Friday, December 9, 2016

The Best Advice To Help You Pay Your Bills On Time, Every Time

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Everyone seems to worry about their bills nowadays. It feels like as the world gets older, we start getting more and more bills that need paying. The costs rack up, and it can become difficult for some to pay all their bills on time.

Well, I’ve got some words of wisdom that will help you pay your bills on time, every time. Check out what I have to say, down below:

Price Comparison

Before you read any other advice in this article, you must pay attention to this first tip. A simple way to make bill paying easier is to compare prices on everything you need.  Your gas, electricity, phone bill; you name it, it can all be compared. The purpose of this is to see if you’re paying over the odds for what you’re getting. If you’ve been with the same provider for many years, then other providers might have brought out better deals since you signed up. In which case, you’re missing out on a cheaper deal and are paying more than you need to every month.

Compare prices on everything and try and get on the cheapest tariffs possible. Seriously, you’ll be amazed by how much money you could save each month by comparing bill prices. If you pay less for your bills, then you’re making them more manageable every month. Less money has to come out of your account, and there’s more chance you’ll have enough money to pay your bills. If you add up all the money you could save on all your bills, you’re probably looking at hundreds of dollars that no longer have to be paid every month thanks to your savings.

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Be Energy Efficient

Generally speaking, your energy bills will be the biggest burden on your life. For those that don’t know, an energy bill is made up of your gas and electricity usage each month. Some people may have their gas and electricity supplied by two different providers. However, it’s often much cheaper when you get a bundle deal from the same provider. The problem is, modern people waste so much energy in their home. The more you waste, the more money you will end up spending on your energy bills each month. If your energy bills are high, then it could mean you spend too much and can’t afford to pay your other bills. Another issue with energy bills is that the monthly price can fluctuate depending on usage. So, every light you leave turned on can soon contribute to a huge charge for one month.

This is why you need to be more energy efficient as it will help you save money on your energy bills. Not only should you turn lights off when you’re not using them, but you should also use LED light bulbs as they’re far more efficient and consume less power. Along with your lighting, you should use appliances that have ‘eco-friendly’ modes and consume less energy when in this setting. Also, ensure everything is turned off and unplugged when not in use. During the winter months, many people rack up astonishingly high energy bills because they have their heating on all the time. This drives their gas bill through the roof and can make it unmanageable. Naturally, it’s colder in the winter, so it seems normal to turn the heating on whenever you feel a chill. However, there are so many other things you can do to save on your gas bill and make it more manageable. Firstly, a simple trick is manually turn off the radiators in rooms that people aren’t in. For example, if everyone is in the living room and you want the heating on, there’s no need for it to be on upstairs. All radiators will have something you can adjust to essentially turn them off and ensure no heat gets used when it’s not needed. Other simple things you can do include buying a small electric heater as it consumes far less energy and wrapping up warm in multiple layers with thick socks and fluffy blankets. This minimizes your need for the central heating to be turned on and can lower your gas bills.

By applying all these tips, you’ll be more energy efficient and can lower your electricity and gas bills every month. Remember, if you’ve compared prices and got on the best tariff then you should already be saving money. Combine this with energy efficiency and these deadly bills will hurt you no more.

Borrow Money

There may come times where, no matter what, you just can’t afford to pay all your bills this month. You’ve applied the above two tips, but other things have factored in to make life more difficult for you. There could’ve been a family emergency that caused you to spend a lot of cash all in one go. Or, you might be facing an expensive month where more money is spent than usual. A great example of this is right now, in December. We all know that this is the most expensive month for most people in the country. We’ve got to go out and buy Christmas presents, cards, decorations, food - the list goes on! With so many more outgoings, it means our account balance is running dangerously low, and we don’t have the funds to cover all of our monthly bills.

If you find yourself in a scenario where you’ve faced an expensive month and paying your bills seems out of reach then don’t worry. You can still cover the costs of your bills, pay them in full, and not worry about late fees or additional interest. All you have to do is borrow money from someone or somewhere. If you have generous relatives, they may help you out with a short loan to get you through the month. Understandably, your relatives might have their own money problems and be unable to help you out. In which case, you could look for something like a cash advance online to help you pay the bills. All you need is a small loan to cover what you can’t pay by yourself. Once you get over this small hump, you can repay the loan, and things get back to normal. By no means am I saying you should do this every month. Borrowing money is something you should only do when you have an expensive month that’s out of the ordinary. If every month is extremely expensive, then you have to address your expenditure before you look at borrowing cash.

Spend Less

As I just touched upon in the point above, some people might have expensive months all the time. The spend too much and find it hard to pay all of their bills throughout the year. The simple answer to this problem is to spend less. Start creating budgets to ensure you don’t go over the top when purchasing things like food and other essentials. Try and go to cheaper grocery stores and get discounted food that tastes just as good as the expensive stuff.

When you cut down on your spending, you can make it easier to pay your bills every month. Plus, you’ll also save more money too. So, you can start building up a savings account that’s there to help you in case of emergencies. There’s no negative side to spending less money, it’s only positive.

This advice is all you need to start paying your bills on time. One final point I’ll make is that sometimes a monthly contract isn’t the best option. For example, you might be best suited to pay as you go phone contracts or energy tariffs and never have to worry about monthly bills again. This isn’t a good option for some people, but, it’s worth looking into pay as you go to see if it suits you.

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