You may have looked at your budget recently and thought: where can I save some additional money? Cutting out items like that gym membership or cable can go a long way, but have you tried reducing your current monthly bills prior to getting rid of a service? If you haven’t negotiated your bills before or haven’t negotiated your bills lately, then this post is right on time!
Check out these 6 bills that you need to negotiate to save more money!
Cable or Satellite TV
If you are like me, then you signed up for your television service (cable or satellite) while there was a special promotion going on. You know, that plan with all the tv channels you watch (and even more that you don’t watch) for a special rate. After your introductory rate expired, what did you do?
After the introductory period expires, I always call the television company and ask what new promotion is going on that I qualify for. If there is no current promotion, then I look at the services that I am currently receiving and figure out if I really need them all. Do you need those premium channels if you only watch HBO once a month? Do you need the HD channels when you don’t even watch shows in HD?
Similar to television services, internet can be negotiated as well. Do you have the ultra-fast internet speed meant for streaming movies and games, but you only mildly surf the web? Don’t hesitate to call your internet provider to see what discount they will provide. Also, ask if they offer a discount associated with combining various services (i.e. internet package with television and/or home phone service).
Have you looked at your cell phone bill lately? Are you paying for minutes that you never use based on an older plan? Is it better to go with a low-cost provider? I reviewed my cell phone bill last week and realized that I have been paying for roadside assistance even though I have roadside assistance through my car insurance. Even though it was only a small discount on my plan, it will amount to savings over time.
I have had the same cell phone plan for at least 6 years! I reviewed my cell phone bill last week and realized that I have been paying for roadside assistance even though I have roadside assistance through my car insurance. Even though it was only a small discount on my plan, it will amount to savings over time. Make sure you aren’t paying for minutes or other services that you are no longer using.
Car Insurance is one of the easiest bills to negotiate. Most likely, you received a few quotes for car insurance when you got a new vehicle or moved and haven’t checked on the rates since then. Make sure to give your credit card company a call to see if you qualify for any discounts like a multiline discount or good student discount. I always call around for new quotes on my car insurance every year or so to make sure that I have the best deal.
Gym Membership/Personal Trainer
For the past six months or so, I had a gym membership and personal trainer. The personal trainer was a large portion of my monthly budget. Prior to canceling the service, I spoke with the trainer about semi-private lessons, personal training sessions less often, and any other option I had to reduce the monthly bill. Initially, I was told that I had the best deal possible. Finally, on my last day of training, I was presented with a host of options in an attempt to keep me as a client. At that point, it was too little too late but if you currently have a personal trainer or gym membership, find out if there is a discount for you!
Similar to the previous bills listed above, don’t hesitate to call your alarm/security system provider and see what discount you’re eligible for! Often times there is an introductory period associated with a lower rate. Simply asking can go a long way.
In addition, security companies are extremely competitive. If you see a discount through a different company, ask if your current provider will match or beat that deal. I recently installed an alarm system in my house and this saved me $15 per month.
No discount is too small! For example, saving $10 a month on your cell phone bill doesn’t seem like that much, but over a year that is $120 dollars. If you are able to save $10 a month on 3 different bills, you can save $360 a year!
Did you know that you can negotiate the interest rate on your credit card? Yes! You read that correctly. Over 60% of people that ask for an interest rate reduction on their credit card are approved. The interest rate on your credit card can be negotiated.
It isn’t as easy as negotiating the other bills listed but it is possible. You will want to make sure you have a good credit score and that you do some research. Chances are you have been receiving credit card offers in the mail. When you give your credit card company a call, make sure to tell them that you are a loyal customer, you enjoy their credit card, but you have received some offers to leave and are willing to leave unless they will work with you.
I challenge you this week to contact 1 company that supplies a service listed above and see if there is a better deal available. Let me know in the comments if you are able to get a deal! No deal or discount is too small. Looking for tips to negotiate your bills? Haven’t negotiated a bill before?
Check out this post: Steps for Negotiating Monthly Bills.
Have you negotiated any of the above bills or other bills in the past? If so, share your techniques in the comments!
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