You’re probably thinking there’s no way just being confident is going to reduce my bills…and you would be correct.
You’ll have to take action steps with this confident attitude, which I’m going to share with you today.
So, let’s start here.
What is confidence?
confidence – a feeling of self-assurance arising from one’s appreciation of one’s own abilities or qualities
Why do you need confidence when trying to lower your expenses?
Well, number 1, we have to actually ask. If you won’t ask, guess what? It’ll never happen. So, just ask.
Number 2, if you don’t believe your bill should be lower, neither will the person you’re talking to.
So, how can you lower your bills with confidence?
Here are a few options.
Ask for a lower interest rate on your credit card
Look, creditors want their money back. If you’ve been a good customer, paid on time, and not missed your payment, the likelihood that they’ll say yes is high.
Just call your credit card company up, ask them if you qualify for a lower rate. If they won’t give you a lower rate, shop for a zero interest balance transfer card. You can transfer your balance to one with no interest charge for up to 18 months. This will save you tons of money.
Ask for lower payments on your (student) loans
Call your student loan originator and ask to lower your payments based on need. They usually will do income-based payments so that they get paid. They would rather get paid something than nothing. It will take you longer to pay off if you lower payments, FYI.
Ask if you can pay it off in full for a big discount
This is most useful for medical bills. Let’s say you had to be hospitalized or had a baby and have a chunk of money to pay back. If you were to have the cash readily available, you can call and ask for a 30-50% discount to pay in full today. They won’t always do it or may come back at you with a smaller discount. It will save you money in the long run!
Ask for a downgrade on monthly utilities
Cable is the first one that comes to mind here. Cut that cable bill down. I usually call when I notice mine has crept up and ask what kind of promos they have to offer me for a lower rate. Sometimes it’s cheaper to get a package than it is to just get one thing, like internet.
Another area you can downgrade is your cell phone bill. With all the competition these days, it’s easy to find the best deal. If your current carrier won’t lower your payment, then go to another carrier with a better deal.
I don’t want to leave this last one out, but you will have to check what’s available in your area. Here in Tennessee, the electric company offers a payment plan so that in hot summers and cold winters you don’t get hit with an outlandish bill you weren’t prepared for. So, you will pay a little more in the spring and fall that you use but it keeps you from having to pay double or triple in the extreme temps.
Go out there and change your money story!
*Disclaimer: This information should not be used in the place of speaking directly with a professional. These are my opinions and are not to be taken as advice without consulting a professional about your specific situation.