Are you aware that the average cost of living in America is $3,189 for a single person?
If you make $40,000 a year or less, then you’ll either just scrape by or fall deeper into debt over time. It’s true that the unfair state of the economy takes most of the blame for people’s struggles, but we can’t expect meaningful changes soon.
As a result, we have to do our best to reduce bills however we can. Do you want to know what you can do to lower bills? Read on for 5 powerful tips.
1. Feed Yourself the Smarter Way
We all need to eat to survive, but there are plenty of things you can do to save money on food. The most important step you should take is to start cooking your own meals at home.
Avoiding takeout will work wonders for your finances, but groceries can add up fast as well. Try to stock up on affordable staples like rice, pasta, and beans and choose generic products over name brands.
2. Review Your Cable, Internet, and Cell Phone Providers
Your cable, internet, and cell phone can take up a huge chunk of your utility bills. Shopping for a bundled deal will help you score huge savings.
You can also research cool companies like Mint Mobile that give you flexible phone plans for a fraction of the price that larger companies offer.
3. Invest in Solar Power
Do you feel like your electric bills are out of control? Taking a look at this solar savings estimate may make your jaw drop to the floor.
Thanks to tax breaks, competitive loans, and other financial aid, any homeowner can install solar panels without saving up for an upfront investment.
4. Get a Smart Thermostat
Another clever way you can use less electricity is to buy a smart thermostat. These devices can sync up with your phone and allow you to control the temperature of your home no matter where you are.
Powering down your HVAC whenever you’re not around to enjoy it can lead to massive savings over time.
5. Refinance Your Debt
From student loans to credit card bills and beyond, you’re not alone if you feel like you’re buried in debt. Predatory interest rates can kick you while you’re down and make it impossible to escape.
If you need help hacking away at your loans, then refinancing could be the perfect solution.
These Tips Are Guaranteed to Give You Lower Bills
Getting lower bills may seem like a dream for the average American, but it’s important to remember that there are so many big and small steps you can take. Following this guide is a great place to start.
Taking control of your finances is crucial for your mental health and stability.
Do you need more help figuring out how to manage your money like a pro? Have a look at the rest of our blog so you can find more incredible advice.