20 Ways to Save on Your Monthly Bills

Lower your thermostat by up to five degrees in the winter and raise it by up to five degrees in the summer to save money.

Winterize your home by sealing off drafts and applying plastic to your windows.

Wrap your water heater in a water heater blanket.

Install a low flow showerhead and toilet to save on water costs.

Look for a cheaper cell phone plan. Consider moving to a month-to-month plan, especially if you are single.

Consider cutting cable and looking for cheap or free alternatives to help you save on how much you pay for cable.

Install a programmable thermostat to save money on heating and cooling when you are not home.

If you are buying new appliances pay attention to energy costs and usage.

Consider installing solar panels and look for discounts and community programs to help you pay for it.

Increase your deductible and set aside money to cover it when you do.

Shop for new insurance every few years. Insurance companies will offer lower rates to new subscribers.

Use available discounts through your professional associations, alumni associations and any other ways you may qualify to save on insurance costs.

Use the in-network providers on your health insurance.

Get written approval before you have major health procedures completed.

Watch your weight and exercise regularly to help you save on medical costs now and in the future.

Consider getting a roommate to save money on rent.

Buy your home when you are ready to help you save on taxes and build equity.

Sign up for automatic payments to avoid monthly late fees.

Cancel your gym membership and workout at home or go jogging. There are exercise subscriptions that offer cheaper workout options at home. Or switch to a barebones gym membership that is less expensive.

Cancel your landline if you still have one.

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