6 Monthly Bills That Almost All of Us Overpay

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You’ve done what you can to cut back your spending.

You brew coffee at home, you don’t walk into Target and you refuse to order avocado toast. (Can you sense my millennial sarcasm there?)

But no matter how cognizant you are of your spending habits, you’re still stuck with those inescapable monthly bills. You know which ones I’m talking about: rent, utilities, cell phone bill, insurance, groceries…

Although we can’t swipe these off the table for you, we can stop you from OVERPAYING them…

1. Credit Cards: Get Rid of up to $100,000

Your credit card is getting rich by ripping you off with insane rates, but a company called Fiona could help you pay them off tomorrow (if the balance is under $100,000).

Here’s how it works: Fiona will match you with a low-interest loan you can use to pay off every credit card balance you have. The benefit? You’re left with just one bill to pay every month, and because the interest rate is so much lower, you can get out of debt so much faster. Plus, no credit card payment this month.

Take, for example, Katherine, who faced $12,000 in credit-card debt. Holding her back? The 15.24% interest rate. By refinancing with a 5%-interest, seven-year personal loan, she saved $12,000 in interest.

If she’d kept on the same road, she would have paid something like $14,000 in interest alone over 25 years. Yikes

Fiona won’t make you stand in line or call a bank. And if you’re worried you won’t qualify, it’s free to check online. It takes just two minutes, and it could save you thousands of dollars. Totally worth it.

2. Life Insurance: Take Back $100s

If you’ve thought about how your family would manage without your income after you’re gone, chances are you’ve looked into life insurance.

But, so often we end up not following through on it because it takes too much time or money.

But your application shouldn’t take more than about five minutes — and you could leave your family up to $1 million by spending as little as $5 a month on life insurance with a company called Bestow.

You can change or cancel your plan at any time. Plus, the security of knowing your family is taken care of is priceless.

If you’re under the age of 54 and want to get a fast life insurance quote without a medical exam, pushy sales calls or even getting up from the couch, get a free quote from Bestow.

3. Car Insurance: Cut Your Bill By $670 (With The Same Coverage)

When was the last time you shopped around for car insurance? Was it more than six months ago?

If so, you’re probably overpaying — by hundreds of dollars. Yep. Experts say you should compare rates twice a year to get the best deal.

Twice a year? Yeah, we don’t want to do that either.

A service called Zebra does all the shopping for you to find cheaper insurance — with the same coverage and deductibles you already have. And it saves customers an average of $670 a year.

We talked to Artie Januario, who found new insurance through The Zebra and managed to knock off $30 a month — or $360 a year — from his premium.

All you have to do is enter basic information about your car and driving history, then The Zebra compares prices from more than 100 companies to find you the best price.

4. Mortgage: See if You’re Wasting $690/Year

You’re probably wasting money right now. And it’s probably on something you’d never expect — your homeowners insurance policy.

This isn’t something you actively think about — you just know you’re required to have it. 

The problem is, you’re paying too much. Luckily, an insurance company called Policygenius makes it easy to find out how much you’re overpaying. It finds you cheaper policies and special discounts in minutes. 

In fact, it saves users an average of $690 a year — or $57.50 a month. It’ll even help you break up with your old insurance company. (You’re allowed to cancel your policy at any time, and your company should issue you a refund.)

And just because you’re saving money doesn’t mean you’re skimping on coverage. PolicyGenius will make sure you have what you need. 

Just answer a few questions about your home to get started.

5. Cell Phone: Cut Your Bill to as Little as $5/Month

How long have you been with your cell phone company? Probably a while, right? Which means you’re probably paying way too much.

But we found a discount wireless company called Tello that offers plans starting at just $5 a month. How much are you paying now? Exactly. Imagine cutting that to just $5.

Tello operates on Sprint’s nationwide network, offering 4G LTE data everywhere Sprint does. It lets you choose a wireless plan based on how many minutes and how much data you want, and you can even use Tello’s coverage tool to see how strong its network is where you live.

You can bring your own phone (Tello works with any Sprint-compatible phone), or buy a new one through them. Even better — there are no early termination or activation fees, no contracts or phone-exclusive plans, no tricks of any kind.

If you decide you don’t like it, you can always just change your mind. See how much you could save here.

6. Household Items: Copy This Strategy To Get a $526 Refund

Chances are you do some of your shopping online. Whether it’s pet food from Walmart, toilet paper on Amazon or even a flight home for Thanksgiving, you’re probably leaving money on the table. 

A free website called Rakuten has the hookup with just about every online store you shop, which means it can give you a kickback every time you buy.  In fact, since Colleen Rice started using Rakuten, it’s sent her checks in the mail totaling $526.44. For doing nothing. Seriously.  Rice says she uses Rakuten for things she already has to buy, like rental cars and flights. 

It takes less than 60 seconds to create a Rakuten account and start shopping. All you need is an email address, then you can immediately start shopping your go-to stores through the site. Plus, if you use Rakuten to earn money back within the first 90 days of signing up, it’ll give you an extra $10 on the first check it sends you. Talk about money for nothing.