3 Creative Ways to Lower Your Bills | QoreFinance

African businessman holding letter reading bad bank news about debt

There are three guarantees in life: death, taxes and bills. Every month, you fork over your hard-earned cash to utility companies, cell phone companies, banks and landlords. If you live in a major city, you could be paying nearly $1,000 a month in monthly bills.

But here’s the good news: you can negotiate and save on a lot of these costs. Here’s how:

Use a Service like Billshark

Think you can’t save money on your monthly bills? Think again. Billshark will negotiate with service providers for you to lower your rates without reducing your service.

Billshark has made over 50,000 negotiations, and they have an 85% success rate. They claim that customers save an average of $285/year for each bill they negotiate. One of their customers was able to save nearly $10,000.

Which bills can they negotiate?

  • Cable TV
  • Satellite TV
  • Mobile phone service
  • Internet service
  • Satellite radio
  • Home security

If Billshark can’t save you money, you won’t pay them a cent. You have nothing lose (except high monthly bills) by trying their service.

Play Hard Ball with Service Providers

Want to take negotiations into your own hands? Be ready to stand your ground. Cable, Internet and cell phone providers want your business – and they’ll go to great lengths to keep it.

If you want to negotiate with service providers, make sure that you’re talking to the right people.

  • Don’t call customer service or tech support.
  • Tell the automated system that you want to cancel your service.

Service providers have customer retention teams that can offer all kinds of special deals and promotions to keep you around.

Just make sure that you don’t get talked into buying even more services. It may sound like you’re saving money, but do the math before you agree.

A few other things to keep in mind:

  • Cable and internet companies will tell you the price before taxes and fees.
  • You may have to pay a much higher price for service when the promotion expires.

The bottom line? Make sure you know what you’re getting into before you sign up for a promotional deal.

If you don’t like what your service provider offers, then make a switch.

  • Cut the cord and subscribe to a few streaming services, like Netflix, Hulu or Amazon.
  • Switch to a pay-as-you-go cell provider like Ting or a prepaid service like Verizon’s Visible.

Consolidate Credit Card Debt

The average American household has over $8,000 in credit card debt. On top of ridiculous interest rates, you have to keep on top of every card you have. Miss a payment here and there, and you’re paying even more because of late fees and other penalties.

Consolidating your credit card debt can save you money. Pool all your credit card debt into one simple loan with a lower interest rate.

InCharge has a helpful list of companies that offer debt consolidation.

If you’re spending too much on your monthly bills, these three tips can help you secure lower rates and save money. But don’t forget to use common-sense tips, too, like trimming unnecessary expenses and creating a budget.

Leave a Comment