How Simply Scaling Back can Save You Thousands in 2013!

by Super Coupon Lady on December 30, 2012 · 0 comments

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Every year as January 1st rolls around, I take a serious look at the products, services, and plans we use on a daily basis in our household. This includes cable and cell phone plans, weekly grocery shopping, household utilities, memberships, and more. When I sit down and look at these products and services, the first thing I ask myself is, “Ok…what can I scale back on?” What can I cut back on and live with less, or live without?

I am always surprised by what I find. And the chances are, if you take a long hard look, there will be a number of services and items you can cut back on too, saving you hundreds, if not thousands of dollars a year. Here are some examples of products and services I have decided to scale back and save on this year!

Here are 8 simple ways to scale back and save thousands: 

Home Phone Plans

Some home phone companies charge an additional fee for features such as call waiting, voice mail, or three way calling. Look at your bill carefully; if you are being charged for these services in your plan but rarely use them, ask them to ditch the services to lower the cost of your monthly bill. The savings will add up! To read more about saving on your monthly phone bill, visit this article here. Amount Saved: $120/year.

Cell Phone Plans

I realized our plan included hundreds of minutes more than we were using each month. I was able to cut back our plan and knock $20 off my monthly bill. Some carriers will make you renew your contract if any changes are made to your plan, so be sure you know this information before you make any changes. If you don’t use the internet feature on your phone, make sure your plan does not have you paying for that service, saving you another 10% on your monthly bill by ditching it, see what you can and can’t do without in this article hereAmount saved: $240/year.

Magazine Subscriptions

Paying full price for a magazine subscription is just silly! Never renew a subscription before looking online for the best value. Never sign up for a multi-year subscription as you will be likely to find a great deal when the time comes to renew. Amount saved: $15/year.

Cable Plans

Taking a regular look at this plan saved us almost $40 a month. We realized we were paying for high definition channels, additional movie channels, and movie rentals on demand that we didn’t need.  By cutting back on the high def channels, we saved $10 a month right away. We can still watch the same shows, just not in high definition. We saved another $20 by dropping extra premium channels and by renting $1 bargain movies from Redbox instead of $5.99 movies on demand. The savings have been huge. To learn more about saving on your cable bill, you can visit this article here! Amount saved: $480/year.

 Zoo and Museum Memberships

Are you paying for a yearly zoo or museum membership? Do you go and take advantage of this membership often? If so, great! If not, get rid of it! That doesn’t mean you will never get to go again, but if you are not going enough to make it worth your buck, you are better off paying the entrance fee as needed. No sense in paying for something you are not using to its full advantage! Amount saved: $80/year.

Gym Memberships

Reevaluating this service saved us big bucks! A family membership was costing us $40 a month to use all of the gym’s facilities. It turned out we never used the pool, tanning, nutritional help, etc. We only used the workout equipment. I was able to cut our bill in half by dropping these other options. Better yet, after the winter I hope to eliminate this membership altogether and start excising outdoors for free. Amount saved: $240/year.

Groceries

Impulse purchases can cost you big. I have one favorite scale back I do each week when I grocery shop. Before checking out, I put three items back. I will not check out until I have done this. This helps avoid extra money I might have spent on impulse purchases or items I do not immediately need. By putting back three items, I easily take $15-$20 off my weekly bill. So pick three items, and ditch them! (Just make sure you put them back where you found them, of course!) To learn more about saving at the grocery store, you can visit this article here!  Amount Saved: $720/year.

Electricity

This may be one the easiest places to save money! Simple tasks such as sealing window cracks, opening blinds on a sunny day, and keeping unused appliances unplugged can save you hundreds of dollars a year! Your local electric company will share tips with you for free if you just ask. Or, you can visit this article here to find more ways to shave down that pesky electric bill. Amount Saved: $200.00/year.

So, what can you scale back on? Set aside some time to evaluate your utility and service bills, weekly shopping habits and monthly memberships. Chances are you will find at least one thing to scale back on and save big! For me, if I am able to abide by this scale back, I should accumulate a  TOTAL YEARLY SAVINGS of $2095! Wow, the savings really add up! So good luck!

Let us know, is saving money one of your New Year’s Resolutions for 2013?! 

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