It's always a good time to review your expenses and see where you can cut costs. Surely, there are some places in your budget where you can pare back or be proactive in your spending.

Here are few things to consider.

1. Electric bills

Many of us are subject to the whims of the seasons when it comes to our electric bills. It’s high in the summer and winter as we run the A/C and heater. In the temperate months, our bills are less. Some companies allow you to average your bills throughout the year, enabling you to pay a set price based on the average of your usage. The benefit is that when you are using your appliances more, and your bill is consistent. Ask your power company if they offer that service.

Also, ask them if they have a program to cycle off certain appliances when there’s a heavy need. It may not save you much money — a few bucks here or there — but every little bit helps.

2. Smartphones

If you are consistently going over your data each month and paying a fee, call the company and ask if there’s a plan that would better fit your needs. That happened to us and we gained a gigabyte of data each month for no additional cost. Also, if you do not typically go over your data usage, ask your provider if they can roll over your data for the next month.

3. Insurance discounts

Are you getting all of the discounts on your insurance that you should? Does your insurance company offer discounts for safe drivers or security systems on your cars? Does your homeowner’s insurance offer discounts for inexpensive upgrades to your home? The only way to know is to ask.

4. Always search for coupons

Never buy anything online without first searching for an online coupon. There are so many coupon sites online that there’s a good chance you might find a coupon to save 10 or 20 percent on an item just by doing an online search.

5. Build up your emergency fund

Are you going to need a new car in a few years? Will your kids need braces? Is your roof looking worn? You don’t want to be caught off guard with these major expenses, so do what you can to save now to build up a reserve.