Get Me Out of Debt >> Lower Your Bills

Lower Your Bills

Lower Clothing Bills Let's face it: most of us don't have the money to spend on luxuries like pedicures, hair stylists and high priced executive fitness clubs. Here are several ways you can save money on those little luxuries and still look great.

Lower Household Bills For people living on a shoestring, saving money on groceries is one of the easiest ways to lower household bills. In addition to saving money, the meals you cook at home are usually healthier than the more expensive pre-made options or food you'd find at restaurants. Here are some proven ways you can reduce your grocery bill by up to 30% or more:

Lower Insurance Rates Insurance is a key part of your financial plan, and should be kept in place even if you are in debt. If you have an accident, or a storm destroys part of your home, you could be headed straight for bankruptcy if you don't have health or home insurance.

Lower Monthly Bills If you lower monthly bills, you're halfway to getting out of debt. Managing debt is a two part battle: increase income and decrease spending. For most people, it's easier to decrease their spending (at least in theory). Here is some advice for dramatically reducing your monthly expenses through smart, frugal living:

Lower Phone Bills It's getting harder to lower phone bills. In the past ten years the cost of communication has gone up; everyone has their own cell phone, and telephone companies constantly add new features to justify their high prices. Reducing your monthly phone expenses is easy, and has little to no effect on your current lifestyle. Here's some tips for how you can prevent the phone companies from making your head ring:

Lower Prescription Bills Unlike many other parts of your budget, prescription drugs are not something you can remove at will. Sure, you can do without fancy meals or frapaccianos, but skip your heart medication at your peril. Still, there are many ways for you to save money on your prescription drugs. Here's a list of proven ways to the medicine you need for less money:

Lower Transportation Bills For many consumers, transportation is the second highest expense (behind housing). It is also an area that is ripe for cost cutting.

Lower Utility Bills One of the most important bills to keep up on are your utility bills; do everything you can to lower utility bills, rather than face having the lights turned off. You need these services to function, and not having them may provide a health risk to your family. If you fall behind on your utility bills, you'll eventually receive a notice informing you to pay by a specified date or your power will be shut off.

Paying Medical Bills Paying medical bills should remain one your highest priorities to stay current on. Along with utilities bills and mortgage payments, the outcome of missing even one payment can have detrimental effects on your credit history. Medical bills are even more important, in that failure to pay can result in a loss of coverage. This means even a simple accident that requires hospital care can destroy you financially.