Save Money on Bills

In previous blogs I pointed out some ideas that will help families save money with their grocery bills, entertainment and dining out bills, and much more. Today I am going to focus on the “fixed bills” – the ones you can not get rid of such as utilities and more. If you missed the previous posts please take some time and read them here.

How to Save Money on Your Phone Bill…

1. First thing you need to do is decide if your household needs both traditional and cellular phones.  Many modern households have done away with landlines and have gone strictly mobile, unless you absolutely have to ditch the land line.
2. If you do want separate mobile and house phones consider the Magic Jack.  I know the thing looks like a TV gimmick but it’s really a VOIP that uses your internet connection to place calls and can save you tons of money on your phone bill.  You can replace your phone bill and pay less than $30 a year.
3. Monitor your cell phone usage to fit your needs, for instance as much as I tried I could not limit my text messages so instead of consistently paying overage fees I opted for a larger plan.  Yes it was more money but at the same time I now don’t pay any fees so overall I’m still saving.
4. Try using Skype for some of your needs if not all. While not as pretty packaged as Magic Jack, Skype is a free software that will turn your computer into a phone. More over, Skype which is owned by eBay, sells phones that will piggy back on any wireless connection and make phones local as well as international. Imagine taking your Skype phone (with your phone number registered to it) to a Starbucks and still be able to answer calls made to your house number. With increase Wifi and WiMax coverage in many areas, those wireless phones are virtually always on an internet connection. A monthly membership is just $5.99 and it comes with all the features – voice mail, caller id, dedicated number and numbers in different area codes to make it easy and cheap for your family to call you.

How to Save Money on Cable Bills…

1. If you don’t mind losing your premium channels you can get rid of your cable provider and watch everything you need online for free.  Check out this list of Free TV on PC websites.

How to Save Money on Energy Costs…

Even though winter is coming to an end there are many things that you can do to save money on energy costs year round.

1. Whenever buying new appliances look for the energy star rating for low electricity using items.
2. When running Air Conditioning or Heat make sure your windows and doors aren’t seeping air.
3. Save money by unplugging your most energy consuming appliances when not in use.  Not sure what each appliance takes up even when not plugged in, find out what each appliance uses and at least unplug the worst offenders.

A great overall tip when it comes to saving money on bills is to not be scared or ashamed and simply ask for deals from each service provider.  For instance if you hear about a new promotion only available to new customers, no problem, call customer service and have them apply it to your account under threat of switching services.

Family Summer Fun

To continue our coverage of the 8 simple ways to revamp your home budget and save money in 2010, this post will cover savings on your Travel, Vacation and Entertainment category. If you have missed our previous posts about saving money in 2010 please read our previous entry (part 2) here.

Spring is here and summer will come around the corner in no time. Most American families will soon start planning for their yearly summer vacation and I think this post will really be helpful with this planning as far as saving some money. So without further delay here are some of the most important and effective ways to save money on your next summer vacation.

How to save money on your Vacation:

1. Vacations are a necessary part of a balanced and sane life but they can be expensive. You can cut the cost of a vacation significantly by planning and booking ahead of time. Bookmark travel sites for finding inexpensive airfare, hotels, rentals and so on.  If you know your schedule try to book months in advance to save money.
2. Look online for sales and discounts before making a purchase. For example, use travel deal sites like Priceline, Expedia, Travelocity, and Hotels.com before booking so that you can make some comparisons.
3. One unique way to save money on travel is to stay in hostels instead of hotels, they offer much cheaper rooms and a more lively experience.  This is a great solution for younger people, families with children should check ahead to see if private rooms are available.

If you enjoyed this list of ways to save money please share it with others and I know that saving money is a vast topic with tons of info so feel free to add any of your own additional methods in the comments below.

How to Save Money On Your Entertainment:

1. This is another situation where the entertainment book is crucial to your savings.  The closest theater to my house is a Regal Cinemas which charges a whopping $10.00 per adult ticket, the entertainment book contains 12 coupons which let you purchase 2 adult tickets at $7.00 a piece.  That’s a 30% savings and comes out to $6 saved per movie trip.  If you and a friend see just 3 movies this year these savings alone will cover the cost of the book.
   
2. The other option is to see movies in matinee show times, which around here will save you $2 of the ticket price.  This is a good strategy but difficult to pull off on date nights and weekends.

Save Money at the Grocery Store

A few days back I started a series of posts highlighting ways to save money in the new year. It is a more of a family guide to savings more than a list of unrelated and irrelevant corner cutting techniques.

In the first post I have talked about saving money in your commute/ automobile budget area and if you missed it you can read that post here.

Today I’m gonna cover one of the largest expense that a family budget has – food.

Saving Money on Food

Saving on Groceries:

• Never go to the grocery store without a list. This is the best way to control impulse buying, buying unnecessary things, things you already have or even worst not getting what your family needs.
• Coupons, Coupons and More Coupons. Having a list also allows you to look in the paper for coupons you will needs. Group them together with your list and it will make using coupons and saving money a breeze.  Don’t just settle for the coupons you get in your bulk mail, do a search online or visit manufacturer’s websites and see what they have. There is not one time that I have went to Goya’s website (a specialty food manufacturer I tend to buy a lot) and not find a good recipe or a great coupon.
• Look at the price. The most profitable marketing and packaging technique is the price per item rather than per unit. Manufacturers will make a slightly smaller package that their competitor and charge you the same or even more for it. So don’t fall victim of this marketing trick. Look at the price tag on the shelve and look for the unit price. That will let you compare apples to apples when looking for a bargain among manufacturers.
• Buy Generics. Unless you are shopping for dieting items or you have certain medical conditions or you are purchasing organic produce, always go for the generics. Most of the time the generic store brand is made by the same manufacturer as the leading brands just packaged differently and sold in bulk to grocery stores which in turn sell them at a discount. You will be saving a bundle and still enjoy the same taste and quality.
• Buy in non-perishable items in bulk. Sam’s Club and Cosco are great shopping trips for a family. They have everything under the sun under one roof – even couches to sit one while your spouse is browsing the warehouse . Buy non-perishable items in bulk from those places as the quantity discount you get here will add up to a few hundred dollars a year in savings which largely offsets the membership cost. Also gas is cheaper usually at these places so use this opportunity to gas up.

Saving on Dining Out:

• Cut out Lunching Out if possible. Dining out during lunch is one of the easiest things to cut out of your budget and free up that cash. If you dine out every lunch break you are looking at an expense around $1800.00 a year which is pretty much a family vacation. So get in the habit of bringing to work a doggy bag with leftovers from last night’s dinner or a sandwich you made in the morning. You will not only save money but you will enjoy a healthier diet and lose some weight.
• Do Not Touch That Snack Machine. We all know that vending machines offer unhealthy snacks at on overpriced cost. So why do you use it? Bring from home some carrot sticks or celery or whatever it is you want to snack on and stay away from the vending machine. If unhealthy snacks is what you are craving, bring that from home too and buy it in bulk from Cosco or Sam’s.
• Eat Dinner At Home. Eating dinner at home has many advantages other than saving a good chunk of cash. It allows you to reunite as a family after a day of work and enjoy the bond you have. It also allows for a more nutritious and healthier dinner that what you will get from even the best restaurant.  Also you will have something to take to work next day for lunch. Try to eat out only a couple times a week and look for the specials of that day.
• Enough with the bottled water. The use of bottled water has become insanity and there is absolutely a gigantic volume of scientific work showing that bottled water in large is worst that tap water. So quit blowing your money on bottled water and get you a Brita Filter at home. Fill it up with tap water wait for it to filter (about 10 minutes) and fill up a bottle of water or two or ten. Nowadays most refrigerators come with a charcoal filtration system which far exceeds the filtration system used by branded bottled water. Gosh $1.99 for something I can get for free? Crazy…

I hope this guide was useful to many and if you have other money saving ideas please add them to this list. In the next post I will go over ways to save money on Travel and Entertainment and hopefully you will find good information in those posts to help yo with this year summer vacation.

When you’re trying to save for the future and still manage to eat, it can be tough to find that right balance. We all need to plan ahead and having a savings account really is essential. This can be a cushion or that “rainy day” money that you need, and it is never too late to start putting away money towards your retirement. However, a lot of us can get bogged down when it comes to handling our own finances and it is all too easy to be like the grasshopper in Aesop’s Fables and put it off until tomorrow.

You can’t put off saving for your future until tomorrow, because there is a good chance you’ll keep putting it off until you wake up one day and it’s too late. However, there are a few easy tips that you can use to start saving for your future today. It may be a little tough at times, but like anything, practice makes perfect. The more you practice saving, the easier it gets. Eventually, managing your money will come naturally.

Let’s start off with setting a budget and finding which expenses are not necessary. Add up everything you spend over the course of a month. Put all of your necessary expenses, such as groceries, rent, utilities and phone into one column. Now, put everything else in the other. You may be surprised at just how much you are spending every single month. If you have credit cards, it’s very easy to spend more than you’re making. This sets you up to enter a bad debt spiral that will eventually get out of control.

Now, let’s take a look at everything in the second column. Add up how much you spend on things such as partying or shopping. These are items that should be the first to go. Sure, you don’t want to become a recluse, but when you get tempted to go out and spend a bunch of money ask yourself – will I still be able to wear this shirt when I’m broke at 65? Do I want to work until I’m 80 simply because I want to go have a few drinks?

It’s a bit extreme, but these little spending habits can end up giving you that result. Find ways to do things a lot more cheaply and you’ll end up saving a few hundred dollars every month. Put that money into an interest bearing savings account and we guarantee, by the end of the year, you’ll be amazed at how much money you were able to put aside.

Next, you’ll need to focus on ways to create more money than just your standard income. 80% of all Americans live paycheck to paycheck. This means that one lost job can result in becoming homeless. To break that cycle, you need to create multiple streams of income so that you’re not relying on that one source of income to meet your needs. This is the key towards planning for your future.