With rising gas prices, ever increasing electrical bills, fluctuating interest rates and the high cost of services like telephone and Internet access, it's becoming harder to save money on your monthly bills. Thrifty people are increasingly searching for discounts, coupons, and sales to help makes their incomes outlast their bills.

If you want to stretch that bill-paying dollar just a little bit further this month, keep reading for 5 great tips on how to save.

1. Go For Low-Flow Faucets and Fixtures.

Though the initial expense may be high, you'll save a noticeable amount of money every month simply by investing in low-flow showerheads, toilets and faucets. With contemporary technology, you're unlikely to notice a difference in functionality.

2. Install Energy-efficient Light Bulbs.

Did you know a new, fluorescent light bulb uses only a quarter of the energy that an incandescent bulb consumes, and lasts as much as 10 times longer. They may cost more, but every fluorescent light bulb will save you about $30 in electricity costs for the life span of the bulb. In a home with even just 20 light bulbs, that's $600 and a savings you can't ignore.

3. Have An Energy Audit Done on Your Home.

Most electricity companies and counties offer free home energy audit services. The auditor will visit your home, look for air leaks, poor insulation, ventilation problems, and energy drains. Then, he or she will offer concrete suggestions on you can improve your home's energy efficiency.

4. Upgrade Your Long Distance Phone Service.

Either convert your telephone to an Internet phone to cash in on free long distance or upgrade your existing long distance plan to save more each month. Other options include switching to a cell phone that offers free national calling or increasing your use of email and online chatting.

5. Clean Out Your Heating System.

For your heating system to work at maximum efficiency, it needs to be properly maintained and cleaned at least twice per heating season. If you have a forced air system, start by removing the vent covers and cleaning each one.

Then, with a long vacuum hose, reach down inside each vent and vacuum it out. Finally, replace the intake filters on your furnace, and clear out the area around your outside vents.

The basics of how to save money on your monthly bills all boil down to increasing your energy efficiency, maximizing your long distance spending, installing energy efficient light bulbs, updating your faucets and focusing on upgrading your heating system. By implementing these 5 hot tips, you're sure to start saving impressive amounts.