The internet has become as essential as electricity in our fast-paced digital world. Whether for work, keeping in touch with loved ones, or binge-watching the latest series, we rely on it daily. But, like any utility, it can be a major drain on our wallets.
Read on to learn some key tips and tricks on how to keep that bill as low as possible. And read to the end to learn about a new government program that can tack on some additional savings!
Step 1: Assess your internet needs
First things first, do you know what you’re paying for?
Internet packages come in all shapes and sizes, and it’s easy to get swept up in the promise of ultra-fast speeds. But do you really need that much bandwidth? You wouldn’t buy all the food in the grocery store just because it’s on sale. You’d only buy the stuff that you like and that you know your family will eat. The same principle applies here.
Take some time to think about your daily internet activities. Are you just checking emails and browsing the web, or are you streaming movies and playing online games? Then take a minute to look at your internet provider bill and consider downgrading to a more affordable plan if you’re paying for more than you need.
Step 2: Shop around
Now that you know what you need, let’s think about where you want to get it from.
If you’re fortunate enough to have several options, shop around and compare prices! You might find that another provider offers the same service for less. And remember, competition is fierce in the internet world, so use that to your advantage!
Start by researching different providers in your area. Look at their plans, prices, and customer reviews. Don’t forget to check the fine print for hidden fees or charges. Once you have all the information, you can make an informed decision.
Step 3: Bundle up… or don’t
Many providers offer bundles that include internet, TV, and phone services. If you’re using these services from different providers, you might save a bundle (pun intended) by consolidating them with one provider. Just make sure you’re not paying for extras you don’t need, like premium channels or landline features, such as call waiting, caller ID, or voicemail.
You also need to consider how often you use each service. Do you watch a lot of TV, or could you cut the cord and switch to streaming services? Do you need a landline, or could you rely on your cell phone? Answering these questions can help you decide if a bundle is right for you.
Step 4: Do your homework and negotiate like a pro
Did you know you can negotiate your internet bill? It’s true! Arm yourself with information about discounts and subsidies, research competitor rates, and then call your provider. Be polite but firm, and you can walk away with a lower monthly bill.
Remember, the customer service representative is there to help you. Explain your situation and ask if there are any promotions or discounts available. If the first person you talk to can’t help, don’t be afraid to ask to speak to a supervisor.
Step 5: Consider buying your own modem and router
Most of us rent our routers and modems from our internet providers without a second thought. But did you know that buying your equipment could save you money in the long run? It’s an upfront cost, but it could pay off over time.
Do some research to find out if buying your equipment is a good option for you. Consider the cost of the equipment and how long you plan to use it. If you plan to stay with the same provider for a few years, buying might be cheaper.
Step 6: Watch out for hidden fees
Always watch for hidden fees in your internet and phone contracts. Installation fees, service charges, early termination fees, and equipment rentals can sneak up on you. Ensure you understand what you’re paying for and question any charges that seem out of place.
Step 7: Get an additional $30 back per month
There’s a new government program that helps working Americans pay for their internet bills. In addition to lowering your monthly bill by $30, the Affordable Connectivity Program will give eligible households money to buy new computers, tablets, and other devices. Interested? Check if you’re eligible now and start saving!
Take control of your internet bill
Lowering your internet bill doesn’t have to be a daunting task. With a bit of research, negotiation, and savvy shopping, you can take control of your internet expenses and keep more money in your pocket. After all, every penny counts when you’re working toward living a good life.
And remember, you’re not alone in this journey. WorkMoney is here to help you navigate the world of personal finance. We’re dedicated to finding direct discounts and proven products that save you money on everyday expenses. Join us today and take control of your money.