Gen Z Guide to FI

$$ Bills yo!!!

Today’s post is on how to reduce your fixed expenses with minimum effort. For starters, let’s talk price creep. Price creep is when prices rise slow and steadily. Your phone bill goes up $5 this year. Then, $15 the next year. Until you’re paying some ridiculous amount per year.

Price creep is the enemy, my friends! It eats into disposable cash. Because it’s such a “small” increase, most people (including me) ignore it.

But the last straw for me was getting a random $4 increase in my WiFi bill last month. My WiFi bill has gone up from $35 to $62 in the last 2 years and I really just let it happen. I was like what the hell is this for? No more!

I was reviewing my finances on Mint last week (great finance tracker, I love having all my accounts in one place) and I noticed a tab for bills that I never really opened before. Basically, Mint works with BillShark to get your bills reduced. You only pay BillShark if they’re able to reduce your bills. I was like why not? I put in my Xfinity WiFi info & voila they saved me $20. I pay BillShark $8 for finding me free money and this leaves me with found money ($12 extra per month).

That might be small for most people but imagine doing this for all your recurring expenses: WiFi, cellphone, or cable (does anyone use cable anymore?). It adds up! Considering this process took exactly 5 mins to do, I love the savings.

A similar process here would be shopping around for insurance every six months. I got Jerry.ai to reduce my car insurance from $250 to $140 a month. Also, yes, I pay a lot for car insurance lol!! I haven’t had my license for that long. I do recommend getting the Jerry.ai app as well. It’s definitely lazy girl ways to save you bunch of $$. There are no fees to use Jerry.ai (at least to my best knowledge). So what do you have to lose? Take action! Don’t let price creep win. Keep your money in your wallet my Fire Babies.

xoxo genZ Fire Baby