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How to Save Money When Paying Your Bills

July 11, 2015

Did you know that  you can cut the costs of your bills by shopping around and switching suppliers? Yes, you read that right. Some people were able to save a few hundred dollars each year by doing so.

  • Research and ask friends or co-workers if you’re on your energy supplier’s cheapest gas and electricity tax.
  • Consider switching to a different company if it will allow you to save a substantial amount of money on your gas and electricity bills.
  • Do you have a telephone and a broadband? Choose another supplier which can offer you cheaper but quality packages.  
  • If you want to save more, lower your monthly consumption of  gas and electricity. Are the unnecessary appliances in your house? You might want to sell or give them away. You can also limit the hours you spend watching TV or surfing the net in order to save more.

Plan for bills that come yearly. Open a savings account where you will pay a regular amount from your bank account every month. By the end of the year, you can use the total amount you've saved to cover:

  • Holiday expenses 
  • Christmas presents and food
  • Family and friends’ birthdays
  • Home and car repairs

Planning ahead and saving every month gives you the ability to pay for the above-mentioned expenses without being late on paying your regular bills. If you are having difficulty paying your bills despite all these planning and preparations, talk to the people you owe money to as soon as you can. Ask them if they can let you make smaller repayments until your financial position improves.

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