Welcome to the first edition of Simple Savings Sunday! This is a new series that I have wanted to start for some time. There are so many people that ask me how they can save money through out their finances. I am a big fan of saving money and I think it is an important aspect of improving your financial situation. This new series is just going to discuss one saving tip each Sunday. I will just provide some simple advice that you can go and use.
Don’t Settle, Shop Around
This tip is extremely easy to do, but many people don’t do it. I am not sure why, but I attribute it to people settling. We can all get comfortable when things are going well, so we don’t think outside of the box. Thinking outside of the box is one thing that I do constantly. I don’t like to settle for the status quo. This can just make you stagnant and I am not cool with that.
This week, I am going to ask you to start shopping around in order to compare prices. Don’t settle for what you are doing. You can always try to improve your situation. Shopping around is easy to do and only takes a few minutes to maybe an hour depending on what you are comparing. Here are some services where you can shop for different options and providers.
If you don’t have heath insurance from your employer, then you are in the private marketplace. With the roll out of the Affordable Care Act, you can look around to see what plan will work for you. I recommend trying out eHealthInsurance.com as a great place to go in order to compare. Just put in some information and they can show you options.
You should compare prices at least once a year. I like to check prices every time my insurance policy comes up for renewal. Since my policy renews every six months, I check other providers twice a year. This process is easy to do, but it does take some time. Here are some of the car insurance companies you can check.
Mobile Phone Service
As I discussed before, I left Verizon because I was tired of paying the high prices. I looked around and found many other providers that could give me what I needed at a much cheaper price. I am happy that I moved on and hopefully you can find a service that will work for you. Here are some of the cheaper mobile phone service providers out there.
- Straight Talk
- Net10 Wireless
- Walmart Family Mobile
- Page Plus
- Virgin Mobile
- Giv Mobile
- Aio Wireless
- Republic Wireless
Do you hate bank fees? Who doesn’t? I know that I was sick and tired of them, so I moved most of my money to a credit union. I still have a big bank account, but I don’t pay any fees because I have direct deposit. Don’t settle just because you don’t want to inconvenience yourself. There are many great online banks that don’t charge fees like Everbank and Capital One 360. If you own a business, you also should look for free business checking accounts. I don’t pay fees on mine and never plan on it.
These examples are just a few of the things that you can save money on. All you have to do is shop around and compare prices. You would be amazed on how much you might be able to save. You can also pin some companies against each other in order to lower your costs. Just try it out!
I’ve Been Cable Free for 5 Years and Still Watch TV
While in debt, I cut cable and haven’t looked back. It’s easier than you think especially with new services out on the market. One of my favorites is Sling TV, which allows you to watch live TV on the internet. It’s awesome. Check out my Sling TV review.