If making a phone call could save you $1,000, would you dial the number now?
You might assume the price you’re paying for something is non-negotiable or set in stone. Fortunately, that isn’t always the case. Over the years I’ve saved thousands — yes thousands — of dollars by making a call to ensure I’m getting the best price.
Here are eight money saving phone calls that are definitely worth your time to make if you want to save money.
Another way I save money is by using the best credit cards for groceries to rack up rewards points every time I shop!
Call to check on price adjustments
If I make a purchase over $100, I’ll always call the store to see if the price I paid has gone down within their price adjustment period (usually 14 days). If it has, I bring my receipt back to the store and they credit me back the difference between the new sale price and what I paid.
So, find out the store’s price adjustment timeline and mark your calendar so you remember to call the store to find out if the price has gone down. This is one way I’ve saved a lot of money over the years, and it only takes one phone call!
Call to renegotiate your phone or Internet bill
If you’re a longtime customer to your Internet or phone provider, it’s worth a call to see if you can renegotiate a better deal on your package.
Ask about new customer promos, reference their competitor’s promotions, and see if they’ll work with you to lower your monthly bill. It’s also a good idea to have them review what the specific charges are on each bill. You never know if you might be paying for something you aren’t even using. I was!
Call to compare loans
If you’re applying for a loan, make several calls. I was able to save a significant amount of money on a home loan recently just by doing this.
I’d started working with one lender and then decided to make a call to another bank I had a relationship with. They offered a much lower rate, and the lender I was working with tried but couldn’t match it. I switched and ended up saving $500 a month!
Long story short: Make the calls and let lenders compete for your business.
Call to ask about waiving late fees
Late fees are one cost that many times can be waived, especially if you rarely have any. If you see a late fee on any bill, including credit card bills, call and ask for it to be removed.
Call to negotiate your credit card interest rate
Renegotiating lower credit card interest rates is well worth your time. Many creditors even have departments where this is their main focus. Let them know you want to make your payments and pay off this debt, but you need help with the interest rate.
Call your insurance agent
Every year I do a review of all my insurance policies. I like to confirm with my agent that I’m taking advantage of any discounts and make sure my deductibles still work for me.
Your insurance needs may change, which could mean lower premiums. Ask about multi-policy discounts, and if you have a home alarm system see if this will lower your homeowner’s insurance.
Call to dispute an error on your credit report
Just because something is on your credit report doesn’t mean it’s accurate. Every year, you’re entitled to three free credit reports from the Annual Credit Report website.
Check to make sure there are no errors on those reports, and if there are call to dispute them. Some errors can lower your credit score, which can end up costing you a lot of money with higher interest rates!
Call to cancel unused subscriptions
Review your subscriptions, and cancel any that you’re not using — they might be on an automatic renewal, meaning you’re still paying even though you’re not using them.
If there are some subscriptions you want to continue getting, call to see about getting a lower price. I just did that for my mother’s newspaper subscription and saved 40 percent!