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How to Reduce Your Cable or Satellite Bill?

August 3, 2015 by Tracey Ann

So you’re not ready to cut the cord yet, but you don’t like paying that $100+ bill every month for cable or satellite. When you signed up it was suppose to be only $29.99/month, but you didn’t see in the fine print that it was only for 6 months. So, do you think you are stuck in that 2 year contract?

Don’t despair, I’ll help you out. “Life is all about who you know, not what you know.” Good thing you know me…just kidding. We certainly believe that given the right knowledge you can make a dramatic impact on your life. Now saving 50 bucks on your cable may not seem all that “dramatic” to you, but what we are showing you here are ways to cut costs and pay yourself first. Follow our plan and end the financial stress in your life. Let me get off my soap box and tell you how to reduce your cable bill.

First, call the customer service number, and hit the number for “Cancel Service.” You’ll get someone on the phone right away instead of having to sit on hold for 30 minutes. Tell them the bill is too much and you want to cancel. They may try to intimidate you by talking about the contract and the cost to cancel. Don’t worry. Stay strong. Just keep saying it’s too expensive. They want to keep you as a customer, they’ll offer to discount your bill. Tell them, “I saw you’re offering new customers a $19.99 deal. I want that.” Stand firm. You may not get the cheapest rate that they are currently offering to new customers, but you will be able to get some relief on your bill and maybe a few months of free movie channels. The key is to stay calm but firm.

I think we all have a tendency to procrastinate and avoid little chores like this. It may take you 30 minutes or an hour to deal with customer service, but saving that $50–70 per month is a big deal. I encourage you not to pay another overpriced service bill again. I know that sometimes dealing with these companies can be a nightmare and you may think it isn’t worth $50, but take a deep breath and stay calm and just get it over with.

Monthly it may not seem like a lot of money and not worth the headache, but $70 invested each month over 30 years at a hypothetical growth rate of 8% is $104,325! I don’t know how much an hour is worth to you, and I cannot guarantee you’ll get an 8% return on any investment. But I’ll take an hour to potentially have $104,325. So, just get your last bill, get your phone, and let’s make that call. Remember… stay calm! You will get a lot further by being pleasant but firm.

If you do decide to cancel your service, head on over to my article on canceling cable to find out how you can make that possible without missing out on all your favorite shows.

Filed Under: Budget, Frugal, Lifestyle, SHE Talks Money Tagged With: Find Money, Monthly Budget, reduce cable

About Tracey Ann

Tracey graduated from UGA with a BS in Psychology and is currently enrolled at Oglethorpe's CERTIFIED FINANCIAL PLANNER™ curriculum where she is expected to complete her coursework in March of 2016. Tracey is an Atlanta native who appreciates the outdoors. She enjoys hiking sections of the Appalachian Trail and is currently training for the upcoming Atlanta 10-miler. Tracey is a ballet enthusiast involved with the Atlanta Ballet and is an avid reader and member of a local book club.

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