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There are plenty of ways to save money, no matter whether you have a lot of the stuff or a little. Read on to discover three simple ways to lower bills and save more money every month.

Here’s the key tip for saving more money

You need to know where to look for the savings. If you get this right, you’ll save money in every aspect of life from food, petrol, clothes and big-ticket items like furniture, mortgages and all of your insurance policies.

Tip 1: Get rid of all unnecessary expenses

  • Buying lunches when you can make them
  • Eating out at restaurants when you can head to the park for a picnic
  • Any unnecessary subscriptions where you can get the same for free (E.g Swap buying magazines for borrowing them at the library)
  • Get rid of cable TV (i.e Invest in an Apple TV or the like and watch show that way)
  • Shave down the cost of groceries by menu planning and cooking in bulk

Note: Understand you can still reward yourself

It’s OK to reward yourself once in a while, but if you are really looking to get out of debt faster, you owe it to yourself to save every single penny you can!

Tip 2: Keep a close eye on your bank statements

  • Get rid of your credit card if you can – they’re a trap
  • Replace your credit card with a debit card
  • Visit your accounts daily and check for errors
  • Reduce the rate on your credit card to 0% interest (swap companies)

Tip 3: Shop around for lower prices

  • Spend dedicated time calling and shopping around for better deals
  • Most companies will drop their prices if you threaten to leave
  • Bargain hard – every dollar counts (don’t be shy)
  • Do this for all services including telephone, internet, insurance, mortgages, utilities and everything else on your list
  • A little pain now will result in really big savings over time

Do you have any tips on how to save money every month? Be sure to leave them in comments below.

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You may not like to pay bills but you will like these tips on how to get the job done at turbo speed. Personally I liken bill paying to staring at a blank wall for 20 minutes. So I’ve found a way to put some fun into the oh-so-boring task of managing money.
If you are up to this financial challenge you can get this pesky little job done in the time it takes you to make a cup of coffee. You just need to be organised during the month so that when you attack the task of paying bills the job can be completed quickly.
Unfortunately bills are a fact of life, like having shower daily and having to do homework if you are a school kid. Some things are just unavoidable. Since bills are nasty pieces of work (they remind me of a hangover) the idea is to deal with them as quickly as possible so you are left feeling well, full of clarity and peace of mind. Since we have to spend our precious money on bills. We needn’t spend one minute extra on paying bills than we have to. After all, your time is money.

Here are my quick tips on how to pay bills fast

1. Make sure that each bill is opened (removed from its envelope) and placed in a simple plastic folder during the month.
2. Set an alert on your phone to make payments on a particular day each month.
3. When you are ready to pay bills take them out with you on your next errand run.
4. During a quiet time pop into the post office and pay them. It will take the cashier about two minutes to scan your bills and about one minute for you to swipe your card. That gives you a minute to get back to your car.

How to avoid paying bills altogether

1. Set up regular automatic payments via online banking to keep topping up your accounts. Accounts like your mobile phone, which are the same amount monthly, are good ones to set up via direct debit.
2. If you manage to set up all your account payments via direct debit you can avoid the act of paying bills altogether
3. You will need a buffer of money in your account to make sure that your direct debits never bounce
If you want ways to manage your debts and accounts better, be sure to check out my range of finance printables in the Savings Room Store. They are a great way to keep a physical record of your finances.
Got tips on managing your accounts? Leave your tips in comments below.

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Most of us will admit to being late with a bill payment from time to time, which has been confirmed by the latest research from industry experts Fox Symes & Associates. The study involving 1,201 Australian aged 18 and over, found that more than half of the repsondents were guilty of paying their bills late.
Bill Paying
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This infographic was supplied by Fox Symes

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