After your regular bills and debts, like mortgages, student or car loans, the vast majority of people spend the most money on communications and media products and services.

That is of course a part of our everyday lives and in most cases necessary, but many times we buy more product or service than we need or use, and there are a number of ways to bundle or cut back on these to save a significant amount of money, which you can of course than use to build up your savings or use to invest.

Here are several tips on what you can do to cut back on your media, communication or electronic expenses:

Bundle your services

Amazingly, a lot of people either aren’t aware of or don’t bother with having their cable TV, Internet and phone services bundled.

It’s really simple, just call you your providers and ask if they bundle them together, and what type of savings you’ll get if you buy their services that way.

From there, just do some comparison shopping to find the best deal and service and make you decision and do it.

Depending on how much service you’re talking about, this can save a lot of money in and of itself.

Another great things is you save time and money through the convenience of paying for it all in one bill too.

Cable itself

Here’s one you can definitely save on when you think it through a little. This works well for someone who has a lot of extra premium channels and other services which you may never or rarely use.

Just take inventory of your lifestyle and see if the extra services are worth what you’re paying. If you don’t use them much, I’m sure having dozens of TV channels and the ability to watch TV or movies on the Internet is more than enough for even the most rabid TV or movie fan.

Magazines or newspapers

There are a lot of people that of course have already done this, but why pay for a magazine or newspaper when you can find everything you would ever need online, or secondarily on the TV if that’s your choice.

Sometimes a small town newspaper offers some value, but overall, magazines and newspapers carry the same stories you find on the Internet through a variety of devices. Why pay extra for print media?

Telephone and cable bills

Go through your telephone and cable bills and see what it is you’re paying for. There are so many extras you may have signed up for that you may have forgotten and never use them or have no need of them.

This could include music channels on cable or all those fancy extras on the phone you never use or care about; whether it’s a land-line or mobile phone.

For the mobile, just think texting and you could get rid of a lot of money spent you never need to.

Mobile Phones

Speaking of mobile phones, here’s a place that most people can really cut back on, depending on your lifestyle.

You may even have a couple of plans which are costing you a lot of money. If your primary purpose is for emergencies, don’t get hooked into all those plans with large monthly fees or minimum payments.

Again, go through it all and look at your actual practice and lifestyle. You may be surprised that you’re paying for services you never or rarely use, and usually they’re at hefty prices when added together.

Internet Access Speed

While many of us always want to think we have a need for speed in many things we do, in the case of the Internet, again, it depends on what you’re using it for.

If you’re a heavy user like me, and use it for video, and to a lesser degree – audio, then you may not have much choice as to what you pay. But if you use the Internet for mostly reading and communicating with others, you can easily get a plan for less and save a lot of money with less speed.

You could experiment a little with a slower cable Internet speed, as a number of people say they’ve lowered their Internet speed and really haven’t seen any change in the experience or performance while surfing online.

Conclusion

No one will be able to do all of the suggestions above, but just do a couple of them or think of other things you pay for in life which you rarely use or need, and you could come out with a nice amount of money saved you can than use to save or build your wealth.

Tags: save money, saving strategies, savings, Savings Tips

This entry was posted on Tuesday, February 16th, 2010 at 7:00 am and is filed under tips. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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