Give Yourself an Instant Raise by Saving Your Hard Earned Money
Money saving tips that can save you thousands every year are right under your nose. We all want that miracle cure that will allow up to save money and still live our comfortable lifestyle. These money saving tips should help you stay within your budget, save thousands, and hopefully hardly notice the any major difference from your current lifestyle.
One of the first money saving tips your can do it to consolidate your phone, internet, and cable service. If you are using three different services, you are wasting money. You use three different stamps as well, which can actually add up. That actually adds up to about $13.00 a year, which may seem like a small money saving tip, but every little bit of money saved counts. Actually consolidating you three service providers can save you from $30 to $80 a month depending on your home services and plans. Now that is big money saving tip.
A small, but unnecessary waste of money that will help you save your hard earned dollar is transferring all of your bills to be paid online. Online bill paying eliminates the need for stamp, envelopes, and most importantly any late fees you accrue when your check gets lost in the mail.
Many student loan plans offer an initial reduction in your monthly payment if you sign up for online bill pay. Some student loan companies will even take an extra .5 to 1.0% off of your interest rate if you use bill pay successfully for at least six months to a year.
Setting up online bill pay will take minimal time and you really won’t feel the difference at all, except when you don’t have to go to the post office for stamps!! Oh, by the way, if you mail an average of ten bills a month that is a yearly cost of $44.40 you could save if you did not have to buy stamps!
To cut your heating bill in half take a lesson from Jimmy Carter. I saw this money saving tip one night when the former president was being interviewed on CNN or some other cable channel. He suggested to American during his presidency that if they would all lower their thermostats to 55 degrees in the winter, they would save the nation fifty percent of the fuel it currently consumed. Not to mention saving yourself some money. Of course I was intrigued and had to try.
I know my previous year’s gas bill, so I took a year and through the entire winter turned the thermostat down to 55 degrees every night when I went to sleep. When I woke up I turned it back to 68 degrees. I saved at least half on my gas bill for the entire year. I do have to say that the year I tried this was this past winter, when gas prices tripled for heating your home.
My neighbor’s heating bill for their home was around $350 every month. Mine was about $130 to $136 every month. I live in a two-bedroom one-bath house. I even cheated occasionally and only turned it down to sixty degrees. So, throw an extra blanket on the bed and you won’t even notice the difference! This money saving tip saved me $2400 this past year.
To save money on your water bill turn the water off when you brush your teeth. All of our parents preached this money saving tip to us growing up. In fact I think my extreme waste of water in the past few years has been a rebellion against this incessant preaching. You should understand that you waste on average 1.5 gallons of water when you allow your water to run continually while brushing your teeth.
For a family of four this adds up to 6570 gallons of water per year if you brush your teeth three times a day. Give your self an instant raise and start preaching some the same advise your parents did! A quick way to enforce money saving tip is insist that everyone brush his or her teeth with the stopper in the bathroom sink. They can’t leave the water running or it will overflow.
Trust me this actually works! My sink was stopped up and I learned quickly how easy it is to just turn the water off! Once you get into the habit of turning the water off, you won’t even feel the difference.