We’re all looking to save money these days. Some of us have been lucky enough to avoid taking a hit to our wallet, but most of us have been financially impacted by the pandemic, and many of the old ways of saving just aren’t as helpful right now.
One way to get some extra cash in Phoenix, AZ is with an automotive title loan. While that can help in the short term and can be a big help if you need cash right away, there are also plenty of other things you can do to trim your budget down to help stabilize your expenses.
Tips for reducing your monthly bills
Sometimes just the basic bills can be overwhelming, and it can seem impossible to just pay for the essentials. It’s not like we’re going out to eat all the time right now, so where does the money go? Well, did you know there may be ways to negotiate those bills you already pay to a lower monthly rate?
Before you do any negotiating, start with looking at recurring expenses. Those $10 monthly subscriptions can add up quickly, so look at any magazine subscriptions, streaming services and other automatic debits you have coming out each month.
Go through your monthly bank and credit card statements to see where your money is going and see what you can live without for the time being. After all, you can always sign up again when finances aren’t quite as tight.
Now, on to negotiation—did you know you can negotiate your credit card interest rates by simply calling the credit card company or bank and asking for a lower rate? This can be time consuming, and you might have to wait on hold for a while to get to talk to a real human instead of a telephone tree or chat bot, but a little mental preparation will help boost your patience here.
With a lower interest rate, you should be able to make lower monthly payments. And if you can swing it to pay at the same monthly rate you’re used to, you’ll have the debt paid off in much less time.
Negotiation also can work for recurring bills like cell phone service, internet, cable and car insurance. Again, it might take a while to get a real human on the phone here, but patience pays off.
Sometimes they will work with you if you explain that your budget doesn’t allow for you to continue to pay the current monthly rate. You can also suggest that you will change providers to one with a lower rate unless they can match it.
For car insurance, take a close look at what you’re paying for. You might be paying for full coverage or extra options when you don’t need to. Especially if you’re not driving much these days, reducing the amount of coverage might be an option for you to reduce your monthly bills.
Stabilizing your budget is a good way to keep your finances in check for the long term, but if you need cash right away, call Cash-N-Go Auto Title Loans of Phoenix today. We provide fast automotive title loans in Phoenix, AZ: 30 minutes or less, with no credit required!
Categorised in: Money Tips