5 Money Monitoring Tips

In today's world of finances we need to have a better handle on our money. Do you know how much you spend on that latte' per month? Simple guidelines for monitoring your money will help in the long run.

These Five Tips can help you stay on top. There is no need to continue to have questions about your finances when you can have answers. If you will only monitor a few items you could be well on your way to greater control over your finances.

1.Hang Up on High Phone Bills
Monthly savings up to: $145*Eight out of 10 U.S. families pay too much for phone service, reports billshrink.com. Use one or more of these strategies to ensure yours isn't among them. Take a message. Teens who live at home average 1,742 texts a month. Switch to a family cell plan with unlimited texting. Get smart. College students text less than high school kids. Spring for a smartphone (like an iPhone) with unlimited data if your child agrees to a limited text and calling plan. Drop the landline. Some 20% of homes have only cellphones. Maybe yours should be one. If you decide to keep the landline check the bill for hidden fees. Question your carrier about the fees.

2. Check your medical bills.
Don't assume the bill is correct. Does your insurance company pay for some medical bills? If so attached the hospital or doctor's off bill to the insurance company statement. Compare what your insurance company says is your portion to what the doctor or hospital charges. Sometimes the part the insurance company has already paid can be charged to you because of a simple mistake.

3. Check your auto insurance.
Does your auto insurance company offer you the cheapest rate. Many companies offer deals to match other companies if you find a cheaper rate. Check around for a better auto insurance rate. Did you know your insurance rate is based on where your vehicle is parked at night. i.e your residence address.

4. Check your Grocery bill.
Studies show that if you go to the grocery store when you are hungry you are likely to spend more. Make sure you do not go to the grocery store on an empty stomach. Don't be afraid to use coupons on items you buy on a regular basis. Most stores offer double coupon savings days. Check your local Sunday paper for coupon offers.

5. Check Your Internet Carrier
If you have internet service at your home or office check that you are getting the best deal. Is there a better service than the one you are using. Consider all of you choices. Bigger is not always better.

These tips are just a few to get you to see where you may be able to save. If you will take a look at your normal daily activities you may see other areas you can monitor and maybe save money. Happy Money Monitoring