How I Saved $1,000 in 2 Hours
Have you ever wondered if you were getting the best deal on your wireless, satellite or internet services? My friend Shelly did just that! Check out how easy it was to save big money!
Let me start by saying, I consider myself a pretty frugal individual all around. I am drawn to those beautiful yellow clearance stickers, select date night based on what I have a coupon for, and purchase birthday presents months in advance because they are on sale. But for some reason, for years, I assumed that I paid what I paid on those basic services, and that was it.
I began by taking a look at my monthly budget. You can easily do this if your are using our Budget Tool. I made a list of the companies in which I made regular monthly payments to. I spent about an hour and 15 minutes doing extensive research on pricing, options and anything and everything that was out there that I could get my frugal little hands on. Once I had the information I needed to move forward, I began making phone calls. With the help of a few friendly customer service agents, here is what I was able to do.
- Wireless Service – My first call was to my wireless phone company. My conversation was short and sweet, which I certainly appreciated. I asked one question, “Am I getting the best deal you have, and are there any ways to cut down my monthly bill?” The customer service agent took a look at my account and within minutes suggested lowering my data plan. We weren’t using all we were paying for since we are really good about connecting to the wifi at home. Less than ten minutes of my time and so far I cut my annual bills down by $180!
- Satellite Service – My next adventure consisted of seeing how much I could save with my satellite service provider. I educated myself on their current promotions, as well as those of their competitors. What I found is that several companies offer an introductory rate, which is good for about twelve months. When I called, I was ready to terminate my service and sign up with one of their competitors to take advantage of the promotion. I connected with Ken, a well-trained customer service agent, and let him know I was not willing to pay a high price anymore. I shared with him what the competitors were offering. After several minutes of discussing their rates and those of their competitors, he was able to cut my rate and save me $51 a month without having to change services. A short 12 minute phone call and I was saving an annual $612! **update** since that call we have cancelled cable and just use Netflix and Amazon Prime. I have found we watch even less TV now and save a LOT of money!
- Internet Service – The internet is one service in which I was not willing to give up. In order to look up recipes, research deals, and upload the latest pictures of my little ones, I needed it! However, what I did not need was a home phone and cable services. Years ago, we had signed up for a bundle service in order to reduce our monthly internet costs. Or so, we thought. Bundle services can be great, but it’s important to make sure you are actually utilizing all of the services included. We weren’t. When I called my internet service provider, I asked how much we would save by getting rid of the extras. The end result was $20 per month. We got rid of the extras in and cut down our bill in about 15 minutes. We were paying $240 more a year than we needed to!
Two hours of my time and three phone calls is all it took me and I was saving just over $1,000 annually!
What would you do with an extra $1,000 a year? If you are looking for ways to cut down your monthly expenses, look at your budget. Set aside a couple hours and find those companies in which you may be paying too much for their services. Do your research, pick up the phone and ask!