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Commonly Overlooked Budget Expenses

4 Overlooked Financial Costs to Include in Your Family Budget

If you’ve read any of our articles you know that we believe that creating a family budget is critical to effectively managing your finances. This is especially true if you want to get out of credit card debt, since you need to be sure that your expenses don’t exceed your income. Unfortunately, many people create a budget and think everything is fine and then when the end of the month rolls around they still are “short”. This is often the result of “missed” expenses. Here are a few financial costs that are often overlooked:

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Home Automation

How to Save Money on Utilities Comfortably

When money is tight, finding ways to cut back on expenses is important. For many people, one expense that could be reduced are the utility bills. When it comes to cutting back on utility bills, many people are concerned that they will also have to sacrifice their personal comfort to save money. Fortunately, there are several ways that you can cut back on utility costs without having to be uncomfortable in the process.

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8 Tips for Saving Money on Your Utility Bill

the fourth largest expense in your home is the monthly utility bills. The typical American family spends roughly 11% of their total budget on “Utilities and Other Household Operational Costs.” The only higher expenditures are for your mortgage or rent, taxes and transportation. You actually spend more for utilities than for food, or the total of (Social Security Contributions, Personal Insurance and Pensions), or Healthcare.

Fortunately, there are strategies you can employ that help to reduce the cost of your utilities and free up more of your income. Here are six tips that you can use today and save money in the months and years to come.

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