Debt Reduction 101
Quick Tips To Reduce Your Expenses

The ultimate objective of these debt reduction tips is for you to take the money you save and use it to pay down your debts. What makes this plan so brilliant is that you’re utilizing funds that you already have. It’s a simple plan actually; you find better deals on bills and use the extra money wisely. This plan has been used by millions of debt laden consumers because it works. Let’s take a look at some of the most prominent debt reduction tips.  

Debt Reduction Tip #1 - Home Telephone Service
This is an area that most people are throwing away a lot of money. If you are using the POTS Plain Old Telephone Service, I don’t even have to look at your bill, I know you’re paying way too much. In this technologically advanced age, the move is to go VOIP, Voice Over Internet Protocol. If you have broadband Internet, look into switching over to VOIP. Your options are unlimited with the number of companies you can go with. This switch will definitely save you money. I know of businesses that cur their costs by $235.00 per moth switching to VOIP and I know residences that easily saved $45.00 to $110.00 perm month after they switched.

Debt Reduction Tip #2 - Electric Bill
There are a number of ways to reduce your electric bill. The first one is should be pretty obvious and that’s performing a home energy loss audit. This audit help you determine if you are wasting money on heating and cooling. You should also think about enrolling in a load management programs or an off-hour rate program if it’s available. Next, you should swap all of your incandescent light bulbs to the knew energy saving florescent bulbs and remember, if no one will be occupying a room, turn off the lights!

One final thought on reducing your electric bill, you should really consider upgrading to a wind generator system. This move can dramatically reduce your electric bill and in most cases, eliminate it altogether.

Debt Reduction Tip #3 - Grocery Shopping
This is where you can experience some huge savings. First and foremost use those grocery coupons. You’d be amazed at how much money they’ll save you. Next, use the discount stores such as ALDI’s, Food Depot, Family Dollar Stores, Dollar Tree, and other major discounters. You will save hundreds potentially thousands of dollars a year by shopping at lower-priced stores.

Debt Reduction Tip #4 - Checking Accounts
If you have a checking account that charges a monthly fee if you go below the monthly minimum balance, its time to switch to a free checking account with no minimum balance requirements. This should save you a minimum of $60.00 to $72.00 or more per year.

Debt Reduction Tip #5 – Cable and Satellite Television
This is another one of those areas in which time has changed. With the advent of the Internet there are download services in which you can download the all the movies your hearts desire for a one-time charge as opposed to paying a monthly bill. That switch alone could save you hundreds of dollars per year.
 

We have more debt reduction tips to come....