Definition
A company that contacts your service providers (like cable or phone) to lower your monthly bills. They often charge a percentage of your savings.
What to consider
- Check out reviews to see if others have saved money using the service.
- Understand the fee structure before you commit.
- Think of it as a way to lower monthly bills without doing all the legwork yourself.
Real world scenarios
- Jade signs up for a negotiation service that cuts her internet bill by $20 a month. She directs those extra savings into an emergency fund.
- Sam runs all recurring bills through a negotiating platform, seeing if he can score lower rates on cable and phone services.
- A negotiated discount on her gym membership frees extra cash for Taylor’s weekly groceries.
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