January 4, 2019

Make $100 today Managing your Debt

Did you know that you can easily make $100 today just by managing your debts? Read my post to find out how.

How can you make $100 today? That makes no sense right? The best way to make money is to not spend money right? When I buy something and I do not have cash, I look at the actual cost. It helps me put it back unless I really need it. That is one of the ways I got out of debt. I became debt free. I paid attention to what I was spending.

This is how you will make $100 today. You will spend less. How you ask?

You should have completed your budget by now. If you didn’t read and complete it. >>> How to live without debt

Then you were asked to write your goal in this post >>> Ways to resolve debt

Once you have done that I shared how to reduce stress to reduce debt.

Now, I will tell you how to make at least $100 today.

You will pull out your budget. The one you made using your calendar. >>> How to save money by using a calendar

You see all those places you spend money. You will start to call them. The first one I start with is my car insurance. If you haven’t bought a new car. You should be able to reevaluate the value of your car insurance. This should save you at least $20 may be a year and perhaps a month. I just did this, and I knocked $150 off my yearly bill. I literally looked at my miles on my car to see how much I have traveled. Then I can be honest about my usage of my car/ cars. We pay tax on our cars in Virginia so I look at what I spent last year on tax on my cars and I start saving toward that bill. I save 5% less so my cars will depreciate. I put that on my spreadsheet.

The next place I save is on my internet and cable. I called around to find the best deal. I realized by bundling my cable and internet I saved $30 a month. That is $360 a year.

Then I called my cell phone company to figure out if there is a better plan for our actual usage. I didn’t know they offered a veteran discount so I submitted our documentation and I will receive a $40 a month credit. That means I saved $480 a year. I also lowered my husband’s plan since he uses his work phone. That saved me $10 a month or $120 a year. It will take some time to see the $40 credit, but I got the paperwork started. I also had a phone that needed to be paid off so I paid the remaining $40 so that would lower my bill going forward by $10 a month. I honestly forgot to pay it off after I bought the phone then I got used to paying. If you buy the phone and let it go on your bill for a month and then pay it off in full it is cheaper than paying it off in full at the time of purchase. I am not sure why now because my brain isn’t working but I normally buy a phone let the cell phone company charge me the installment the first month and then I pay in full.

The next thing I did was call the company that charges me to rent my propane tank at $99 a year. I told them after 14 years I have more than paid for it and I requested a lower price. They are checking back with me. It doesn’t hurt to ask.

I found that my water bills were absurd at almost $200 a month and my power bills averaged $300 a month. That prompted me to start researching a water barrel and the cost to insulate our room over the garage and add its own heating/ air conditioning unit. It may cost money now but we intend to live in our house for at least 10 more years so it would be worth the investment. I will also call the water company to see if there is a leak or if they are just dispensing liquid gold. (I had both bills set to auto pay out of my husband’s account so I didn’t know until yesterday what we were paying when I went and looked at all his accounts for my year in review.) I am also looking into solar panels.

I actually project what we will spend and then I see if I am close to my projection.

I want to know who you called and what you saved today? Do you also intend to invest in something that may save money over time?

Learn How To Start Building An Emergency Fund that will help you manage no matter what happens in life! Our tips are ideal for keeping you in budget!

Make $100 today Managing your Debt

Related