Cut Your Expenses

Cutting back on expenses means more money in your pocket. You may want to save for a house or retirement. You may have lost hours or more as a result of the COVID-19 pandemic shutdowns. Whatever the reason, there’s no need to pay money you would rather keep.

Track your funds
First, know where your money goes. You can’t control the unknown. Once you understand where your money went, you can make wise decisions on how to control and direct it.

Cut the cord
Very few people need landline phones. Most folks have a cell phone. You won’t miss it.

Cut the gym membership
For the last two months, nobody could go anyway. There were alternatives. Save your money until the gyms are open again and have proven safety records.

Renegotiate your expenses
Insurance (house, car, health, life), cell phone service and other recurring bills are often offered by more than one company. Call around and make them compete for your business. Get the best offers and return to your service provider to see if they’ll match the competition’s price. If they won’t offer the same or better deal, it may be time to switch. However, understand all the consequences of an early termination before you act.

Cut cable or trim it back
YouTube is free and loaded with content and live streaming. If you have Prime, Hulu, Netflix or Disney, you won’t miss cable. Also, if you have all the previous paid streaming services and seldom or never watch one, cut it. At least trim back the packages. The sports channels have been useless lately. Are you still paying for them?

Cut bottled water
Affordable-yet-high-quality water filtration systems can range from one-liter water bottles to pitchers to entire system purifiers. All are designed to remove heavy metals. However, most will also result in a more neutral smell and taste.

Calibrate auto renewals
Auto-payment arrangements are convenient and can save money by avoiding late fees while gaining cash-back advantages. Important, recurring bills should be on auto payment programs.
However, set up alerts to remind you when something inconsequential wants to charge you. Don’t give an unimportant computer program control of your wallet. Frequent coffee buyer cards and such don’t need unlimited access to your money.

I’ve Got Your Six!

Mark M. Hancock, GRI, MRP, AHWD
REALTOR, New Build certified
214-862-7212
DFWmark.com
markhancockrealty@gmail.com

#DFWmark #SaveMoney #budget #bills #phone #negotiate #plan #UsefulNews #value

Would you like to get the monthly Information of Value directly to your inbox? Please email your name and phone number to markhancockrealty@gmail.com. Please title the email IOV or Information of Value. Thanks!