It’s that time of the month again to pay that greedy old man Bill and you’re wondering where all your money has gone? It’s not uncommon to feel like your money has disappeared once you’ve made all those monthly bill payments. But there are clever ways to keep more cash in your pocket, and save on those bills.
Here are some great tips to help you save on bills without having to sacrifice your lifestyle:
- Many power companies actually offer early repayment discounts. Find out if yours does, because being out of pocket for a week or so once, to save money each month, is definitely worth it in the long run.
- If you have the opportunity to access free Wi-Fi, stop using your mobile plan to text. Instead apps like Viber, or utilising your iMessage provide cheaper alternatives to calling and texting.
- Switch to energy efficient light bulbs. They are more expensive up front, but can save you significantly on power bills and last a lot longer. You don’t have to keep replacing those light bulbs and they’re often a lot brighter too!
- Install low-flow toilets and fixtures. Sacrificing your high pressure shower to save wasted dollars on showerheads, toilets, kitchen taps and garden hoses. When they first came on the market, they received a bad reputation for wasting more water due to the low-flow meaning toilets needed to be flushed more than once, but the technology has advanced radically over the years.
- Make the most of retention teams. If you’re unhappy and considering changing providers, try and get a number to reach their retention team. Their job is to make sure you stay a paying customer and will usually offer you a good deal to prevent you leaving to a competitor.
- Stop paying for power nobody is using. Train your family or flatmates to be diligent when it comes to switching electronics off before leaving the house or going to bed at night. Make it easier by putting electronics onto a switchboard, and save power with the flick of a switch. It’s not just good for your bill but often good for the appliances themselves too.
- Make sure you’re on the right mobile plan. If you’re paying for 5GB of data, but only use 1GB it’s worth looking into downgrading. The same goes if you’re regularly going over your minutes. When you add the extra charges up, it’s usually a lot cheaper to just increase your monthly spend by $20 or so.
- Stay warm without using heaters. Collect some old blankets or throws and have them in the lounge instead of a heater. Are you guilty of turning the heater up while you’re in a t-shirt and shorts? Or turning the air conditioner on because you can’t be bothered to get out of your jeans. Time to smarten up!
- Evaluate your TV situation. Are you paying for premium channels you don’t watch? Look at different plans that are more suited to the channels you use. Or better yet, invest in Freeview instead for a one-off payment.
- Put an hourglass in your shower as an indication of how long you’ve been in there. As a child my father would time our showers and since then have never been one for long showers, but it’s easy to lose track of time and end up having a really long, expensive shower.
Disclaimer: The above information is general in nature and not intended to be financial advice. You should consider seeking professional advice before following any suggestions in this blog/website.