For most of us, managing bills isn’t ever a fun topic. It’s even less fun during times of struggle.
If you’re anything like me, you’re watching every penny right now. We’re thankful to still have a steady source of income. However, the current reality keeps all of us sober to the fact that any situation can change at any moment. And while dollars we budgeted for things like gas and dining out remain untouched, our grocery bills increased. Add to that celebrations like Mother’s Day, Graduation, and Father’s Day just on the horizon. I’m seeking to save in any possible way.
In particular, there are some specific ways to save on everyday bills – things like utilities and insurance – during these unique times. And if you have lost your job recently or have been furloughed, you may qualify for special assistance, too. Most companies are passionate about keeping service on for those traveling through economic uncertainty. Here’s what you need to know about managing bills during times of crisis.
Household Basics
Many Americans are home more than perhaps ever before. That usually results in a higher usage of all utilities – water, power, heat, perhaps cell phone data, etc. While you don’t have to sit at home in the dark all day and night, it is smart to be intentional to reduce an increase of use.
Abide by simple basics like turning off lights that you’re not using. If you have a programmable thermostat, set it to adjust automatically at night and then snuggle in under a blanket. Plug TVs and other electronics into a powerstrip at night so that you can easily shut them off to reduce your energy bill.
If you’re looking for a home project, you might consider doing things like cleaning out your dryer vent. Or perhaps, consider replacing some of your light bulbs with LEDs. It’s smart to make good use of your time at home to decrease your bills both now and in the future.
For more ideas, check out 5 Quick Ways to Save Money on Your Utility Bills.
Insurance
This week, many major auto insurance companies announced they’d be issuing a credit on customers’ bills for the months of March and April. Liberty Mutual, State Farm, Allstate, American Family Insurance, and more all have specific percentages or one time credits.
Begin by checking to see if your insurance provider is offering such a discount or refund. Being aware of such changes might help you obtain some margin in your budget. If your insurance company is not among those in the ranks providing relief, it’s a great time to reach out and remind them of what’s going on in the greater market.
You have all the leverage to either switch to another company or bargain for a reduced rate. It might be that you could actually secure a better rate and coverage through some simple investigation.
For more ideas, check out 31 Debt Free Missions: Change Your Car Insurance.
Cell Phone Service
Early on, in mid March, many cell providers agreed with the prompting of the FCC to “Keep Americans Connected.” This led them to increase grace periods and reduce or eliminate late fees. Some companies like Verizon even increased data plans for no additional charge.
Odds are good you won’t have to “do” anything to take advantage of these savings. However, I can’t emphasize enough that you should actually read your cell phone bill on a regular basis. Be sure you’re on the right plan for you. And if you’ve got any extra time on your hands, call and talk to a customer service representative to see if there are better offerings available.
For more ideas, read The Best Ways to Save Money on Cell Phones.
Internet Service
As people stayed home, their entire worlds moved online. Work, school, friend gatherings, entertainment, even working out is being powered by home internet services, unless you can’t quite afford all of the above.
If you have a elementary, middle school, or high school student at home, but no internet service, you need to reach out to your local school corporation. Many have technology like mobile hotspots that you can borrow while your child is working to finish the school year. If your child receives free or reduced lunch prices at school, they may also qualify for reduced Internet service rates, as low as $10/month. Check with area providers for programs they may have available.
You can improve your Internet connectivity by rebooting your router on a regular basis. Check for any firmware updates for your router, too. You may even want to think about unplugging overnight.
For more ideas, check out 7 Tiny Habits to Start TODAY to Save MORE Money!
If you’re in crisis and don’t know where to begin, in Indiana you can always dial 2-1-1. Or go to Indiana 211. You can find housing and utility assistance information and much more.
With any of your bills, being proactive is key. You must reach out to your providers before you fall behind. Don’t allow procrastination or fear to dictate your future. Make a phone call and be your own best advocate.
Our new book Your Money, Your Marriage is now available! Be sure to check out videos on managing money together on Facebook.
My book is now available: Slaying the Debt Dragon: How One Family Conquered Their Money Monster and Found an Inspired Happily Ever After. You can also check out The Debt Free Devotional
This post contains an affiliate link. That means when you get a great deal, learn about a way to save, or maybe even something for free, I may end up making a small commission. All prices are subject to change.
