Sunday, July 19, 2020
5 Great Tips to Save Money on Your Wifi Bill
5 Great Tips to Save Money on Your Wifi Bill 5 Great Tips to Save Money on Your Wifi Bill 5 Great Tips to Save Money on Your Wifi BillHome wifi is pretty much necessary these days, but that doesnt mean you have to pay through the nose in order to enjoy it!In just 20 years, wireless in-home internet has gone from a rarity to basically everywhere. Great! Yet another bill you have to pay every month!Of course, you could just not have home wifi, sure. Sure, and you could also drive to work on a whale-oil-powered penny-farthing bicycle. Itâs just not gonna happen!Instead, you should focus your efforts on cutting down the cost of your home wifi. Here are some great tips from real industry and personal finance experts to help you save money on your wifi bill.1. Donât rent a modem; buy one.When signing up for a new wireless internet provider, buy compatible equipment to fit your needs,â said consumer spending expert Ben Huber (@vtgrad2010) of DollarSprout.com (@dollarsproutblog). âCompanies will often lease modems or routers for a monthly feeâ"and those fees can be dec eptively steep.âIf youâre worried about buying a modem that wonât be compatible with your wireless provider, donât worry. âNearly all internet providers will include a list of compatible devices somewhere on their website, or within their terms of use,â said Huber.2. Negotiate. One of the best ways to save money on anything is to try and negotiate a lower billâ"and wireless internet is no exception. âSome of the smaller players in the ISP industry may be willing to actively negotiate your monthly payment as they fight for market share among internet consumers,â said Huber.He even recommended a good negotiating tactic: âIf you express interest in a lower bill, or leverage your ability switch to a different provider, you may find that certain companies will be quick to walk back the price of your monthly bill.âAnd if youâre not the worldâs greatest negotiator, you could always let someone else negotiate on your behalf! Personal finance blogger Marc Andre of VitalDollar.com (@vital_dollar) recommended services like Trim and BillCutterz that work to negotiate your bill for you.âIf they are able to lower your bill, they will keep a percentage of the saving. If they cant lower your bill, you pay nothing. Its possibly the easiest way to save,â he said. Sure, youâll save more if youâre able to negotiate your bill down on your own, but smaller savings are better than none at all!3. Monitor your data usage.âIf you purchase a pay-as-you-go plan (or an unlimited plan) this may not affect you as much, cautioned Huber, âBut if youre one of the millions of Americans who fall into tiered data plans, theres a good chance youre paying for more data than youre actually using.âAnd, as it turns out, one of the best ways to less for something is to simply use less of it.âMajor ISPs (internet service providers) will provide usage statistics, both on your bill and their respective online dashboards, which can help you adjust your plan needs accordingly,â said Huber.For folks who keep their internet usage pretty light, Andre recommended FreedomPop, which offers free mobile phone and high-speed internet service. âThe free plan is limited to 500 MB per month, but if you dont use the internet a lot it can be a great option,â he said.4. Compare prices.This is another piece of advice that applies across the board. The more you shop around with any kind of major purchase, the more likely you are to find the most affordable option. Getting a solid grasp on what service providers cover your area and what kinds of prices theyre charging will not only help you find the best dealâ"it can also help you negotiate.To aid you in the search, you could use a free online comparison engine like Wirefly.com (@Wirefly), which helps people shop for the best price on monthly services like internet and cell service, insurance plans, cable, etc. According to Wirefly President Logan Abbot, the average Wirefly user saves 30 percent on t heir wireless bill by switching their plan to another provider.5. Play the long game. When deciding on a wireless provider, you have to look beyond the short-term. A given wifi plan could end up saving you money now but costing you an arm and a leg down the road.Short term promotions can be incredibly enticing when it comes to signing up for a new internet service provider, but as the Latin phrase caveat emptor suggests, let the buyer beware,â said Huber.âAfter promo terms end, consumers often quickly realize the astronomically inflated new cost of conducting business with their internet provider. Rates can skyrocket 100 percent or more in the immediate month following the end of your promo rate, and that is a hard pill to swallow when there are limited options in your area.âSo what happens if your rates all of a sudden go up? See tip #2 for more details.What are you going to do with that money you save?Once youâve successfully secured a lower rate on your wireless bill, yo u should make sure that extra money doesnât go to waste. Even if you use that money to splurge on an extra special dinner or date night, at least youâd be using it for something instead of just frittering it away.Hereâs our suggestion: Use it to build up a $1,000 emergency fund to help cover surprise expenses. That way, you wonât have to rely on predatory bad credit loans and no credit check loans (like payday loans, cash advances, and title loans) when an unexpected medical expense or car bill rears its ugly head.For more great money-saving tips, check out these related posts and articles from OppLoans:7 Tips for Eating Out on the CheapHow to Save Money on GasThe Broke Personâs Guide to Dating50 Places That Will Give You Free Stuff on Your BirthdayWhat are your best strategies for lowering your wifi bill? Let us know! You can find us on Facebook and Twitter. | InstagramContributorsLogan Abbott is an Internet entrepreneur, tech, and personal finance expert. Logan is the President of Wirefly.com (@Wirefly), the leading smartphone and cell phone comparison site on the web. Wirefly features a comparison shopping engine for mobile phones, cell phone plans, phone service, Internet, insurance, banking, and more, which helps the average Wirefly user save 30% by switching services. In his spare time, Logan enjoys reading, coding, kitesurfing, and gaming.Marc Andre is a personal finance blogger at VitalDollar.com (@vital_dollar), where he writes about saving money, managing money, and ways to make more money. His goal with Vital Dollar is to help individuals and families get the most out of the money they have and to reach their full financial potential. He lives in Pennsylvania with his wife and their two kids (a son and a daughter).Ben Huber is a personal finance writer at, and the co-owner of, DollarSprout.com (@dollarsproutblog), a leading resource in helping millennials make and manage financial decisions. A consumer spending and behavioral eco nomics expert, he helps young adults make the most of their hard earned money. When he isnt writing or attending Pittsburgh Penguins hockey games, hes almost certainly at the gym lifting weights and trying to impress strangers. You can follow him on Twitter @vtgrad2010 for more money-saving tips.
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