It's no secret that big corporations are out to maximize profits. The cable companies, cell phone companies, insurance companies — they all want a bigger and bigger piece of your monthly budget. The secret they won't tell you — you could be paying less without sacrificing service, coverage, or quality.
You don't need to "know a guy" or learn a secret passcode to get these savings. In fact, it's easier than ever to cut your bills because of all the new apps and companies lining up to help you stick it to the cable guy.
6 bills you can stop overpaying today
Save an average of $560/year on car insurance
Are you staying home and driving less? If you answered yes, you've got an opportunity to lower your auto insurance premiums. With driving and auto insurance claims down, insurance companies are offering discounts.
With Insure.com, you fill out one simple form, and in minutes, you'll get a selection of personalized quotes. You'll be able to see the best prices from top insurance companies, all in one place, then pick the one that saves you the most for the coverage you want.
On average, drivers save $560/year when they use Insure.com.
Life insurance for less - starting at $1/day
Here's a secret: life insurance agents often push expensive policies because their commissions are tied to the policy premiums you pay. The higher the premium, the more THEY get paid.
If you want to get the coverage you need for a fair price, you can skip the agent and get a quote online. With lifeinsurance.net, you can either buy your policy online or work with an agent over the phone who will listen to your needs and guide you to a policy with the best coverage for your budget. The price you pay will be based on your age and health, not someone else's commission. Get a free quote now.
Save the $250 you'll probably pay in bank fees this year
Bank fees are annoying, so stop paying them. 1 There are no monthly fees~ with the Chime mobile app, no minimum balance fees, and they even offer fee-free overdraft — up to $200*.
And no fees~ doesn't mean no features. With Chime, you can build your savings faster by automatically rounding up your purchases, plus get paid up to two days early when you use direct deposit^.
Apply online in just two minutes — there's no credit check required.
Get money back on your grocery shopping without clipping coupons
Grocery bills are one expense that will never go away. You may already clip coupons and looks for sales, but there's one more thing you can do. With the Fetch app, you can earn cash back just by taking a photo of your grocery receipt.
Fetch works whether you shop online or in-store. After you're done shopping, just snap a photo of your receipt and you can earn points that you can redeem for gift cards at popular stores like Amazon, Target, and Home Depot. Get the Fetch app here.
Budget better and trim up to $720 from your bills
Even if you're disciplined about saving, you've probably had months where you looked at your bank balance and wondered where your paycheck went. A budgeting app like Truebill can help you take control of your money — spend intentionally on the things you value and stop throwing money away on unimportant things.
Once you have a complete picture of your finances, it's easy to see ways to save. And Truebill can help make those potential savings a reality. Their expert negotiators can call the cable company and phone company to help lower your bills. They'll also help you cancel unwanted subscriptions and put that money back in your bank account where it belongs.
Truebill has already helped save its members over $50,000,000 on their bills without much time and effort.
Lower your power bills in under two minutes
This is a two-for-one special. You could lower your utility bills while also helping the planet by moving away from fossil fuels. Arcadia Power can help you transition to cleaner energy sources like wind and solar and you'll pay less.
There's no installation needed and no interruption in service. Just connect your utility account with Arcadia and they'll show you the energy sources available to you. They'll also track your savings over time. Check availability here.
More ways to save
Finding cost savings can feel a bit like a game of "whack-a-mole." You find one way to save and another bill pops up. The good news is that many of these cost savings are not just one-time savings. If you decrease a monthly bill, you can see savings for months to come. That $20/month is a whopping $240 over the course of the next year.
Here are some more places to look for savings:
Don't carry a credit card balance. We're big proponents of using credit cards that earn cash back or travel rewards - you can earn hundreds or even thousands of dollars in rewards every year just by using the right credit card. For example, with the Citi Double Cash card, you can earn up to 2% cash back on all purchases: 1% as you buy and 1% as you pay for those purchases.
Avoid banks that charge monthly maintenance fees. There's no need to pay bank fees. If your bank charges you a monthly fee just for using them, you're throwing money away. In addition to the monthly maintenance fees, some banks charge fees to use ATMs or if you don't maintain a minimum balance. It's easy to switch to a bank that offers no-fee checking.
While you're shopping for banks, don't forget about your savings. Look for a bank that offers a high interest rate so your money is multiplying until you need to use it. You can see some top savings accounts here.
Use a budgeting app. If it feels like money is flying out of your bank account and you're not sure exactly where it's going, you could benefit from using a budgeting apps. There are many apps to choose from. One of our favorites is Digit. The Digit app's algorithms analyze your spending habits and helps you start saving more money without needing to make any lifestyle changes.