Sarah Toffoli: Hi! I'm Sarah with Wells Fargo and Company. Today we're discussing how to save on your retail shopping cost and your cell phone and cable bills.

When it comes to shopping, one basic principle is to consider skipping a few low-cost purchases for that one item you really value. For example, you could bypass small luxuries for a few months like fancy coffees and going out to the movies and instead, you can make your own coffee at home and rent movies.

Here are some things to consider before you make your next trip to the mall or your favorite department store. Take a hard look at your needs and your budget. Ask yourself, do I really need it? Do I need it today? What if I don't buy it now? Can I do this at a lower cost? Research thoroughly and comparison-shop before making a purchase.

Watch for sales and wait for the right price. Find the best overall value for your item and always follow up if there is a problem. Resist impulse buying and follow our tips and techniques for spending less and saving more. Limit the cash you carry and shop with your spending plan in mind. Avoid ATM fees by using your bank's ATM.

Your cell phone and cable bills are monthly expenses where you might be able to save a lot of money. Your best choice for cell phones is to compare plans with several companies and read the contract carefully before you sign.

By doing online research, you can compare the websites of the different companies, rather than base your decision on price alone. Most companies let you review your account online or phone-in for free to keep track of your cell phone usage.

Watch out for high text messaging and Web access charges which can add up significantly to your monthly bill. Read the contract before you sign and ask questions. Make sure you understand all features and fees.

In many cases, you can cut your home phone or landline. Most cell phone carriers have a plan that includes unlimited calls. Compare that to the phone company who charges fees whether you use their service or not. Whether it's your cell phone or cable service, you should shop around for the best deal or use employee discounts to save even more each month.

By bundling your television and Internet, you can often save a lot of money. This will help you control your expenses. Having a bill you can always pay on time and info is an important step in getting more out of your money.