There are several options to cutting costs in your household, but the first step is to be honest about what you’re actually willing to do. Start with evaluating your priorities. Take time to consider what you can compromise, and stick to a few non-negotiables. When you have those things figured out, you’ll save money without feeling like you’re missing out.
Here are our simple ideas for how to lower your monthly bills.
Shop for better Insurance Rates : Insurance rates vary by hundreds of dollars a year among insurers for the same levels of coverage, so it’s important to check rates. Price comparing the protections personal insurance offers is easy. Speak to one of our licensed insurance agents and get the protection you deserve, contact us at (770)592-3132
Refinance your Mortgage : Not only is refinancing one of the best ways to save money, it also allows you to pay the mortgage off quicker if you maintain the same payment amount. You can go from a 30-year mortgage to a 15-year mortgage and save thousands of dollars over the life of the mortgage.
Cut the Cord : With streaming services and cell phones, do you still need cable and a home phone? According to the Leichtman Research Group, the average person will save $1200 a year by cutting cable. If you’re not quite ready to drop cable, call and negotiate a better price with your provider!
Lower your thermostat : Set your thermostat 5°-8° higher in the summer and 10°-15° lower in the winter. According to the U.S. Department of Energy, this can save you 5-15% on your yearly energy costs. Programmable thermostats can help by automatically making these adjustments for you.
Prepare and plan food at home : Meal planning saves you both time and money. You can search the internet for a few low-cost meals, create a calendar and rotate the menu monthly. Take your list to the grocery store and stick to it, so that you won’t be buying anything other than what you need. If this task seems too daunting, many grocery stores or menu subscription services offer recipes based on their weekly sales ad. A few other key things to remember: don’t shop while you’re hungry, and save money on bottled water by using a reusable water bottle.
Buy medicine in bulk : Combined with the new prescription savings apps, a 90 day supply of medication can be less than what you’ve been paying monthly! For example, originally a medication that was $45 a month at a drugstore was only $25 for a 90 day supply using GoodRx. That’s a savings of $440 a year.
At Founders Insurance Group, we understand that every family is different. Our independent agents will take the time to learn about your personal insurance needs and craft policies that are right for you, and fit within your budget. Whether you are looking to insure your home, your car, your boat, or need an umbrella policy for added peace of mind, our agents are here to provide you with the best coverage. Call us today!