Save More Money: 4 Things You're Probably Paying Too Much For
I don't know anyone who would say that they've got money to burn. But many of us are doing just that paying too much for things or worse yet, paying for things we don't need.
Have you ever received a bill in the mail to renew a service and you realized that 1) you were already paying for that same service with another company?
Here’s an example: Are you paying for towing assistance through a company like AAA? Take a look at your car warranty. Are you paying to include that? Now check your automobile insurance policy. Are you covered for towing? If you so then you’re already paying for that service. That's right, paying THREE times for the exact same service.
Here’s a list so you can do your own inventory and find some savings in your budget where you too, can cut the fat!
So, we’ve discussed this. But start here. Take a look at what you are currently paying for, what might have duplicate coverage and what you’d be able to drop altogether. You can save money by not renewing your road-side service and dropping the monthly towing and car rental package on your insurance because it might be covered under your car warranty. Before you drop anything, make sure the service you keep is what you truly need, you don’t want to be under-prepared, but you also don’t want to be double-paying for services you already have covered elsewhere.
Here we’re talking about - Netflix, Redbox rentals, Hulu, Roku, Dish, Cable, Direct TV. All of it. Many people have multiple subscriptions but a quick analysis of your viewing habits can show you what your true needs are. It doesn’t make sense to keep two services when one does the job. You can save $1,022.40 this year by dropping an $80/month satellite service and skipping a $2.40 weekly trip to the big red box. Instead, just keep the streaming movie and TV series subscription. You might have to wait for a few weeks to watch the latest movies, but you probably won’t hate all that extra money you saved!
We all know this, but how many of us actually DO this? Bundle, Bundle, Bundle! If you are going with a TV service as listed above, and you have internet or phone services, then be sure to get a bundle price. ALSO- never feel bad asking for a discount. If you see a new customer offer, (especially when you are out of contract) be sure to ask if they will extend the deal to you. You will have to speak to the customer retention department (rather than customer service) but they will likely offer to give you the same deal if you express your desire to go elsewhere if they can’t extend the offer to their loyal customers.
When our family moved in the spring, we decided to forgo our home phone in favor of upgrading our alarm system. By eliminating the phone we NEVER used we added a service we wanted for not one penny more.
For most families, the grocery store is the number one place where they struggle to stay in budget. It's understandable of course, since even with clipping coupons and watching sales ads, our hands are a bit tied by what the powers that be decide to charge for a gallon of milk. But there are ways of shrinking what you spend each week from buying in bulk to looking for alternative stores to shop for your specialty items. You can also look at rebate apps like Ibotta and Shopkick which give you a few percent back on your purchase of items you're already buying anyway.
Use these tips to start reviewing areas where you may be over paying, and start saving today! And don’t stop there! Make a list of other areas you thought of and get to work, saving your hard-earned dollars. Your piggy bank will squeal in delight!