Scientists will back me up on this one – shopping makes people feel better. And the more stressed we are, the stronger the urge to spend some money is. It is important to know that much about the human nature to be able to control ourselves – especially when the economy is in slow-down and money-wise we’re heading towards some unsettling times.
What I am about to suggest is not going to be fun, but it will improve your family budget by saving you money. It is time we re-evaluated all our expenses to cut back on luxuries and things we can easily live without, and made sure we’re getting value for money.
1. Pay less for energy.
Many people stay with the same energy retailer just out of habit, when they can find a cheaper one just by shopping around. Go to http://goswitch.com.au, compare all the energy retailers and choose the cheapest one. You will be still getting the same gas and electricity, but paying less for it.
2. Find a cheaper car and house insurance.
It doesn’t take more than a day to shop and find the best and the cheapest insurance for your home and vehicle. Many companies have special offers if you buy the insurance online and it allows saving even more.
3. Switch to a cheaper mobile plan.
It often happens that people have a mobile plan where they are paying for more than they use. Anyone who has had a mobile phone for 6 months or so has the statistics of their monthly usage. Use those numbers and find a cheaper plan that suits you better (don’t forget about the exit fees for your current plan).
4. Consider canceling landline
If you’re not using the landline much, consider canceling it. “But wait”, you say, “what about my broadband, I need my landline for the Internet access”. Well, actually you don’t, because there are Naked DSL plans that let you have the broadband without paying line rental fees. By canceling the landline you could be saving at least $240 a year.
5. Cancel cable TV packages or replace with cheaper ones.
Think about it – how many channels do you really watch? How many do you enjoy? Maybe you can get a cheaper TV package that will still include all of your favorite channels and it will cost less because you’ll get rid of all the useless ones.
More tips are coming, stay tuned. Meanwhile, what are your ideas for a better budget? Leave a comment, let me know.