We talked previously about reducing the cost of what you use. What about reducing the cost of what you don’t use?

1. TV

• How much do you spend on your TV each month?
• How much TV do you really watch (not Netflix, Amazon Prime or other streaming services)?
• Could your TV bill be cheaper?
• Do you really need a better or newer TV?
• Could you watch on other online or catch up services?

Changing your TV package could help you if you’re serious about reducing the cost of what you don’t use.

2. Internet

• How much does your internet access cost you each month?
• Are you using it as much as you thought you would?
• Would you be better off with a lesser package?
• Are you paying extra for an unlimited data allowance that you never get close to needing or fibre optic just for your occasional online shopping?

If so, then why not see if you could change your package for a cheaper one?

3. Cellphone

• Are you using less data or minutes than your current plan provides?
• Would a feature phone save you money?
• Could you get a better deal with another provider?
• Would a prepaid cellphone make more financial sense?
• If you can answer yes to any of these, then why not do something about it?

You’ll be reducing the cost of what you don’t use without losing out.

4. Gym

• Do you go to the gym as often as you thought you would when you signed up?
• Is your gym kit at the back of the wardrobe, unworn for months, or is it in your car ready for when you finish work tonight?
• Do work or family commitments mean you can’t go as often as you want to?

Maybe a pay-as-you-go gym will work out cheaper if you don’t  or can’t go that often.

What about heading outdoors and going for an actual run or bike ride instead of using a machine?

Reducing the cost of what you don’t use can be done without making sacrifices.

5. Other subscriptions

What other subscriptions do you have that you could reduce or cancel?

• Food box?
• Magazines?
• Software you don’t really use?

Why not have a look through your bank or credit card statements and see what you can identify and cancel.

6. Food

Perhaps you’re buying lots of vastly reduced fresh food that only lasts a couple of days and throw more of it away than you eat.

• Would it make more sense to only buy what you know you’ll eat, or freeze it?

Perhaps paying a bit more for food that will last will actually save you Money.

7. Premium subscriptions

• Do you really use your movie streaming service on 4 devices at once?
• Do you need the highest quality music streaming option if you’re listening in your garage when working on the car?
• Could you manage just fine with the free version?
• Is getting rid of the adverts really worth paying for?
• Do you really need to buy those extra levels on your game?
• Could you downgrade to a cheaper or free package?

You’ll have to make that decision.

8. Every few weeks

• Do you really need your hair cutting every 6 weeks?
• Your nails doing every couple of weeks?
• Your car detailing every month?

Or is that what is recommended to you so that you come back more frequently and spend more money with them?

What other services could you postpone for another few weeks to save money?

9. Car service

Does your car really need that:

• Summer or winter check?
• The interim service your dealer or mechanic suggested you book?

What other extras do you pay for because the dealer says you need them?

• Are you paying more than you need to because your mechanic recommends expensive branded consumables like windshield washer fluid or wiper blades?

Could you do some of the car maintenance jobs yourself?

You can top up your Windshield Washer Fluid, check the oil, tyre pressure and tyre condition without needing to be a mechanic.

You could save a significant amount of money on parts as well as labor by doing it yourself.

10. Domain names

If you fancied yourself as a .com millionaire, or online entrepreneur, have you done anything about it yet?

Perhaps the only thing you’ve done is register your domain name(s).

Do you really need to renew the domain names you bought every time you had a great idea to make your millions online? Could you live without them?

Are you also paying for hosting these domain names you don’t use and don’t need?

Conclusion

Reducing the cost of what you don’t use doesn’t have to be hard work, or mean that you don’t get what you want or need.

Thinking smarter can help you save money.

Still struggling financially? Why not learn more about Chapter 7 Bankruptcy and Chapter 13 Bankruptcy in Minnesota, see whether bankruptcy is right for you with our Free Consultation?

Contact us at 612.979.1492 now, and tell us how our Minnesota Bankruptcy Attorneys can help you today.

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