Its almost that dreaded time again, Christmas, and, if you’re like me, you just can’t wait to spoil the kids with everything they want.
But, as any parent knows, Christmas can be quite expensive. If you’re already living paycheck to paycheck , you may be unsure of how to even come up with enough money or may be thinking of getting another job.
Here are bills almost everyone can cut down on now to save money for Christmas:
1. Cable – Did you know companies like Directv actually allow customers to suspend their accounts for up to 6 months at a time? Suspending your account cost you nothing and when you’re ready to get your cable back its just a phone call away. Suspend cable for a few months and sign up for a streaming movie network like Netflix.
2. Cellphone Bills -Most cellphone companies have gone to the NEXT type plans where you pay monthly on your phone and are supposedly not under contract. Well, that means you can change your plan how often, whenever you want. Paying for too much data, you can easily cutback on your plan and save money.
3. Insurance – You know those annoying lizard commercials about saving you a ton of money on car insurance? Well, they’re technically not wrong. Just by checking with different insurance companies, people have been able to save hundreds of dollars a year.
4. Electric Company/ Natural Gas / Heating Company – Most states if you make a certain amount of money a year, you qualify for a thing called energy assistance. This assistance helps pay part of your electric bill and/or pays for your heating source for the year. These companies may also have a program to fix broken doors and windows and insulate your house to also save you money on heating cost throughout the year.
5. Bank Loans – If you’ve had your vehicle or loan for a few months through the same bank, some banks will actually allow you to skip a payment. This option is usually not free and will add an extra month onto your loan, but for a small fee you can skip your next car payment without penalties.
6. Credit Card Payment – If you’re one of the lucky millions of Americans with credit card debt, you may actually be able to save money on your payments. Granted, it may not be as easy as it sounds. For some, just calling and talking to your credit card company will get a lower interest, but others you may actually have to apply for a new credit card with lower interest and then transfer the balance. If your credit card’s interest rate is high, I highly recommend checking out this card from Chase which offers 0 percent interest for the first year.
*Disclosure – I am not a financial planner and these tips are only what my family and I have used in the past to save money. For financial advise, please speak with a financial planner.