Monday, July 16, 2018

Fixed Expenses

July 2, 2018

One of the best ways to increase your monthly cash flow is to reduce fixed expenses, such as your cell phone service, home phone service, or cable/internet bills. Lower these bills and your savings is times 12! Get out your bills, use these 5 money savings tips, and start paying less today.

  1. Know what you are paying and what you are getting. Are you getting extra services/features that you don’t need or use? Can you go with a more basic package?
  2. Know what the going rate is and how the service is at the competition. Ask your friends who they use and what they pay for their cell service, or their internet service. You’ll find out how satisfied they are and whether or not the “biggest deal” is really the best deal.
  3. Talk to your service provider; ask if there are any specials or rewards for loyal customers. Ask them if they can do better for you. I did this last month and I was pleasantly surprised. We wanted to add a new phone line to the house, and I asked my provider (who also provides my cable TV and internet connection) if that was the best they could do. I also mentioned that I was looking into moving my business. I ended up getting the new phone line added, and my bill was reduced to less than what I was spending when I only had one line. All I did was ask.
  4. Bundle services. If some of your services can be had at one provider, find out if they offer a discount for ordering more than one service from them. If they do, you win. If they don’t, find someone who does and at a better rate.
  5. Rethink your needs. Cell service can be a really big expense. Why not see if you can get rid of your land line and just have a cell. Or, if you use your cell only to have an emergency line, consider getting a pay-as-you-go type cell phone, which is designed for just this kind of use.

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