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Some people identify savings by making a budget and other people do it by finding cost cutters in their current expenses. And if you’re living paycheck to paycheck, then you are looking for ways to save money on a tight budget.

If you’re running low on cash and you don’t have a monthly budget planner, here are some quick and easy things that you can change in your life that will save you money. Each of these ideas can save you hundreds of dollars every year.

Here are 7 incredible cost cutters to try:

1. Cancel Your Cable Subscription And Switch To Alternative Programming

Savings: Over $1,000 Every Year

The cost of a cable television subscription makes absolutely no sense — especially if you are living paycheck to paycheck. The average American household is paying roughly $1,200 a year just to watch television.

Our solution: Cut the cable cord and switch to an alternative way of watching television. Between streaming services and other types of hardware, you’ll save a lot of money.

Here are some of the top alternatives for cable:

2. Cancel Your Cell Phone Plan And Switch To An Express Phone/Pre-Paid Plan

Savings: $455 Every Year

Over half of cell phone users are spending $1200 a year on their phone and service. Instead of spending that money on a new phone or an expensive service, here are two things that you can do that are great cost cutters.

First, buy an express version of your phone instead of the latest version. Android and other popular phone manufacturers make express versions of their phones that work just as good as the best thing — but at fraction of the price. Instead of spending $700 on a new phone over two years, you’ll only spend $150.

Here is an example of an express phone: http://amzn.to/2gKpQqR

Second, sign up for a pre-paid version of your current service. You’ll save $10-$15 every month, which adds up to over $200 a year in savings.

3. Switch Your Investments To A Robo-Advisor — Among The Ultimate Cost Cutters

Savings: Hundreds of dollars every year

The days of paying a financial advisor so that they can manage your account are gone. A robo-advisor can do everything that a financial advisor does — but better.

A traditional advisor can charge you 1 percent to 2 percent every year to manage your account. A robo-advisor on average only charges .25 percent to .50 percent. Over the course of many years, that could mean tens of thousands of dollars in asset management fees saved thanks to this technology.

Click here to check out a Robo-Advisor — and your first $1,000 is FREE.

4. Refinance Your Student Loans

Savings: Hundreds of dollars every year

There is over over $165 million in private student debt in the United States. This entire problem worsens because of high interest rates for students. Some people pay as much as 12 percent!

Thankfully, you can refinance your student loans. For example, someone with a 6.8 percent interest rate and a $50,000 loan can knock their rate down to 4.82 percent. Over the next 10 years, this person would save over $6,000.

Click here to try the FREE LendEDU Student Loan Refinance Comparison Tool to see how you can save money.

5. Sign Up For A Low Cost Meal Plan

Savings: Thousands of dollars every year

The average American spends about 12.5 percent of their budget — roughly thousands of dollars — on food. This includes expensive trips to restaurants and costly trips to the supermarket.

Instead of wasting of money and time when it comes to meal planning, check out a service like $5 Meal Plan that gives you a full week of healthy food options for about $2 per person. This service will allow you to cut back on food costs every single week.

And here’s the best part: sign up today for a no-risk free 14-day trial.

6. Replace Your Thermostat With A Programmable One

Savings: Half of your electric bill for A/C

Americans spend $29 million every year on electrical costs as it relates to air conditioning. A programmable thermostat will allow you to slash your energy costs for air conditioning by about 50 percent.

This programmable thermostat is only $19.29 — http://amzn.to/2gprO3h

Additionally, you might want to try to replace your light bulbs with energy efficient ones because they can also lower your energy costs.

7. Bundle Your Home and Car Insurance



Savings Up to $782 every year

If you already own a home and a car (and you’re paying insurance on both) then you might as well bundle them together in one policy. This is one of the quickest ways to save money and it is a true cost cutter.

One average, people who bundled their policies together saved about 16 percent every year.

Take advantage of these savings by bundling both home and auto insurance today.