Saving money is a universal goal, yet many people overlook an easy way to achieve it: negotiating their bills. With just a simple phone call, you can lower your monthly expenses and keep more of your hard-earned cash. It may seem intimidating, but negotiating is a valuable skill that can benefit your financial health. So, how do you do it?

First, identify which bills you want to target. Common expenses that can be negotiated include internet, cable TV, phone plans, insurance, and gym memberships. These companies often have wiggle room in their pricing structures and are usually open to offering discounts or promotions to retain customers. Before you make the call, do your research. Check competitors’ prices and plan features, and look for any current promotions or deals that you can use as leverage in your negotiation. Knowing the market rate for the service you’re paying for will empower you to ask for a better deal with confidence.

When you call customer service, be friendly and respectful. Explain that you’re reviewing your budget and are interested in finding ways to reduce your monthly expenses. Inquire about any available discounts, promotions, or loyalty programs that you may be eligible for. You can also mention how long you’ve been a customer and that you’re considering other options. This lets the company know that you’re aware of alternatives and encourages them to offer incentives for you to stay.