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How to Save Money on Your Monthly Phone Bill

How to Save Money on Your Monthly Phone Bill

Families in the United States squander around one hundred and thirty nine dollars each month on cellular phones according to J.D. Power and Associates. This is above the one hundred and twenty seven monthly in the year 2009. And based on the reports of the Bureau of Labor Statistics in 2011 household spending on cell phone services shot up by above 4.5% and since the year 2006 has increased over 20%. While there are methods to get free home phone using Google’s GV service as I talked about on this post on CorVoIP website, we are mostly talking about cellular phones.

Avoid Wireless Charges You Don’t Use

Todd Dunphy used to work closely with Verizon and he helped develop the mobile phone analytics organization called Validas. Todd has partnered with ABC News “Real Money” team in an attempt to do away with “wireless waste”, which is data, minutes, and texts that haven’t been put to use. Validas is a business that executes evaluations of cell phone utilization for big organizations, and they just lately released Savelovegive (SLG) the very same service for no cost at all to consumers. Its creators plan for the website to turn that “wireless waste” into something useful although the service is free, inviting people to pledge a small amount of their savings to charity. The company doesn’t take a cut from users’ donations. Even if you do not want to take your phone with you in case your CDMA does not work abroad, you could get same apps on your laptop through the infamous hack of emulation.

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“So you have your savings linked to a foundation for the empowerment of women we built in microphilanthropy inside the app”, according to Dunphy. You can take a bit of that savings and redirect it. Or you can preserve it all for yourself, it’s no big issue. But we developed a vehicle.

Validas claimed that when it comes to monthly mobile phone bills 80% of the American population overspend by about $200 every year. As soon as Dunphy looked over the bill of Barry at SLG, he figured out ways to save much more than that almost instantly.

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Though SLG automatically prepares an email that customers may send to their carriers to switch plans, Barry went into an AT&T retailer to switch his plan face-to-face. Because Barry changed his plan to a MobileShare with 6GB of data monthly and adding a corporate discount he’ll go on to save about $1,400 within the year.

Pro Tips to Save Your Cell Phone Bill

If you are ready to lessen your bill and make sure you have a cellphone that fits you perfectly check out some of Dunphy’s effective tips below.

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1. Let free sites figure it out on your behalf—just plug in your cellular phone number. At SLG, you log in with your carrier account information, giving the site access to your previous bills. By taking a look at usage and charges the website analyzes the bills. Once the analysis is complete it will compare your plan to other plans on hand and give you ways to switch up the plan you currently have and save. At the moment customers of AT&T and Verizon are who SLG works for, but the website expects to expand to other carriers soon. Another analysis site is Billshrink. When it came to Barry he was only utilizing 2.5 gigabytes of data each month, but he was purchasing a total of 8. By bundling talking and texting into one new plan, he could save nearly $1,200 a year. You can also check out VoIP plans to use when you are at home or even there are VoIP plans for small businesses.

2. Look for sneaky charges like horoscope texts, roadside assistance and 411.
Very small charges can be added onto your bill without your knowledge. According to research done by the Citizens Utility Board and Validas it’s over five dollars each month on average. If you notice a charge doesn’t look right call your carrier immediately to get them to get rid of it.

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3. Obtain your discount.
In order to get their employees discounts many companies work with mobile phone carriers. It’s not merely for corporate workers – teachers, government workers and even students can qualify. But the key is that you must ask for it, entering your company email on the carrier’s discount site. Examine the discount pages at AT&T, Verizon and Sprint. Barry will qualify for a discount of upwards of twenty five percent since his employer was just bought by IBM – check yours here. The discount may save him yet another $200 yearly. Dunphy told ABC News that Barry’s situation was standard.
A good deal of it is awareness, he explained. Awareness of what’s out there and then also figuring out what you use and what’s out there. It’s like going and acquiring a suit or a dress, getting it perfectly customized to you.

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Mukesh Agarwal

Professional Blogger

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Published on November 11, 2020

10 Best Ways to Save Money Faster and Smarter

10 Best Ways to Save Money Faster and Smarter

People love to talk about budgeting, reducing spending. and investing. But unfortunately, talk is cheap, and poor money management is expensive. It’s easy to talk about the best way to save money, but putting it into practice is a different thing.

What people need to talk about is the practical and efficient ways you can quickly save money to accomplish your goals. After all, they don’t teach this stuff in school.

Here are the 10 best ways to save money faster and smarter.

1. Cancel All Your Subscriptions

Yes, all of them.

Okay, you can keep your wifi and trash. But other than that, cancel all your monthly subscriptions for one month. You will survive, I promise. Better yet, you will realize you won’t miss all of them.

Now that you have had 30 days to examine what you really missed and what you never thought twice about, you can add some of them back in. The others? you never have to think about them again.

This is something you can and should do with every part of your life. If it’s clutter, cancel it. Being able to step back and see what is cluttering your life and what is excelling your forward helps improve your quality of life and financial standing.

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2. Automate Savings From Your Paycheck

Many of us are so excited about getting a new job that we rush through the paperwork during the hiring process. Good news for you, I have had lots of jobs so I have seen it a million times.

There is an option for a portion of your paycheck to go directly into a secondary savings account. This is by far the most effective way to save money every month. We tend to spend most of what we have. So, if we take it off the top first, then it’s less likely to be spent. Just head over to HR and ask. It will only take two minutes.

3. Cancel the Happy Hours for the Rest of the Pandemic

We are in the middle of a global pandemic, which means that there is no better time to buy some drinks from the local store and stop shelling out $5 a drink at the local cocktail bar. When we look back at our bank statements, we are always shocked that fast food and alcohol can add up so quickly. You can easily save a couple of hundred dollars just by taking this step.

A great exercise is to print out your last bank statement and highlight all the areas of alcohol and fast food. The amount may surprise you and make you think twice about that old fashion.

4. Online Grocery Shopping

Some people think online shopping increases the amount they spend. For the most part, I would agree—except for this category.

Online grocery shopping is now a no-brainer, though. Whenever you walk through a grocery store, two things always happen: you always grab impulse items, and you never know the total of your cart until you checkout. This means that we always spend more than we originally planned.

With online shopping, you can see your total as you add items to your cart. You are way less inclined to make those impulse purchases and because of that, I would venture to say that you could even pay to have them delivered to your door and still save money each month by choosing online grocery shopping.

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5. Get a Famzoo Debit Card

This is something my wife and I swear by, and it’s great for the entire family! Famzoo strictly exists to help families and kids budget their money better. Each month, my wife and I have an allotted amount loaded onto our pre-paid Famzoo debit card. This amount has changed every year depending on promotions, kids, stage of life, etc.

The important part is that when you give yourself the freedom to spend a certain amount, you are more likely to only spend the allotted amount. Think of it as a diet. If you are counting calories, you are more likely to stick close to the amount you set. You can also look for some tips online to better stick to your family budget.

6. Purge

This is actually my favorite to do, and it is actually one of the best ways to save money. Raise your hand if you have ever moved. Okay, so everyone.

When we move, we are always amazed at how much junk we have acquired. I have found that about every 6 months, I can find a couple of boxes to sell online of things that we never use. This not only gives you so extra quick cash, but it also keeps your house more tidy and organized.

Now, go clean out that garage!

7. Amazon Subscribe and Save

32! That is how many items I have setup on amazon subscribe and save. Let me explain.

This sounds expensive, I know. But it actually saves us hundreds of dollars per year! We all need toothpaste, shampoo, razors, laundry detergent, toilet paper right? This feature is truly a triple threat. When you have more than 5 items on subscribe and save, you automatically unlock the max savings for every product on your list. This can be up to 20% per item!

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Now, even better is that it ships straight to your door on the exact day you want the item, maybe monthly or maybe you only need it every 4 months. This way, you never have too much or never run out. Either way, it’s totally customizable.

Lastly, there is no contract for any items, which means you can switch brands or items at any given time at no cost. My advice: every single staple item should be on your subscribe and save.

8. Rewards

This may ruffle some feathers, but if you are using your debit card for purchases, you are missing out on free money! We have this notion that credit cards are evil but in reality, they are the same piece of plastic as your debit card.

How you use it can be bad, don’t get me wrong. But if you want my opinion though, ditch the debit card and get a rewards credit card. Use it just like you would your debit card and make sure to pay it off as soon as the statement comes in!

Just to give you an idea of how powerful this can be in terms of money, here are some things that our miles have paid for:

  • 4 nights in Vail with Flight
  • Rental car in Vail (convertible might I add)
  • Flight to Ireland
  • Flight to Hawaii
  • Multiple staycations at very nice Hotels

That’s roughly about 7 thousand dollars in travel expenses so far! Remember that the credit card is just a tool and can be one that benefits you if you use it wisely. Ironically, this can be an effective way to save money.

Pro tip: If you don’t trust yourself carrying around a credit card, then set up all your monthly bills with your credit and leave it in a drawer at home. This way, you rack up miles but don’t get tempted to overspend.

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9. Vacation With Friends

Now, I know travel is hard right now but what a perfect time to go grab an Airbnb in the woods with a couple of friends and detox from the world right now!

Vacationing alone can be pricey and get rather boring quickly, but if you split lodging and set out for a road trip, it can become affordable quickly! For a couple of hundred bucks apiece, you can have one of the most relaxing vacations ever. Don’t forget to pick up your food at the local grocery store to avoid eating out every meal!

10. Make a Budget

When is the last time you updated your budget or made one for that matter? Making a budget is like writing down your goals. If you don’t make a budget, then you will struggle to save.

How can you know if you are spending wisely if you are not tracking everything?

Our advice would be to get a finance app like Mint, Every dollar, or personal capital. All these apps are free and do a tremendous job of tracking spending and budgeting. I still am old-school and have an excel spreadsheet which I do highly recommend.

Work Smarter, Not Harder

The entire goal is to boost your bank account while reducing the effort required. Efficiency is the name of the game, and automation is the key player. Luckily, we live in a world that has more perks than we can ever take advantage of. But if I were to choose a few, it would be the ones above.

Taking on all 10 of these steps may seem a little daunting. You can first try to pick three of your favorite and start there. Saving money doesn’t have to be a chore as long. As we use the tools correctly, it can be quite effortless. And now, you have a great blueprint to get started!

More Tips on Saving Money

Featured photo credit: Sharon McCutcheon via unsplash.com

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