Thursday, 27 February 2014

Simplify Your Bills And Save Huge Money

Sometimes we can get out of sync with our money and feel as though there is never enough to cover everything. This is when bills can pile up and it can be difficult to get by without accessing some credit.

Sorting out your bills and making them more manageable can be one way to make your money go further.

Utility bills like gas and electricity are cheaper if they are paid monthly by direct debit. Your usage will dictate what the monthly amount should be, and in most cases this is slightly more than needed so you can get a rebate or carry over the credit amount the following year. But the real advantage is that you pay a small amount each month as opposed to trying to pay a huge bill every three months. Your phone bill and mobile phone bills will work in a very similar way too.

You can also set up monthly payments for your TV license, Car tax, car and home insurance and other regular bills. Pay them as monthly payments that build up over the year instead of dealing with the shock of quarterly, biannual, or annual amounts. Spreading the costs of these bills makes them much easier to cope with and prevents you from experiencing the ‘boom and bust’ feeling of enjoying a few months with plenty of money, and then a few where you are struggling to cover everything.

Money management is a way of taking control of your finances and being in charge of them, rather than letting it be in charge of you. By doing this, you will have a much better idea of what you really have to spend and save each month. And in most cases, opting for monthly payments will be cheaper for you. It is certainly cheaper than having to arrange an overdraught or loan just to catch up on paying bills.


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