we will ever need 40 gallons of hot water at any one time in the near future. If we do than something has gone awfully wrong.
4.) Because our family is larger than most families, we buy our groceries in bulk. That does not mean you need a large family to buy in bulk. It just saves you a ton of money. We have an extra freezer and can buy a month’s worth of groceries all at once.
In addition, it has been our experience that Walmart has by far the least expensive groceries in America today. Not only that, they accept other stores coupons! In fact, I was recently told that Walmart outsells all the other groceries stores combined. If that is true, that is amazing statistic.
5) Utilities can be another big saver of money. For example:
A) We have DirecTV for our television programming. We certainly do not watch over 200+ channels. Who does? Therefore we do not pay for it. We have DirecTV’s basic package and NEVER order Movies on Demand. Red Box or Netflix work perfectly fine for watching movies with the family and friends.
B) Our phone is about to be disconnected. The kids all have jobs now and can afford a basic cell phone package that they pay for themselves.
C) Internet. What used to be a monopoly is no longer the case. We live in the Phoenix metropolitan area and now have the choice of three different Internet providers. All you need to do is compare and shop for who has the best price available and try to lock in that price for as long as you can. This ensures you will not be blind-sided by habitual increases with this bill.
As a side note, do you know how utility companies get to increase their bills every year?They put in for an outrageous percentage increase (like 25%) to the local commissioner’s office. That gets shot down to a half or a third of what they requested, and the utility company walks away with a nice percentage increase in your bill… EVERY YEAR! As a result, more profit.
On that same note, have you ever really looked at one of your utility bills lately? I looked at my water bill this month and there were 5, yes 5 different taxes on there! Hence the lower your bill (hint: usage), the lower your taxes and the lower your overall bill.
Of course we all like to get out of the house for a dinner or a movie every once in awhile. However, most major movie theaters in our area, such as AMC or Harkins Theaters offer big savings if you go to the movies before lunch time.
So, for example if we want to go to the movies, we go on the weekends before 12:00 pm. Prices are roughly half of what they charge after 12:00 pm. With 4-5 people in trail, you get a tremendous savings right there. In addition, we do not buy anything other than the refillable popcorn. Most movie theaters will let you bring in your own water, and no one needs a $6.00 candy bar for a 2-hour movie.
Second, restaurant food/prices are not getting any lower either. This is where coupons come in real handy. For example, buy one entrée and get the second one free. I can afford that!
7) Lastly, clothing. By far the best marketing campaign I have seen in the 21st century is from a store out of Wisconsin called Kohl’s. It seems that every other week my wife receives a booklet of their sales for the month, along with a 15% to 30% discounted coupon. On top of that, should you elect to use their credit card; you get an extra $10.00 off of your total bill.
That is not to say that the Goodwill, the Salvation Army and local Thrift Shops in our area do not have great clothing. That is where I shop. However for the ladies, you may want to investigate this company or at least get on this companies mailing list, should there be one of these stores in your area. They seem to have great quality clothing for a lot less than most big department stores. I am not sure how they do it, however hat’s off to the marketing folks at that company.
Finally, we hope that these 7 ways to reduce monthly expenses is helpful to you.
We welcome your thoughts or other ways you use to reduce your monthly expenses. Where do you find great discounts or practical ways of saving money for our debt reduction services clients. We are thinking about compiling a list of everyone’s input on how/where they save money on practical items each month and then publish those in future newsletters. This way we continue with our motto of “everyone wins,” when it comes to saving money and getting out of debt.
For more information on our debt relief help, please feel free to contact us toll free at 800-890-6658 or visit our web site by clicking on this link: Nationwide Debt Reduction, Inc.