This year, along with spring cleaning my home, I have decided to “spring clean” my bills as well. Over the last few years it just seems like our family is over-spending. Where does all of our money go? We should be further ahead than we are. . all of these questions have been building up in my head over the last few months. So last week I sat down to really take a look at our spending.
To get started, I asked myself a few simple questions.
– What are we spending our money on?
– Is what we are spending our money on a necessity?
– How can we cut back on our spending?
After going through our outgoing payments I came to the realization that I could easily make some changes. Here are a few ways I have decided to cut back on my families spending and the savings I am expecting in return.
Cell Phone Payment: One really big expense each month is our cell phones. My husband and I both have i-phones that we are not yet ready to part with, so giving up this bill was not an option. However, I was able to remove $30 from my bill each month simply by just visiting my cell phone provider’s store and asking for help. Together with a service provider we were able to take a look at our monthly bill and find a better plan that was cheaper but still gave us the amount of minutes to cover what we were using. Turns out we were paying extra for minutes we weren’t event using!
Television Service: Making this large payment each month really bothered me. I didn’t like the kids watching tv during the day and it was always a battle to get them to turn it off and go play. I was tired of paying for something that I didn’t use, didn’t want my kids to use and was actually causing conflict in our home. What it really came down to for me was that we didn’t NEED to spend money on television service each month. When trying to save money, this was undoubtedly the first thing to go in my mind. We did, however, keep the tv for movie nights and bought an antenna for local news channels. To tell you the truth, not only am I excited about having a summer without the distraction of television shows, but I am also excited about saving my $118 a month!
Grocery Bill: A few months back I found a way to save my family money by switching to a grocery delivery service. However, you do not have to switch to a delivery service to use the core idea of my savings plan. The main idea is to cut out buying excess food. When I use the delivery service I am able to plan out my meals, buy only the ingredients I need for my week of meals and cut out all of the excess. It turns out, cutting out the excess “stuff” really makes a difference. I had to change to a delivery service to keep myself from being tempted at the store, but if you are strong-willed then you might be able to fight the urge in your local grocery store. By not buying extra “snacks” I am saving on average $30 per week. Plus, we are eating better too!
Electricity: This one I had to think about for a moment, how could our family cut back on our electricity bills? One thing that I came up with that we could easily do to cut back on energy costs was to switch to a more energy efficient light bulb. It turns out, GE now makes a super bright LED light bulb which not only lasts longer than other light bulbs but can also cut down my energy bill by using it! Using the energy savings calculator provided by GE I was able to calculate my savings of changing out my old light bulbs to new LED light bulbs. By changing out all 16 light bulbs in my home to the new higher efficiency LED light bulbs my savings will be approximately $94.43 per year. Plus, the new LED light bulbs outlast the older light bulbs which means less replacement costs too!
So all together, with just a little bit of planning and effort, I was able to save my family approximately $185.86 per month and $2,230.32 per year*. While I cannot guarantee your own savings, these ideas have simply worked for my family and I am excited to see what else we can do with all of our money saved.
What other suggestions can you think of for saving money off our bills this year? Share your ideas with me in the comments. I’d LOVE to hear them.
|Find your GE LED light bulbs at Walmart.|