I’m on a freakish quest to lower and/or eliminate our expenses in an effort to become debt free.
First thing on my list? Significantly reduce the number of times I have to apply the category “restaurant/dining” to an item in our checking account register. So far, so good. And I haven’t burned anything yet – food, pots or pans, myself…
Next up? Lowering our monthly bills.
“Reducing your living expenses so they fit within 80 percent of your income requires scrutinizing every expense and then finding the best way to reduce it. By reducing everything a little bit, you may be able to avoid eliminating any spending categories. This is going to require creativity and discipline.”
I feel like I’ve been on the phone for two weeks! I think I’ve called every vendor we deal with. Here’s how the conversation starts:
“I’m doing an expense audit, going through every bill we have and making sure we’re spending our money wisely. I’ll be getting quotes from some of your competitors and before I do, I just wanted to make sure we’ve got your best price. I also need to know what sets [insert company name here] apart with regard to services so that when I get quotes from your competitors I take into account any special or unique services you provide.”
With only one exception (our AT&T land line phone), in EVERY case, with EVERY vendor, they lowered my bill during that first phone call. Most lowered it so much I’m not even going to get quotes from other vendors because I can already tell from advertisements and web pages that my current vendor is lower. With some companies, I changed the terms of our services to fit our needs better. In some cases our payment stayed the same, but our service was better. In some cases, changing the terms of service also lowered the bill.
I’ll be writing about this process and updating this post with links to those posts. I’m also creating a category called “debt free living.”
First up? Phone service. (Saved $839.28)
Works for Me Wednesday posts prior to February 2009 are archived at Rocks In My Dryer.