4. Evaluate Your Monthly Bills
Sit down and take a long, hard look at all of your monthly bills: phone, cable, gym, etc. Ask yourself if each payment is worth what you’re getting.
How often do you watch cable TV? Can you watch all your favorite shows online for free or through cheaper streaming services like Netflix and Hulu? When was the last time you went to the gym? YouTube alone offers thousands of home-exercise videos. Do you really need a landline phone? It’s not 1996 anymore (unfortunately).
Keep only what is valuable to you and slash everything else. Then, it’s time to lower your monthly bills.
5. Renegotiate Monthly Bills
Believe it or not, many of the monthly payments you’re making can be reduced. If you’re paying student loans, for example, you may be able to lower your monthly payment to something that better suits your income.
You can also cut your phone bill by shopping around for better plans or switching to a prepaid option. When it comes to your cable bill, consumer expert Clark Howard suggests you shop the competition.
After you get an offer from another service provider, ask for an email confirmation detailing what you’re being offered and what you’ll be charged. Then, call your current provider and say you’re ready to drop their service because you found a better option. Afterward, you’ll be transferred to a customer retention specialist who has the authority to negotiate with you.