4 Things You’re Probably Paying Too Much For

4 Things You Are Paying Too Much For

We are all looking for ways to cut costs and save money. Sometimes areas of savings hidden or overlooked. If you look closely you’ll find a few things you’re probably paying too much for.

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Saving Money | We are all looking for ways to cut costs and save money. Sometimes areas of savings hidden or overlooked. If you look closely you'll find a few things you're probably paying too much for. #savingmoney #wastingmoney #cuttingcosts #waystosavemoney #howtosavemoney #femininefinancial

4 Things You’re Probably Paying Too Much For

Have you ever received a bill in the mail to renew a service and you realized that 1) you were already paying for that same service with another company and 2) you were already covered for the same service by an even different company?

Here’s an example:  Are you paying for towing assistance through a company like AAA?  Take a look at your car warranty.  Are you paying to include that?  Now check your automobile insurance policy. Are you covered for towing? If you so then you’re already paying for that service.

Here’s a list so you can do your own inventory and find some savings in your budget where you too, can cut the fat!

4 Things You're Probably Paying Too Much For - Road-side Services

Road-side Services

So, we’ve discussed this. But start here. Take a look at what you are currently paying for, what might have duplicate coverage and what you’d be able to drop altogether.

You can save money by not renewing your road-side service and dropping the monthly towing and car rental package on your insurance because it might be covered under your car warranty.

Before you drop anything, make sure the service you keep is what you truly need, you don’t want to be under-prepared, but you also don’t want to be double-paying for services you already have covered elsewhere.

4 Things You're Probably Paying Too Much For - TV Services

TV Services

Here we’re talking about – Netflix, Redbox rentals, Hulu, Roku, Dish, Cable, Direct TV.  

All of it.

Many people have multiple subscriptions but a quick analysis of your viewing habits can show you what your true needs are.  It doesn’t make sense to keep two services when one does the job.

You can save $1,022.40 this year by dropping an $80/month satellite service and skipping a $2.40 weekly trip to the big red box. 

Instead, just keep the streaming movie and TV series subscription. You might have to wait for a few weeks to watch the latest movies, but you probably won’t hate all that extra money you saved!

4 Things You're Probably Paying Too Much For - Phone Service

Phone Service

Bundle, Bundle, Bundle! We all know this, but how many of us actually DO this?

If you are going with a TV service as listed above, and you have internet or phone services, then be sure to get a bundle price. ALSO- never feel bad asking for a discount.

If you see a new customer offer, (especially when you are out of contract) be sure to ask if they will extend the deal to you. You will have to speak to the customer retention department rather than customer service.

But they will likely offer to give you the same deal if you express your desire to go elsewhere if they can’t extend the offer to their loyal customers.

4 Things You're Probably Paying Too Much For - Internet Service

Internet Service

Unless you work from home then perhaps you should investigate using your cell phone as a hot spot to provide internet service for your devices.  For just a little more a month you can use your cell phone service to also stream the internet. 

Sometimes a hot spot is a provided service, depending on your cell plan. Make sure to check into this before canceling your internet service.

Alternatively, you could cut the data service from your cell phone provider and use Wi-Fi on your phone instead. Think about how and where you use the internet and make the choice that will work best for you and your family.

4 Things You're Probably Paying Too Much For - Internet Service

Start the Savings

Use these tips to start reviewing areas where you may be overpaying and start saving today!

And don’t stop there!

Make a list of other areas you thought of and get to work, saving your hard-earned dollars. Your piggy bank will squeal in delight!

Money Saving Tips | We are all looking for ways to cut costs and save money. Sometimes areas of savings hidden or overlooked. If you look closely you'll find a few things you're probably paying too much for. #savingmoney #wastingmoney #cuttingcosts #waystosavemoney #howtosavemoney #femininefinancial

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18 Comments

  1. This was very informative! My husband and I just went back through our budget for the next quarter and did some trimming. It’s incredible where you start stacking on the extra pounds if you’re not paying attention. We cut back some of the features on our TV & Phone package. We eliminated a few monthly subscriptions and a few other re-arrangements and we saved ourselves around $600 a month. Crazy. This is a great place to start for sure.

    1. Author

      $600 is an awesome amount of savings per month. You are so right, its amazing what accumulates when you are not paying attention.

    1. Author

      Lol… knowing is half the battle. Now you can see where you can make some cuts.

    1. Author

      Thanks Madi!I’m with you on the cable. Truly and unneeded expense.

  2. I dropped my AAA years ago when I purchased my first new car. The fee for signing up on the fly is 75 bucks. So, I saved their customer service number in my phone. If I ever need it, I’ll pay the 75 bucks instead of paying the yearly fee but not using it.

    Love these tips!

    Lauren | https://www.laurelandiron.com

    1. Author

      That is an awesome tip Lauren!

  3. Now I want to call all of these companies and negotiate my rates!! Thank you!

    1. Author

      I’m sure you’ll save some money if you do that Amy. Good luck!

  4. Cutting down on streaming services is so hard! But you’re absolutely right about paying too much

    1. Author

      I don’t have cable so I love my streaming services. The key is to make sure you aren’t paying for any overlaps.

  5. I know TV is a bog one for me. We still watch cable, but the road side assistance, I didn’t know about, thanks! Gonna check that out.

    1. Author

      Hi D’ondra. Do a survey of the shows you guys watch and I’m sure you’ll find that you can cut cable and use an Amazon Firestick and a streaming service and still watch all the same shows.

  6. These are great tips! We live in a very rural area and just had the opportunity to try a (more expensive) internet service. We decided to give it a try and now that we have we can actually cancel our satellite TV service since we can stream now and we are saving money! The little things in life really start to add up every month!

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