Sometimes we just need an easy win. And what’s easier than saving money without giving anything up, making any changes, or even leaving the house?
Now don’t get me wrong, this isn’t a get rick quick scheme. You can’t make millions of dollars this way. But if you want to immediately start saving some money, this might be the best place to start. I saved $216 with an 18 minute phone call. But wait, I’m getting ahead of myself. Let’s start with some basics.
Where to begin
Look at all of your monthly bills. Do any of them seem too high? Start with those (but eventually you should do this will all of them.) Let’s talk about the cable bill, because this is usually an easy win. Find a recent bill and see how much you’re paying. Now look online or call your provider’s competitors and see what they charge for similar services. Do you see where I’m going with this?
The 5 easy steps
You’re going to lower your cable bill with a quick phone call. Well, it might not be that quick. Be ready to sit on hold for a bit. My call took 18 minutes. My mother’s took 20 and she saved $240. A friend spent 30 minutes on hers and saved $600. When is the last time you earned that much money in such a short time? It’s worth sitting on hold for a bit, right? So here’s what you do:
1) Decide if you want to change your service at all. In my friend’s case, she was happy to drop some sports channels that she didn’t watch anymore now that her ex had moved out. In my own case, I had internet only (no phone or tv) and didn’t want lower speeds, so I wanted to keep the same service.
2) Call up the company’s customer service line and tell them that you’re looking to lower your bill. Some people find this embarrassing or awkward. Just remember that the person on the other end of the phone is a stranger who you’ll probably never meet. And all you’re asking is to lower your bill. That’s all. They get this request over and over again; there’s nothing special to them about this particular call.
3) When they offer you more service for the same price (almost everyone will offer this), let them know you definitely want a lower bill. If your competitor offers a lower price, mention that, and ask if they’ll meet that price. When they say they can’t, ask them to check again for any promotional deals.
4) Stay firm. Be polite but persistent. If the customer service representative can’t lower your bill, ask to speak to a supervisor or call back later.
5) When they lower your bill, but sure to thank them for their help. Get a confirmation number just in case anything goes wrong. Now pull out a calculator and see how much you’ll save this year!
Does it work?
Like I said, I saved $216 per year with an 18 minute call. I felt I was paying too much for my internet and I knew another company was offering lower rates, even though I didn’t want to switch. I called my company, told them about the competitor’s rates, and asked if they could find a way for me to stay with them for the same price. 18 minutes later I had lowered my bill by $18 per month. $18 x 12 months = $216 saved per year!
A friend was paying a huge amount for her phone, tv, and internet package. I pushed her to make the call as her first budgeting act. She spoke to the representative and decided to get rid of a bunch of tv channels she didn’t watch anymore. With a bit more negotiating she was able to lower her bill by $50. $50 x 12 months = $600 saved per year! That was a very good phone call for her!
A few weeks ago my mother mentioned that she was going to call the cable company because the phone and internet bill had gotten a bit high. I told her what to say and sure enough, she reported back on a savings of $20 per month. $20 x 12 months = $240 saved per year!
I’m not promising huge results for every person every time, but there’s a good chance you’ll save at least a little bit of money with a short phone call, so isn’t it worth the effort? And while you’re at it, also call up your cell phone company, your oil company, your gym, and anyone else you pay monthly. Ask if there’s a promotional deal you can take advantage of.
You never know how much you can save until you try, so isn’t it worth giving this a shot? Then all you’ll have to do is decide what to do with all those oodles of savings!
To get a sample script of what to say on the phone call, just enter your email address: