Now we are in very uncertain times with the current pandemic. However, for a lot of us this will mean uncertainty with our finances but also due to the new regulations – spending a lot of time at home. This can make it the perfect time to complete a bill audit and start saving money on your bills.
I assume everyone has set monthly expenses that come out, whether that’s for Netflix or rent, food shopping or WiFi. We all have bills that come out every month. Depending on who you are, everyone will have different priorities. For example, Netflix is worth the money to me. I use it a lot and find that I do stay in and watch it. However, to some people you might not be able to afford it or you don’t find it’s useful to you at all. Emma at Bee Money Savvy has some great tips keeping your entertainment costs low! Below I have shared a few tips I have found when cutting down my monthly expenses.
It does not pay to be loyal in this respect anyway. I switched my mums and sister electric and gas last year and this year. My sister ended up with it being less then last year and my mums the same as her supplier wanted to put it up. I did this both for them using Bulb (provides green energy) and as far as I’m concerned it’s been an easy switch. Plus if you switch and use a referral link you can both get £50 credit. If you fancy switching click for my bulb referral.
Call the Companies
Some companies just don’t like being emailed or aren’t on many comparison sites. My sister has Virgin Media WiFi (no phone line) and it was costing her £35 a month! I looked online and their offer was £50! I was shocked, so I phoned them up and they said they could do it for £26, bargain! £9 per month saved!
Threaten to cancel
This more or less works most of the time. One thing I have found it useful for is Now TV. I always go to cancel and then on the last page they offer you a deal and press keep. It’s normally for half price of the normal price!
Don’t be afraid to leave
Sometimes it’s cheaper to leave. Even with the exit fee and the amount you are paying, it can actually be cheaper to leave if you find a better deal.
I have just taken out a life insurance policy and I used Money Super Market and I remember how good it is to compare different sites! Also, if you use compare the marker (who I’m going to use for my travel insurance), you get the 2 for 1 on cinema and films!
Switch to sim only
I use to be O2’s dream customer. I would switch to a new phone every year or two – sometimes even sooner! Now I only use sim only. You get offered better deals and plus you are not tied into a contract!
Go through your bills often
Not checking your bills often can mean that you end up paying for things that you don’t really use anymore. I ended up paying for Amazon Prime when I hadn’t used it in months because I hadn’t checked my bills in the last couple of months. I went through every direct debit to see if I could make it cheaper and if in fact I did need it.
If this is something you are really keen to start, please also see Kemi’s post at Fine Steward who has lots of ideas on how to save money fast!
Please let me know if you have any tips of your own on saving money on your bills and I hope you enjoyed reading this post!