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How to Save Money on Your Monthly Phone Bill

How to Save Money on Your Monthly Phone Bill

Families in the United States squander around one hundred and thirty nine dollars each month on cellular phones according to J.D. Power and Associates. This is above the one hundred and twenty seven monthly in the year 2009. And based on the reports of the Bureau of Labor Statistics in 2011 household spending on cell phone services shot up by above 4.5% and since the year 2006 has increased over 20%. While there are methods to get free home phone using Google’s GV service as I talked about on this post on CorVoIP website, we are mostly talking about cellular phones.

Avoid Wireless Charges You Don’t Use

Todd Dunphy used to work closely with Verizon and he helped develop the mobile phone analytics organization called Validas. Todd has partnered with ABC News “Real Money” team in an attempt to do away with “wireless waste”, which is data, minutes, and texts that haven’t been put to use. Validas is a business that executes evaluations of cell phone utilization for big organizations, and they just lately released Savelovegive (SLG) the very same service for no cost at all to consumers. Its creators plan for the website to turn that “wireless waste” into something useful although the service is free, inviting people to pledge a small amount of their savings to charity. The company doesn’t take a cut from users’ donations. Even if you do not want to take your phone with you in case your CDMA does not work abroad, you could get same apps on your laptop through the infamous hack of emulation.

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“So you have your savings linked to a foundation for the empowerment of women we built in microphilanthropy inside the app”, according to Dunphy. You can take a bit of that savings and redirect it. Or you can preserve it all for yourself, it’s no big issue. But we developed a vehicle.

Validas claimed that when it comes to monthly mobile phone bills 80% of the American population overspend by about $200 every year. As soon as Dunphy looked over the bill of Barry at SLG, he figured out ways to save much more than that almost instantly.

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Though SLG automatically prepares an email that customers may send to their carriers to switch plans, Barry went into an AT&T retailer to switch his plan face-to-face. Because Barry changed his plan to a MobileShare with 6GB of data monthly and adding a corporate discount he’ll go on to save about $1,400 within the year.

Pro Tips to Save Your Cell Phone Bill

If you are ready to lessen your bill and make sure you have a cellphone that fits you perfectly check out some of Dunphy’s effective tips below.

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1. Let free sites figure it out on your behalf—just plug in your cellular phone number. At SLG, you log in with your carrier account information, giving the site access to your previous bills. By taking a look at usage and charges the website analyzes the bills. Once the analysis is complete it will compare your plan to other plans on hand and give you ways to switch up the plan you currently have and save. At the moment customers of AT&T and Verizon are who SLG works for, but the website expects to expand to other carriers soon. Another analysis site is Billshrink. When it came to Barry he was only utilizing 2.5 gigabytes of data each month, but he was purchasing a total of 8. By bundling talking and texting into one new plan, he could save nearly $1,200 a year. You can also check out VoIP plans to use when you are at home or even there are VoIP plans for small businesses.

2. Look for sneaky charges like horoscope texts, roadside assistance and 411.
Very small charges can be added onto your bill without your knowledge. According to research done by the Citizens Utility Board and Validas it’s over five dollars each month on average. If you notice a charge doesn’t look right call your carrier immediately to get them to get rid of it.

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3. Obtain your discount.
In order to get their employees discounts many companies work with mobile phone carriers. It’s not merely for corporate workers – teachers, government workers and even students can qualify. But the key is that you must ask for it, entering your company email on the carrier’s discount site. Examine the discount pages at AT&T, Verizon and Sprint. Barry will qualify for a discount of upwards of twenty five percent since his employer was just bought by IBM – check yours here. The discount may save him yet another $200 yearly. Dunphy told ABC News that Barry’s situation was standard.
A good deal of it is awareness, he explained. Awareness of what’s out there and then also figuring out what you use and what’s out there. It’s like going and acquiring a suit or a dress, getting it perfectly customized to you.

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Mukesh Agarwal

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Published on September 17, 2018

How Being Smart With Your Money Leads to Financial Success

How Being Smart With Your Money Leads to Financial Success

Achieving financial success is not something that just happens. Maybe if you win the lottery or something, but for the average person like you or me, it comes from a series of small steps you take over a long period of time.

With each step, you form a new smart money habit. And with each smart money habit, you build towards financial independence.

So what sort of habits can you form to get on that path? Let’s take a look at smart money habits you can start today to get you closer to a financially independent future.

1. Avoid being “penny wise but pound foolish”

It’s tempting to try saving a couple cents here and there when buying small items. However, that’s not where the real money is saved. You’re putting in extra effort for something that doesn’t move the needle.

You get the most bang when you’re able to cut down on your bigger bills. For example, finding a lower interest rate for your mortgage could save you $50+ per month. And cutting your transportation bill by purchasing a cheaper car or taking public transportation can provide large gains as well.

So, look at your recurring expenses such as housing, transportation, and insurance, and see where there’s wiggle room. It’s a much better use of your time than trying to pinch pennies here and there on smaller purchases.

2. When you want something big, wait

Impulsivity can get you in trouble in most aspects of life. Finances are no different.

It’s human nature to see something and want it right then and there. It starts as a kid in the checkout line at the grocery store, and it continues on through adulthood.

We get an idea in our head of something we want, and it’s hard not to go out and get it right then.

A good example is wanting a new car. Perhaps you’ve had your car for several years. It’s crossed the 100k mile mark. Maybe maintenance is due, and you’re annoyed that you need to replace the timing belt or purchase new tires.

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So, you get the itch.

You start digging around online, and you realize you could trade in your current car for something newer and more exciting… all for a few hundred bucks a month. Then you get obsessed.

Here’s where you have to take a step back.

Your newfound obsession is clouding your judgement. Rather than giving into the impulse, wait it out.

Set a timeframe for yourself. Maybe you come back to the decision three months down the road. See if the obsession lasts.

It might, but often, a funny thing happens. Often, you forget about it. And often, you find that the new car wasn’t a need at all.

The impulse faded. And you just saved yourself a ton of money.

3. Live smaller than you can afford

You finally get that big raise. And you want to celebrate – and why not?

You’ve been looking forward to this forever. And after all, it was all due to your hard work.

That’s fine, splurge a little. However, make it a one-time deal and be done.

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Don’t get caught in the trap that just because you’re now making more money, you should spend more.

Too often, people get more money and feel like they that gives them the means to buy a bigger house, a bigger car… you know the drill. Resist.

The fact is that living smaller than what you can afford is one of the fastest ways to build savings.

But if you constantly upgrade as you begin to make more, then you’ll never get ahead. You’ll just build up more debt along the way and have just as little wiggle room as before.

4. Practice smart grocery shopping

Food… it’s one of the biggest portions of any budget. And if you’re not careful, it can be one of the biggest drains on your wallet.

But luckily, there are a few things you can do to ensure that you stay smart with your money when buying groceries.

Create a grocery budget

Set a strict weekly grocery budget. When you know how much you can spend on groceries, you can then plan your weekly menu around it.

Once you know what all you need, you can go shopping and keep a running tally as you shop to ensure you’re on track.

I tend to do this in my head, rounding for each item. However, writing it down as you go would probably work best for most people.

Make a list… and never deviate

Never go to the grocery store without a list. If you go to the store with a ballpark idea in mind, you don’t have a true ide of what you need.

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You’re not well-researched. You don’t know what the sales are. As a result, you’re going to make decisions on the fly.

These impulse decisions will lead to overspending, which will derail your grocery budget.

Eat before going grocery shopping

It’s also important to eat prior to going to the grocery store. Hunger is a powerful force.

If you’re shopping on an empty stomach, everything is going to look good. In particular, you may find a lot of ready-made, processed snacks will look enticing.

After all, you’re hungry now and that food is easily available. So subconsciously, you may lean towards those items.

Unfortunately, not only are those items typically less healthy, but they’re likely more expensive. You pay for convenience.

However, when you eat prior to shopping, then you’ll shop with a clear mind. Your hunger won’t cloud your judgement, influencing you to make poor decisions like a cartoon devil resting on your shoulder whispering in your ear.

This makes it much easier to stick to your grocery plan.

5. Cancel your gym membership

Now that you’re all set on your food, it’s time to get smart about managing your budget in terms of physical fitness. And let’s begin by avoiding the gym. The gym bill, that is.

The average gym membership costs around $60 per month. That’s $720 a year.

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Yet, two out of three gym memberships go unused. That means two-thirds of people who have a gym membership are literally giving away almost a thousand bucks a year. It’s crazy!

I recommend seeking an alternative. One good alternative is to look into fitness streaming services.

Streaming services allow you to stream hundreds of workouts like Insanity and p90x, right in your own home for around $10-20 a month. That’s $40-50 less a month than the average gym membership.

Of course, then there’s the free option. The internet is full of free workouts that you can do on your own with minimal or no equipment.

For example, there’s the Couch to 5K program, that I personally used a decade ago to ease myself from couch potato to running my first 5K race. If I could do it, anyone could.

Then there are free resources like reddit that have limitless information on workouts. The Fitness subreddit has done all the research for you, populating workout tips and detailed workout routines for anyone to use in their wiki.

There are several routines that require no equipment. And you can join in on the subreddit to become part of the community, making it easier for those seeking comraderie and encouragement in their fitness goals. All for free.

It’s baby steps… And baby steps can start now!

I’ve never met anyone that can’t stand to be a bit smarter with their money. And on the flip side, anyone can get smarter with their money. But remember, it doesn’t happen all at once.

Begin by fighting your impulses. Prepare for the week and be smart at the store. And cut monthly expenses like gym memberships that are overpriced and you probably aren’t getting your money’s worth out of anyway.

The devil is in the details. And the details can change your lifestyle and prep you for a financially independent future.

Featured photo credit: Unsplash via unsplash.com

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