How to Shave $800 Off 1 Bill — Plus 3 Other Bill-Slashing Secrets
COVID-19 isn’t just a threat to your health — it’s been a killer for the economy as well. Millions of us are struggling to pay our bills.
One-third of Americans have had to dip into their savings or retirement accounts to pay for bills during the coronavirus pandemic, according to a new Pew Research Center survey. Only a third of adults laid off due to COVID got their jobs back, and 50% of adults laid off due to coronavirus are still unemployed.
So if you’re having trouble paying your bills, you’re not alone. We’ve got four quick tips to help you make ends meet:
1. Cancel Your Car Insurance
Here’s the thing: your current car insurance company is probably overcharging you. But don’t waste your time hopping around to different insurance companies looking for a better deal.
Use a website called EverQuote to see all your options at once.
EverQuote is the largest online marketplace for insurance in the US, so you’ll get the top options from more than 175 different carriers handed right to you.
Take a couple of minutes to answer some questions about yourself and your driving record. With this information, EverQuote will be able to give you the top recommendations for car insurance. In just a few minutes, you could save up to $610 a year.
2. Switch to a Discount Phone Carrier
We’re all familiar with the big wireless companies: Verizon, AT&T and T-Mobile/Sprint. We’re also familiar with the hefty bills they hit us with each month.
But here’s the good news: Discount cell phone companies are becoming more and more popular, giving the Big Guys a run for their money. And, in fact, many of these discount carriers run on one of the major carriers, so you can still get reliable coverage — but at a steep discount.
Consider switching over to a discount carrier like Twigby, Tello, Mint Mobile or Cricket Wireless. In most cases, you can do this all online, and you can even keep your current phone!
3. Unplug the Vampires
Those sneaky energy vampires — the devices that suck away energy when you’re not using them — can make up as much as 20% of your monthly electric bill.
Turn any corner, and you’re likely to find a vampire. Your coffee maker, your cable box, your phone charger… Once you identify these lurkers, simply unplug them when not in use.
Pro tip: Invest in a few power strips. Rather than roving around your house and unplugging each device, simply plug everything into a strip and flip one switch.
This simple move could save you a good chunk of change this year.
4. Shop at Cheaper Grocery Stores
Sure, high-end supermarkets are super nice. Whole Foods and The Fresh Market have delicious prepared food and have great-looking organic produce. Regional chains like Publix and Harris Teeter and Giant Eagle and A&P have a lot of dedicated fans, too.
But their prices are higher. It’s just a fact. You’re paying a premium for that shopping experience.
Switch things up and see how much you can save by shopping at a discount grocer like Aldi, Costco or Trader Joe’s.
Maybe this requires changing your routine. But nothing about 2020 is routine.
Try these tips and see how much you can cut from your monthly bills. Because these days, a lot of us need every last dollar we can get.