One of the advice that you will receive reading any financial advise is to check your budget and eliminate as much as needed. I thought we were on top of this; however as we have discovered there were some major savings that we found.

The first of which is our security system. This was initial purchased around 6 years ago. At the time, we had two teenage daughters and 3 very small kids in the house. Our biggest concern was not about someone breaking in but rather someone getting out unexpectedly. When we started to try to find money in our budget three years ago, one of the first things we did was call this company. We were able to reduce our monthly monitoring fee by $10 and received some new free equipment.

Over the past two months, we have again been looking at our expenses with the goal of having a total balanced ( income=expenses) budget to start 2014.

This was an easy decision for us to cancel the contract. One of the biggest factor was that the company no longer supports our equipment.  This of course becomes a problem when we need to replace a couple of sensors and the battery of the main box. Our plan currently is to keep the system in place as we own the equipment. The monitoring  by the company, ends November 30. The one feature that we will lose is that if an alarm goes off, police and/or fire will not be notified by the company.  We did end up throwing away several sensors but for the most part we still like having an alarm on the doors and most windows.

This is an easy saving of $28 a month! Keep reading because a much bigger saving and change are in the works for next week!