If it’s been a while since you last reviewed your insurance policies, you could get much lower monthly bills by renegotiating them. You might only save a small amount each time, but those small amounts add up. And it might seem old-fashioned, but buying in bulk using discount coupons is a great way to lower your monthly household expenses, too. Generic brands are typically indistinguishable from their brand-name cousins, but they cost significantly less. One of the best ways to keep grocery bills low is to choose generic brand foods and toiletries rather than the better-known brands that you’re accustomed to buying. Unless you manage to get to the gym several times a week, you’ll probably do better by getting out to walk or jog the streets for free and just paying per gym class when you do have time to attend. Consider cancelling your membership or letting it run out-particularly if it’s very pricey. Gyms make money because most of us buy a membership and then rarely use it. Both cards have an annual fee, but there are also good options with no annual fee, like the Tangerine Money-Back Credit Card, which gives 2% cash back on any two spending categories of your choice, including recurring bills. The Scotia Momentum® Visa Infinite* card provides 4% cash back on recurring bills that you charge to the card, while the TD Cash Back Visa Infinite* Card has a slightly lower 3% cash back rate on bills †. Get cash back for monthly billsīe choosey with the credit card you use to pay monthly bills, as some credit cards allow you to earn extra cash back in this spending category. Making your own lunch the night before also saves you money on over-priced sandwiches, and will probably taste better too. Invest in a nice, leak-proof insulated coffee mug and take your own coffee with you to work each morning. If you do need to drive, try to carpool so that you can share gas costs, and always keep your tires properly inflated to improve your mileage. If public transportation is convenient, try taking it at least a few days a week to lower monthly bills for gas. Walking or biking to work, if it’s close enough, will result in both lower bills *and* lower blood pressure. In the summer, line drying your clothes instead of running the dryer can save a lot on electricity. Turning the temperature down by a degree or two on your hot water heater, replacing power-hungry light bulbs with LED bulbs, and keeping your A/C filters clean will also bring you lower bills. An easy measure to take is to plug TVs, computers, and stereos into a power strip that you turn off easily when you’re not using them. Small changes like switching off all appliances entirely instead of leaving them on standby reduces their electricity use by 75%. One of the best ways to save money on bills is to consciously cut down on your electricity consumption. You might be surprised by how a few small changes to your routine can pile up to significant savings over time. How to Make Your Mortgage Interest Tax DeductibleĮven if you already live frugally, there are always some additional measures you can take to further reduce monthly bills.Should I Use a Personal Loan to Pay Off My Credit Card Debt?.Tax Changes Canadians Need to Know About.A Look Into A Decade of Canadian Spending.Crypto Trading Tips You Need to Know About.Should I Invest During a Market Downturn?.Investment Glossary: The Terms You Need To Know.Should You Keep All Your Money In One Bank?.Is a Hybrid Bank Account Right For You?.Best High-Interest Savings Accounts in Canada.Can You Get a Loan While Receiving ODSP?.Are Premium Cards Worth the Annual Fees?.How to Increase Your Credit Card’s Limit.How to Make the Jump From a Secured to an Unsecured Credit Card.What Credit Card Should You Have at Your Income Level?.What’s the Best Age to Get a Credit Card?.Scotiabank Passport® Visa Infinite* Card.Hotel Credit Cards That Come With a Free Night.Best Prepaid Cards and Secured Credit Cards.
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