Buzz
With unemployment rates remaining alarmingly high and the economy officially in a downturn, you might find yourself needing to trim your monthly expenses. While you’re undoubtedly already working hard to cut costs in other areas of your life, there's also potential to save money on your bills: You can actually negotiate for reduced monthly payments, simply by asking.
In the video above, staff writer Lisa Rowan shares effective strategies for negotiating lower payments for a variety of services.
For household utilities, reach out to your energy provider and inquire about any new promotions or incentives related to “clean energy” programs.
For credit cards, consider requesting a forbearance program that allows you to defer payments for a few months.
For your cell phone, cable, and internet bills, contact your provider to discuss switching to a more affordable plan that suits your needs. If that doesn't work, many competitors may offer to pay off your remaining contract in exchange for your business.
For car insurance, call your insurance company and mention you’re considering selling your car. They might reevaluate your driving habits to offer a lower rate or inform you about a new program that could bring you a discount.
For additional tips on reducing student loan payments or even rent, be sure to watch the video above. And if you’re facing truly difficult times, remember that you can seek support from your local United Way.
