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You’ve done what you can to cut back your spending.
You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. (Can you sense my millennial sarcasm there?)
But no matter how cognizant you are of your spending habits, you’re still stuck with those inescapable monthly bills. You know which ones I’m talking about: rent, utilities, cell phone bill, insurance, groceries…
Although we can’t swipe these off the table for you, we can stop you from OVERPAYING them…
1. Grocery Bill: Turn Your Receipts Into Cash
What do you usually do with your receipts? You check out, they hand you a mile-long piece of paper, and you frantically stuff it to the bottom of a grocery bag. Pretty worthless.
But a free app called Fetch Rewards will turn them into gift cards. It partners with tons of brands to give you points for every grocery receipt you share. Then you can exchange them for gift cards to places like Amazon, Walmart, Chipotle or even a Visa prepaid card.
And it’s perfect for those of us who don’t want to put a ton of work into this. All you have to do is send Fetch a photo of your receipt, and it does everything for you. No scanning barcodes or searching for offers — and you can use it with any grocery receipt.
When you download the app, use the code PENNY to automatically earn a welcome bonus when you scan your first receipt — you’ll be well on your way to your first gift card.
Not so bad for a useless receipt, right?
2. Credit Cards: Get Rid of up to $100,000
Your credit card is getting rich by ripping you off with insane rates, but a company called Fiona could help you pay them off tomorrow (if the balance is under $100,000).
Here’s how it works: Fiona will match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.
Take, for example, Katherine, who faced $12,000 in credit-card debt. Holding her back? The 15.24% interest rate. By refinancing with a 5%-interest, seven-year personal loan, she saved $12,000 in interest.
If she’d kept on the same road, she would have paid something like $14,000 in interest alone over 25 years. Yikes
Fiona won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. Totally worth it.
3. Life Insurance: Take Back $100s
If you’ve thought about how your family would manage without your income after you’re gone, chances are you’ve looked into life insurance.
But, so often we end up not following through on it because it takes too much time or money.
But your application shouldn’t take more than about five minutes — and you could leave your family $1 million by spending $5 a month on life insurance with a company called Bestow.
You can change or cancel your plan at any time. Plus, the security of knowing your family is taken care of is priceless.
If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam, pushy sales calls or even getting up from the couch, get a free quote from Bestow.
4. Car Insurance: Take Back $865
Have you been paying your car insurance bill to the same old insurance company for years? You’re probably paying too much.
Over the years, your life has probably changed — and so has the value of your car. Plus, insurance companies you might have looked at years ago are constantly changing their pricing. One easy way to save on car insurance is by shopping and comparing rates twice a year. But that sounds like a pain.
Fortunately, a service called Gabi will do it for you, and you don’t even have to fill out any forms. Simply link your insurance account and provide your driver’s license number, and it’ll go to work.
Gabi says it finds an average savings of $865 per year for its customers.
It offers a true apples-to-apples comparison at the same coverage levels and deductibles you currently have, and instantly compares rates from up to 20 providers to find you the best deal. Once you sign up, you never have to shop again. Gabi’s software has your policy on file and keeps on monitoring for savings as your life changes.
5. Cell Phone Bill: Take Back $80 or More
Is your cell phone company overcharging you?
Probably. In fact, there are secret discounts it doesn’t want you to know about.
You can find out how much you’re overpaying by signing up for TrueBill. Just connect your cell phone account and TrueBill will immediately try to get it lowered.
That’s what happened when William Ellis, a savvy saver from Indiana, used a similar bill negotiation service. He was able to get $80 a year back in his pocket when they convinced Sprint to lower his bill — for the same plan. He didn’t even have to pick up the phone.
TrueBill takes an upfront commission on any money it recovers for you, but there’s no charge if it’s not successful. So far, TrueBill has saved its users more than $14 million.
6. Homeowners Insurance: Cut Cost by $690/Year
When you purchased homeowners insurance, you were probably in a rush. After all, you were likely closing on a new home and wading through the logistics of it all — eek, stressful!
But since you signed up for your insurance, have you taken a few minutes to make sure you’re getting the best deal? Sure, it sounds like a time-intensive process, but it doesn’t have to take long. Grab a free quote in just three minutes from Policygenius.
Here’s how it works: Fill out a brief questionnaire about yourself and your home, and Policygenius will email you a handful of quotes tomorrow. It’ll even help you figure out how much coverage you actually need — and how to tap into discounts no one’s ever mentioned.
If you find a policy you like, just shoot Policygenius an email back — or hop on a call with one of its licensed agents — and set up your new insurance. Heck, it’ll even help you cancel your current policy.
Policygenius reports saving its customers $690 a year on insurance — start by requesting request a free quote.