Making a budget and sticking to it can be hard enough for some people. As hard as it is normally, it ends up being much harder during uncertain times like these. Many families are dealing with a lot of financial uncertainty right now. That makes budgeting that much more important. A good budget will allow you to save some money, weed out expenses you donโt need right now, and help you find the places you can make changes financially. Most importantly, a good budget helps put you on the path to grow your savings.
Here are some tips that will help you to adjust your budget during these extraordinary times.
Stop Paying Too Much for Your Electricity
Everyone has to pay electricity bills, but you donโt have to pay full price. Here locally, customers have the power to choose their energy provider. As you might imagine some offer better prices than others. Of course, weeding through the options can be a little harder to understand.
Luckily, there are services out there that can help with that. One service that can help you save on your electricity bill is Real Simple Energy. This great service is easy to use and gives you the best chance to save the most off your electricity bill. After entering your zip code and answering a few short questions, youโre presented with cheapest plans in the market. After a quick sign up, they will find you the best rates and youโll begin saving money almost instantly!
you canย use promo codeย BUDGET30ย for $30ย credit on your first monthโs bill.
Drop the Expenses You Donโt Need
If youโre like most people youโre signed up to a few subscription services. Maybe youโre a member at a gym or youโve signed up for the wine of the month club. The subscription doesnโt matter. What does matter is that youโre using it and you need it. If youโre not or you donโt, one of the quickest ways to get your budget on track is to get rid of these services. Even if you want to keep them, if you donโt need them you can cancel for now and sign up again when your finances are in a better place.
Contact Your Credit Card Companies to Negotiate a Lower Interest Rate
If you are paying credit cards, youโre no stranger to dreaded interest rates. Unfortunately, credit card companies donโt care about pandemics. One of the fastest ways to trim your bill is to negotiate lower interest rates. Keep in mind this wonโt work with every credit card company. However, itโs just a phone call and a question. If it works, youโll save hundreds of dollars. Youโd be surprised how many companies will help you if they have the ability to do so.
Take a Serious Look at Your Finances
You know the things you have to spend money on. You have to pay your rent. You need to pay your energy costs, food, credit cards, and your car payment. While these bills have to be paid, in some cases you can find ways to trim them. You can use Real Simple Energy to lower your energy costs. You can clip coupons or use coupon apps to lower your grocery bills. Once you see exactly what youโre spending it will become clear where the best places are to save money.
Negotiate or Drop Services for Cheaper Options
In the middle of a pandemic, we all want something to keep us occupied. Of course, if you have cable that could be costing you over one hundred dollars each month. Most cable companies offer introductory pricing. Itโs worth giving your cable provider a call and reminding them that youโre a loyal customer. If they think youโre willing to leave, they might give you a reason to stay with some discounts. Even if they donโt, you can cancel and choose a cheaper service. A great way to save money might be to switch to streaming services. You can get just as many channels and your fee is less. Youโll save some money and wonโt have to miss out on a thing.
Have any budgeting tips that work for you? Let us know in the comments!
This is a sponsored article. We only accept and publish sponsored content we believe offers remarkable value and is useful to our loyal readers. Sponsored content allows DFW On Budget to manage the expenses of running this website and to bring you extensive coverage of the areaโs best deals and events. If your organization is interested in sponsoring content on our site,ย click here to learn how you can advertise with us.