This post may contain affiliate links which may compensate us based on your interaction. Please read the disclosures for more information.
Some companies are willing to work with their customers to make their bills more affordable. Discover the steps to take to lower your regular bills.
Life continues to get more expensive. Many of your bills have likely increased in price over the last few years. When this happens, your bank account balance is impacted. If you want to reduce your spending, it can be worthwhile to negotiate some of your recurring bills.
Your service providers may agree to lower the cost of your bills. If successful, you could free up more cash, which you could use to pay off credit card debt, build an emergency fund, or invest for your future. Here’s how to negotiate your recurring bills.
Decide what bills are worth negotiating
Before you get started, assessing your current financial situation can be beneficial. Review your credit card bills and bank statements to see your expenses and determine which bills might be worth negotiating. Here are a few bills that you may be able to negotiate:
InternetCableMobile phone serviceGym membershipHome security subscriptions
Research plans and prices
You want to come to the conversation well-prepared. Once you’ve decided which bills you’ll attempt to negotiate, make note of the current plan and the price you pay. Then, research the available options. Your rate may not be the current advertised price.
Some companies have special promotions available to new customers. Even if you’re an established customer, it’s worthwhile to research deals like this. The company may be willing to extend a new customer offer to you to keep your business. Knowing current rates and offers can help you during the negotiation process, because it shows you’re informed.
Be patient and kind
Now you’re ready to contact your service provider to ask if your current rate can be adjusted. You can do this by phone, or if the company has an online support feature, you can chat this way. Remain patient and kind throughout the entire discussion — even if the conversation doesn’t go as you hope. The customer service representative is only doing their job. They’ll be more likely to work with you to find a solution if you remain calm and friendly during the chat.
Try again another time
If a biller won’t budge, don’t give up. Your success could vary depending on who happens to be on the other line. If you’re told that your rate can’t be reduced, try again at another time. You could have better luck speaking with another customer service representative.
Here’s what to do if you can’t get a rate adjustment
Unfortunately, not all companies are willing to negotiate their rates. If you don’t get a rate adjustment, you’ll need to decide what to do going forward. One option is to remain a customer and continue paying the same rate. But if you need to reduce your spending, that may not be the best solution. Here are some other options to explore:
Stay with your current provider, but switch to a less costly planSwitch providers to get a more affordable rateCancel your account and have another adult in your household sign up as a new customer to get a discounted, new subscriber rate
Try your luck at lowering your bills
If you’re looking for a way to save money, you may want to see if your service providers will give you a discount on your bill. It’s always worthwhile to ask — the worst thing that can happen is you’re told no. Taking a few extra minutes out of your day to make the call could result in significant savings. For additional ways to save money, check out our personal finance resources.
Alert: highest cash back card we’ve seen now has 0% intro APR until nearly 2025
If you’re using the wrong credit or debit card, it could be costing you serious money. Our experts love this top pick, which features a 0% intro APR for 15 months, an insane cash back rate of up to 5%, and all somehow for no annual fee.
In fact, this card is so good that our experts even use it personally. Click here to read our full review for free and apply in just 2 minutes.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.