Are you having trouble paying your rent, mortgage, or car payment? If so, it may be time to cut some unnecessary expenses so you can meet those needs. See how now.
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What do your rent, mortgage, or car payment have in common? They’re necessary expenses that you must pay every month. If you don’t, you won’t have a roof over your head, and it will be challenging to get from point A to B.
Those are examples of expenses that cannot be cut. There are others, however, that you can cut so you can meet your monthly requirements. They come in the form of your phone, Internet, and TV bills.
In this article, we’ll look at what you can do today to reduce unnecessary entertainment bills. Once you do, you’ll be able to breathe a sigh of relief by having extra cash for your home, car, and any other necessity.
Downgrade Your Cell Phone Plan
Chances are, you could do without a pricey cell phone plan. It may not be what you want, but if times get tough, you’ll have to start thinking in terms of what you need. Frame your thinking in this way, and it won’t be so hard to get rid of that overpriced plan.
Prepaid plans can be had at a fraction of the cost of regular ones. Even better, they won’t tie you down to a contract. Shop around among the big names in cellphone carriers, or you can look to smaller, local options to fit your needs.
Ditch Your Home Internet and Use Your Phone’s Wi-Fi Instead
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If downgrading your cell phone plan to a cheaper prepaid option isn’t doable, try making the most out of your situation by becoming creative. How? By getting rid of your home’s Internet service and using your smartphone as a Wi-Fi hotspot.
Will this move work for everyone? No. It’s best for anyone who doesn’t use the Internet for streaming movies, music, downloads, etc. If you’re a light Internet user, however, it can mesh perfectly with your lifestyle.
Cut Your Cable
There are so many options for entertainment nowadays, that cable is starting to become an afterthought. If you decide to keep your home’s Wi-Fi, make the most out of it by taking the streaming service route.
Netflix and Hulu have loads of streaming content to keep your eyes entertained. There are other options as well that can replace cable with ease.
If you’re not a big fan of streaming services or would like to part with your Wi-Fi, keep your cable. Take a look at your channel lineup, though, and decide if you need so many options. You can downgrade your package to reduce your monthly bill.
Call Your Providers
It’s one of the oldest tricks in the book, but it still works. All you have to do is pick up the phone and call your phone, Internet, or cable provider and tell them you’d like to cancel. To keep you as a customer, they may offer a lower bill.
If they don’t, at least you tried. And you can also shop around to see what their competitors are offering. If it’s something cheaper with the same features, it could be time to jump ship.
Jordan has worked as a mortgage lender and real estate agent. He is a self-described “housing professional” with over 20 years of experience in the industry. After retiring at the early age of 50, he shifted his focus to sharing his personal wisdom with others.