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Success Story and Money Tip: Asking For a Promotional Rate Saved Me $600/year

Recently my cable bill had gone up about $60/month. I regularly check my bills to see if there are ways of reducing expenses or if there are new promotional rates. I had decided since I had success in the past, as have others, asking for a lower rate on other bills that I would give it a shot.

I called up Comcast during my lunchbreak and said I was concerned with how much my bill had gone up recently and I was considering canceling. The service representative said she would see what promotional rates they had going on, and one fit the same package and equipment I already had so she signed me up for that promotion which was $50 off per month. It’s only good for a year, but that years worth of savings will save me $600. When the promotion is up, I will call back and see if there are others (or shop around for cheaper service, either way I’ll be saving money).

– Submitted by: Crystal

Lesson Learned:
As I mentioned in an older article about Reviewing Reoccurring Plans Quarterly, companies aren’t usually going to offer you a better rate if their plans change. It’s up to the consumer to stay on top of their regular expenses to see if a better rate is available because more than likely you will find one bill that could be slightly cheaper.

Amount of money saved: $600/year

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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4 Responses to Success Story and Money Tip: Asking For a Promotional Rate Saved Me $600/year

  1. Ryan says:

    You might also try this for insurance premiums. I’ve heard from people who call their insurance company once a year and ask for a lower rate on their homeowners or auto insurance for the same level of coverage. Insurance companies sometimes adjust their rates, but it’s up to the customer to call and ask!

  2. Aaron says:

    Great tip! I have considered doing the same after ours went up after our “promotional period”. It’s a shame you have to keep calling up – but if it’ll save some $ – I’ll play the game 😉

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