Declare Your Independence From Your Bills

Millions of Americans live paycheck to paycheck, with more than a quarter of Americans having no emergency savings at all and almost three-quarters not having enough savings to cover six months of living expenses, according to a recent survey from Bankrate.com.

For those with no savings, monthly bills represent a huge source of stress, with money flowing out to cover payments just as fast as people can earn paychecks.

If you want to declare independence from your bills, the best strategy is to find ways to reduce how much you owe and make those payments more manageable. To celebrate Independence Day, let's take a look at five ways you can save on your bills so that you can get your financial freedom back.

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Motley Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix.