If there ever was an award for the number one bane of every adult-life, it would have to go straight to household bills.

We all get that dreaded feeling of going through the mundane routine of sorting out our bills at some point in a month. The thought of a large withdrawal of your hard-earned money, being sucked out from countless direct debits and standing orders, is an altogether depressing notion.

But as the government continue to make cutbacks, it’s only right that individuals like us do the same to. Unfortunately, the truth is if placed on an economic cycle, based on the current economic climate our economy would be sitting at the slump level. Therefore the way we control our finances must sadly follow in the same vein. Here’s some ways to cutback those pesky bills!


Unnecessary subscriptions

So perhaps you’ve noticed that you are still subscribed to the weekly magazine you used to read religiously. Dozens of unread copies are scattered around, not only money but save space in your home by cancelling that direct debit.

Wants vs. Need: Tough love

For you and your family this might be the toughest cutback. If you can handle the repercussions, ignore the possible outbursts and subside the tantrums, trying sitting the kids down and explaining very politely that instead of their favourite cereal, a store branded substitute will be the new sheriff in town. As difficult as this might be to get used to, the cost of food accounts for almost of half of all household expenses and currently needs outweigh the wants. Be on the lookout for value and bargains at all times.

Monthly outgoings:

A great way of saving money is by changing your utility and insurance providers. People are all too often happy to stay with their current providers when in fact they could be saving huge amounts of money per month. Using price comparison websites is a great way to see if you could be making all important savings. Homeowners who have some form of home insurance could benefit greatly by changing their home insurance policy holder, try looking at home insurance quotes from others to see if you could save money on your monthly outgoings.

Internet, phone and TV:

Many households can save large amounts of money on their monthly bills by bundling in their phone, internet and TV with one provider. Shopping around to find the best provider can end up saving you vast amounts of money in the long run as well as providing you a better service tailored to your needs.

Through implementing a few of these ideas, saving a bit of money to go towards the things you really need can become a realistic notion.

ABOUT THE AUTHOR:

Peter has received many accreditation's including many from the Times Online. As founder of You Could Save (2005) and What Stationers (2007) Peter regularly helps consumers and national organisation ‘save money’. He believes that the only successful way to bring people together online is to provide an open marketplace where people can all work together in a friendly, unbiased environment. You can contact Peter Millikin either through his Google+ account or via his websites.

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