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Once again it’s the end of the month and the bills are here! No escape: you open up your mail box and voila the very first thing you bump onto is a mortgage bill, phone bill, water bill, and energy bill. Well you’re lucky the internet bill isn’t here yet so you breathe a sigh of relief but too bad it’s a reality waiting to happen. Monthly bills can really drain your money and send you into debts. Here are the top bills and how to reduce on them.
Energy Bills
During winter you will use more heat with your ACs. This will send your bills above the roof. Reduce on the heat loss, air seal your home. This prevents you from losing so much heat during the winter to the outdoors and less cool air during the summer. Installation can be expensive but long term benefits will be awesome. Other things you could do include the following.
· Install energy efficient lighting.
· Buy energy efficient home appliances.
· Put self timers on electric devices.
Mortgages
Mortgages and rents are another monthly bill that many people face today. In fact failure to settle mortgages bills is one reason many home owners end up losing their home. Failure to pay up rent could also lead to eviction. Here is what you can do to save you from high mortgages and rents.
· Don’t buy bigger home than you can afford especially if using a mortgage.
· Share your home with somebody (have a roommate) to share your rent with.
· In order to save yourself from forgetting consider automating your payment.
· Refinance your mortgage especially when the interest rates are on the low.
Your Loans
Too many loans can be quite overwhelming. If you have car loans running along, payday loans, and mortgages you could easily find yourself flat broke. There are a number of ways to settle your debts and loans. Here are a few that you could work with.
· Consolidate payday loans. This wraps loans and gives you minimal payment plan.
· Pay more than minimum for your credit card payments to easy the debt pretty fast.
· Get a side hustle or a part time job and use it to totally settle your loans and no more.
· Track your spending and shed off all the expenditures that are unnecessary for you.
Water Bills
Running toilets, leaking pipes and shower heads, and unnecessary washing will waste so much water in your home and leave you with high water bills. Choose these tricks to save your wallet.
· Install new faucets and shower heads if you have any leaking.
· Do only full laundry loads and possibly once every week or so.
· Same to dishes, do dishes when the dishwasher if completely full.
· Water your lawn and garden less frequently and in the evenings.
You don’t want to run into debts simply because your bills are sky rocketing! That could be quite embarrassing really. Use these tips that I have given you today and save your back from pretty many heavy billings. It works!