My husband and I use the internet to make a living. Without it, we wouldn’t finish assignments and wouldn’t get paid. That’s why we check our bill often to see if we’re getting our money’s worth.
Reviewing your internet bill is the best way to see if you can save money each month. It might be time to talk your provider down in price or move to another company. Here are a few ways to start saving on your internet bill.
1. Break down your bill
If you don’t know how much internet you’re using, you’re going to have a hard time figuring out how much to pay for it.
Because we need fast internet, we have a download speed of 100 megabits per second (Mbps). That’s how fast the internet travels for you to get what you’re requesting, such as downloading a movie. The higher the Mbps, the faster your internet.
Two years ago, we noticed our internet was 25 Mbps at $60 a month. We found a better price elsewhere and now get 100 Mbps for $80 a month after a one-year promotional period. That means we get four times the speed for only $20 extra dollars a month.
Check your bill to decide how many Mbps you need. You might need a faster speed like we do. Or maybe a slower speed would work just fine. After all, a slower speed could mean a cheaper bill.
2. Explore your options
Where you live determines which providers are available to you. If you live in a rural area, for example, you might not have as many options as someone who lives in a big city. It’s important to find out which companies operate in your area.
When we realized our internet speed was holding back our productivity, we made it a point to see which servicers were available near us. Our options were Comcast and AT&T. So, we went to their sites, plugged in our address, and compared the speeds and costs.
3. Review your budget
If you depend on a strong internet connection to get your work done, you might want to invest in a faster speed. However, paying more for internet means you might have to cut back elsewhere.
My household cut the cord a decade ago. Instead of paying for a TV package, we found an internet plan that includes HBO. We pay monthly for Netflix, and we have Amazon Prime, which includes TV shows and movies.
Depending on what you watch, you might want to do the same. If you don’t need it, why pay for it? Because we prefer a speedy internet connection, we sacrifice in other areas. Cutting the cord saved us money to put toward other things.
4. Try a bundle
Cutting the cord isn’t for everyone, and you might not save much, depending on your entertainment preferences.
Having a cable package might be important to you. If that’s the case, look for deals that allow you to bundle internet and cable. You also might be able to bundle your internet and cellphone.
There are a few options, so choose one that fits your preferences. Keep in mind, though, that if you don’t need cable or a home phone, bundling might not be a good option for you. Try it only if it makes sense for your household.
Talk to your current provider to see if there are any deals available. It’s also worth checking out the competition so you have a bargaining tool.
5. Ask for deals
If you like your internet provider, contact it to ask about promotions. Every provider offers deals throughout the year, and they’re worth exploring when your contract is set to renew.
Before switching providers two years ago, my husband and I stayed with the same company for six years. We liked what it offered, and it always gave us deals when we asked. We’d often call shortly before the promotional period was up and ask if any deals were available. Many times, our provider gave us the same deal for another year. It never hurts to ask.
Later, we left because we found a better deal elsewhere. Don’t feel pressured to stay loyal to a company if it isn’t giving you the best price for what you need.
Pay less for your internet
How much you pay for internet is based on what you use and what you’re willing to pay. Don’t fall victim to complacency and always be on the lookout for deals from your provider and its competitors. You could use the extra cash to pay more toward your student loans or save for retirement.
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|Lender||Rates (APR)||Loan Amount|
|1 Includes AutoPay discount. Important Disclosures for SoFi.
2 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
* Important Disclosures for Upgrade Bank.
Upgrade Bank Disclosures
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