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Is Your Fear of Change Costing You Money?

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Photo by Eric731


Two years ago, we were paying $36 a month for our landline phone service, plus another $10 or $20 a month for our phone card to make long distance phone calls.

I read about Ooma Telo on several blogs and considered switching because it could cost as little as $5 a month or $17 with caller ID and other services.  That was much cheaper than $46 to $56 a month that we were paying.

Still, I didn’t switch until months later when we moved and had to disconnect our phone service any way.

Why the delay?

Like many people, I was afraid of change.

How many times have you delayed taking cost cutting measures because you’re concerned about change and the inconvenience?

Maybe you signed up for a cable package that, after it expired, cost you nearly double what you paid per month with the promo package.  You know that all you have to do is switch to another provider and get their new user package, but you don’t do it.  Why?

You worry about the hassle of changing.  You’re afraid that the new company’s service might not be as good.  Plus, you’d have to get used to a new system.

Sound familiar?

This fear of change, even minor change like switching phone or cable providers, costs us hundreds of extra dollars every year.

There are ways to overcome this fear, though.

1.  Remind yourself that you can always switch back.

A lady I know hates paying $3 per month to her bank for her printed statement, but she’s worried about changing to online statements.

She shouldn’t be.  Instead, she should find out if free business banking is available with online statements, and if that doesn’t work, she can always switch back.  There’s no commitment here, so switching should be a no brainer.

2.  You can negotiate with your current provider.

If you really hate changing providers, negotiate with your provider to see if they will lower your costs.  You must sound committed to discontinuing your services to get the best deal.  If you sound reluctant to leave the provider, they won’t give you the best deal that they have.

Some people routinely negotiate with their provider so that they never pay full price.

3.  Get others’ opinions.

Before you switch to a new bank, ask your family and friends where they have their various business accounts.  They can tell you what they like and dislike, which can give you confidence in your decision to switch.

If you’re not changing companies when your promo deals run out or you’re not negotiating with your provider, you’re leaving hundreds of dollars on the table every year.  This money adds up quickly.  Getting over your fear of change can save you — big time.

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