Top tips on how to save money in your monthly budget

If you are like most people, you probably look at your monthly budget and are surprised by how much you spend. You can save money on your budget every month if you just know what to do. Here are the top tips on how to save money on your monthly budget.

Refinance your home mortgage. In these tough times this can be difficult to do, but if you have good credit you can reduce your monthly payment by hundreds of dollars. Check out a refinancing calculator to see if refinancing is the right option for you.

Reduce your car insurance premium. If you drive a car, your car insurance is likely a very big expense. There are things that you can do, however, to reduce your monthly premium. Raise your deductible, take a defensive driving course, and combine your home owners or renters insurance with your car insurance. These small steps could easily save you $100 a month.

Kick the habit. Whether it is cigarettes, alcohol, or that morning cup of coffee, there are habits in your life that are eating into your monthly budget. If you spend $3 a day on your habit you are wasting almost $100 a month!

Start clipping coupons. Learn how to coupon effectively. By doing things like combining paper coupons with e-coupons and then pairing those coupons up with sales, you can save as much as half off your grocery bill. If you don't want to go through the hassle of finding out where the deals are, check out sites like SouthernSavers.com and HotCouponWorld.com. These sites will layout for you where the sales are and what coupons line up with those sales. It makes saving money with coupons a 'no brainer'.

Cut off your cable or dish. If you are one of the many people that only watch a hand full of shows, why not cut your cut your cable or dish off entirely. Most shows these days can easily be found online for free, and you can get free local channels by getting a digital antenna. Do a few quick Google searches for those shows you can't live without, if you can find them online you have no excuses. Why pay $30-$100 every month just to watch those few shows?

Cut off the home phone. If you are one of the many people who have both a home phone and a cell phone, cut off the home phone and use your cell as your primary number. Home phone providers usually charge $30 a month for a service most people rarely use these days anyway. If you do feel the need for a phone other than your cell, look into Magic Jack. This device uses your computer to make and receive calls and it even gets it own phone number. Currently, they only charge $19.95 a year to use this service. That is a great savings.
There you have it! By using these tips above, you can save a great deal of money on your monthly budget. Remember, saving money on every day expenses is necessary to gaining financial peace of mind.

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