Wouldn’t it be nice if you could snap your fingers and save on monthly bills? It’s a pie in the sky dream that everyone has had at some point and while it’s impossible to erase them completely, you can lower them, and it takes less effort than you probably think.
But where do you start when it comes to finding ways to save on monthly bills?
For the do-it-yourself taskmaster and the hire-it-out professional alike, here are six ways to save on monthly bills and where to find a little outside help.
1. Credit Sesame – Improve your credit score to get better deals
If you find that consolidating doesn’t get you the interest rate you were hoping for, your next best bet is to do whatever it takes to raise your credit score. A better credit score helps you negotiate better rates with lenders you already have and find lower rates for new loans.
If you’re not sure how to raise your score — and it can be confusing for sure — check out Credit Sesame. Credit Sesame allows its users to check their credit score completely for free, along with offering free credit monitoring, and free identity theft insurance.
Where it really shines is it’s “credit score analysis.” Credit Sesame breaks down each part of your credit score and tells you what you can do to raise the grade of that section. This is a super useful tool for anyone looking to raise their score quickly with the least amount of effort.
2. Truebill – Save $512 on your cable, phone and internet bills
Spoiler: There are things you are paying for every month on your credit card that you don’t need and even worse, don’t even use. That’s right, it’s time to get rid of the monthly subscriptions you know you don’t need. If you don’t have the time to sit around on the phone or even figure out what subscriptions you are paying for every month, there’s Truebill.
Truebill is an app that can cancel unwanted subscriptions, negotiate monthly bills, and automatically request refunds for bank fees.
The app can even find subscriptions you forgot you’re paying for. Once you connect your checking and credit accounts, it reviews all your transactions and flags the recurring ones so you can simply tap “Cancel Service” and Truebill will cancel it on your behalf.
Average Saving: $512 per year
3. Credible – Save thousands by consolidating your debt
If you have high-interest credit card or payday loan debt, it can feel like you can’t get anywhere with your monthly payments. But there is a solution: consolidating your debt into a personal loan can lower your interest rate and your monthly payments.
But how do you find a reputable loan company offering the best rate? It used to take hours of research, but now you just need to visit Credible. Fiona is a loan matching service that uses your financial information to match you to the best personal loan for you and your situation.
Credible is completely free to use and works with reputable lenders who offer loans from $1,000 to $100,000 and term lengths from 24 to 48 months.
4. Billshark – Save $500 a year on Triple Play packages
Certain bills creep up every year if you’re not paying attention. Regularly negotiating your bills can help you keep the services you value at a rate you can afford. But let’s be honest, we’re not all pros at negotiating. Which is why thankfully there’s Billshark.
Billshark is an app with real people, called Sharks, working behind the scenes to negotiate monthly bills on your behalf, and they take their title seriously. The Sharks have an 85% success rate negotiating cable, wireless phone, satellite TV, internet, satellite radio, and home security from a huge number of national companies.
And the best part? If you don’t want to download another app or link your bank account, you don’t have to. You can easily upload your bills to Billshark via their website or email. Download the Billshark app to see what bills the Sharks can negotiate for you.
Average Savings: Between $300 to $500 per bill per year
5. Chime – Save $329 on bank fees this year
If you are prone to overdrawing your bank account or maintaining a low balance, you’ve probably realized that banks love to squeeze even more out of you in the form of fees. So, maybe it’s time to get a bank that doesn’t believe in fees.
Chime is an FDIC-insured online bank with no hidden fees. That means no fees for overdrafting, minimum balance, monthly service fees, transfer fees, or foreign transaction fees. It also has over 38,000 fee-free ATMs to use.
In addition to its anti-fee stance you can get paid up to two days early on direct-deposits and set up automatic saving transfers.
Average Savings: $329 per year
6. Gabi – Save $825 On Your Car Insurance In Minutes
Most people have absolutely no idea — and we mean no idea — that it’s recommended to switch car insurance every year so you are consistently getting the absolute cheapest price.
We all know that switching anything can be annoying, which is why we are such big fans of Gabi which shops for the best car insurance deal for you. It’s so good at doing this that the average customer will save $825 a year on car insurance.
To find out if you are currently getting ripped off on car insurance:
- Connect your existing insurance policy
- Provide your driver’s license
- Within minutes get a number of cheaper options to switch
Gabi will also instantly tell you if you currently have the cheapest policy possible. It’s that easy to save up to $825 a year on car insurance using Gabi!
Average Savings: $825 per year
7. Arcadia Power – Save up to 30% by switching to Green Energy
There aren’t many options to lowering your electric bill so discovering one can literally feel like finding Excalibur. Arcadia Power is basically your sword in the stone. It’s working to increase demand for renewable energy sources and save people money in the process.
Once you sign up for a free account with Arcadia Power, 50% of your electricity is collected from renewable sources. If you live in a state where energy industries are deregulated then Arcadia Power’s Price Alerts feature automatically finds lower energy rates in your area. So not only are you being good to the environment, it’s being good to you.
Bonus. Digit – Save $865 on credit card interest using this app
The faster you pay off your debt, the less interest you’ll pay and that means major savings in the long run and a big bite out of your monthly bills. Easier said than done though, right? Now there’s a way to set aside extra money to make payments on your debt, and you’ll hardly even miss the money.
The app Digit links to your checking account and uses your spending patterns to determine small, virtually unnoticeable, amounts of money to transfer to your Digit savings account. It will then take that money and put it straight towards whatever debt you’re paying off.
Digit is free for the first 30 days and $5 per month after that. Download it and start supercharging paying off your debt.
Average Savings: $865 per year
Feature Image: Twenty20