4 Things That Most People Are Paying Too Much For

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Have you ever received a bill in the mail to renew a service and you realized that 1) you were already paying for that same service with another company and 2) you were already covered for the same service by an even different company?

Here’s an example:  Are you paying for towing assistance through a company like AAA?  Take a look at your car warranty.  Are you paying to include that?  Now check your automobile insurance policy. Are you covered for towing? If you so then you’re already paying for that service.

4 Things That You’re Probably Paying Too Much For

If you are reading this, then the chances are that you are paying too much for something. While it may not seem like a big deal to overpay for your cable package or buy an expensive car, these small things can really add up and make a huge impact on your lifestyle. In this blog post, we will discuss 4 things that most people are probably paying too much for!

Here’s a list so you can do your own inventory and find some savings in your budget where you too, can cut the fat!

Paying Too Much for Road-side Services

So, we’ve discussed this. But start here. Take a look at what you are currently paying for, what might have duplicate coverage, and what you’d be able to drop altogether. You can save money by not renewing your roadside service and dropping the monthly towing and car rental package on your insurance because it might be covered under your car warranty.

Before you drop anything, make sure the service you keep is what you truly need, you don’t want to be under-prepared, but you also don’t want to be double-paying for services you already have covered elsewhere.

Paying Too Much for TV Services

You may be overpaying for your cable package. Cable packages can range from anywhere between $50-$200 per month depending on what channels you want to be included in it. The best way to figure this out is to do some research online so you know how many channels come with each tier before signing up! You don’t have any reason to pay more than necessary when looking at these services!

Here we’re talking about – Netflix, Redbox rentals, Hulu, Roku, Dish, Cable, Direct TV.  All of it. Many people have multiple subscriptions but a quick analysis of your viewing habits can show you what your true needs are. 

It doesn’t make sense to keep two services when one does the job. You can save $1,022.40 this year by dropping an $80/month satellite service and skipping a $2.40 weekly trip to the big red box.  Instead, just keep the streaming movie and TV series subscription. You might have to wait for a few weeks to watch the latest movies, but you probably won’t hate all that extra money you saved!

Paying Too Much for Phone/Internet/TV Services

You may be paying too much for a cell phone plan. Most people are not aware that there are tons of different providers out there and that they could get discounts on their current bill if they switched to another provider with the same coverage. For example, by switching your wireless carrier you can save an average of $100 per month while still getting quality service!

hat number can increase by a lot if you have multiple devices on the same account or if you find yourself in one of those plans with lots of hidden fees. The best thing to do is to switch providers so that you know what kind of bill will come at the end of every billing cycle!

We all know this, but how many of us actually DO this? Bundle, Bundle, Bundle! If you are going with a TV service as listed above, and you have internet or phone services, then be sure to get a bundle price. ALSO- never feel bad asking for a discount. If you see a new customer offer, (especially when you are out of contract) be sure to ask

if they will extend the deal to you. You will have to speak to the customer retention department (rather than customer service) but they will likely offer to give you the same deal if you express your desire to go elsewhere if they can’t extend the offer to their loyal customers.

Paying Too Much for Internet

Seriously, are you paying too much for the internet? I was.

Luckily we don’t need (much) of our connection at home so I swap out my service every few months to see if there is something better available without breaking the bank.   This is one area where you can get some serious savings by doing your research before signing up with any provider for more than 12 months in advance.

Unless you work from home then perhaps you should investigate using your cell phone as a hot spot to provide internet service for your devices.  For just a little more a month (and sometimes it is a provided service, depending on your cell plan) you can use your cell phone service to also stream the internet.  Make sure to check into this before forking over a monthly internet service.

Alternatively, you could cut the data service from your cell phone provider and use Wi-Fi on your phone instead. Think about how and where you use the internet and make the choice that will work best for you and your family.

Use these tips to start reviewing areas where you may be overpaying, and start saving today! And don’t stop there! Make a list of other areas you thought of and get to work, saving your hard-earned dollars. Your piggy bank will squeal in delight!

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