If you’re looking to cut some expenses in your budget, never settle for “retail” or the first quoted price on certain monthly bills. It can be tough and sometimes take a long phone conversation or two, but haggling on some of your monthly service bills is a great way to save on your bills. If you haven’t already done this before, you ought to try calling one or more of your bill providers to ask for a better rate.
We have managed to get lower rates numerous times and kept almost all of our bills from increasing since Kat and I have been married. (For example, we only have Internet service and actually pay less now than when we originally signed up and they’ve quadrupled our download/upload speed since then.) Here are some ideas and tips to get you started:
Cable & Internet: Call your provider and simply ask for a better deal. Don’t be afraid to let them know you’re shopping around and have found better rates elsewhere, and even ask for the appropriate rep to cancel your service if you aren’t getting anywhere with the first person you speak with. Sometimes you just have to jump through a few hoops and prolong the phone call for them to just give in and magically find that lower rate.
Credit cards: Call your creditors and negotiate a lower interest rate using essentially the same principles as with your cable/internet service. Let them know you expect better rates/service or you will go elsewhere. (Credit card providers already make a killing on every single transaction because vendors have to pay small percentages on them, so they are just gouging you for additional revenue with high interest rates.)
Rent: This is not always possible, but it is definitely worth a shot every single time your rent lease is up. (We have managed to save thousands over the course of a year by haggling every year when the time came to renew our lease.)
Car insurance: Ask for a better rate or a discount (especially if you work from home), and inquire about all possible discounts available to you based on where you live, how much you drive, what type of car you own, etc. (We’ve never changed car insurance carriers because they have yet to be beaten when we actually have shopped around.)
Gym membership: Not an easy one and this is one of the most overpriced bills for most people, but if you go to a large chain gym like LA Fitness, Gold’s Gym, Lifetime, etc. then it’s always worth a shot to keep asking for a better deal. (We just use our local city gym in Allen, and there happens to be a free gym for me at my office, so we’ve managed to keep this cost way down.)