Re-evaluating your “fixed” expenses
There are a variety of expenses that most people consider fixed: insurance, landline & cell phone plans, internet plans, cable TV plans, etc. But the reality is that the costs of all of those items can change. Typically they’re only fixed because you’ve agreed to the terms by signing a contract or by making a verbal agreement. This means it’s a good idea to review your fixed expenses on a regular basis, especially for anything technology based. Rates often go down while service goes up, but you won’t know it unless you ask. The savings can be substantial over the long term, so it’s well worth scheduling an annual re-evaluation period.
Focus on those types of expenses that typically offer “deals”, because although they may offer deals to new customers, companies are not likely to call up their existing customers and ask if they’d like to pay less. For example, you may be paying $x amount per month for your cell phone plan, but if you’re contract is up (or if you don’t have a contract) you may be able to find lower rates just by asking. The same thing goes for your insurance & cable. Call and check, and to be persistent when you do. I’ve had good luck with simply calling up and explaining that I’m trying to reduce expenses as much as possible, and asking what they can suggest. Once I hear their answers, I ask if there are any other options that could save even more money. Everyone I’ve talked to has been very helpful and friendly, and I’ve come away with savings.
