In the last Financial Challenge we used competing offers to get a better deal on our cable TV / satellite TV. As we pointed out in the last challenge, the most difficult part in many of these Financial Challenges is actually making the call, but this simple step is necessary to get many of the saving rewards available. Remember that this is basically free money. You aren’t giving up anything. You will receive the exact same service that you have been receiving, just at a better price. It is by far the best type of savings you can get and the money can go directly into your debt reduction plan or your simple investment plan.
We are going to do the same thing as we did with the cable TV with your Internet service today. Whether you’re using dial-up, DSL, cable or some other Internet service, there is a good chance that there’s a competitor offering an introductory special at a better price than you are currently getting. If there isn’t one at this moment, there likely will be soon. Don’t forget to look in your junk mail, the local paper and on TV for promotional offers. The key is to keep your eyes open and take down the information when you see it.
In the time you have set aside for today’s Financial Challenge we’re going to give your Internet service a call and try and get a better deal. Again, you don’t want to make an ultimatum, but simple say that you are considering a move to a better rate. If they match the rate, then you have saved money. If they don’t, ask them politely what is the best rate they can offer. Once stated, thank them for their time and say that you will consider the offer (or if it is good enough, go ahead and accept it). Be sure to mark down on your calendar when the rate expires if it is a limited promotional rate.
Since this is a monthly service you’re paying for, every $5 you can reduce your Internet provider bill is $60 a year in savings. While this in itself may not seem like a lot, it’s when we add together a number of savings like this that you’ll find that you have been able to save thousands over what you were previously spending. No matter what the result, you come out ahead. If you get a discount, you save money. If you can’t find a better deal, you know you’re getting the best deal you can. All it takes is less than 30 minutes of your time.