Like many people, I’m curious to know how others spend their money. That’s what makes online money diaries so popular. Yet when I read a monthly breakdown of someone’s spending, I often question whether they could be paying less for their phone bill, WiFi or other bills.
Below, I outline steps I’ve taken to lower my own regular outgoings. It often takes time to sort out, but the money saved is definitely worth it.
When we buy a new phone, most of us take out a contact for 12, 18 or 24 months. After your contract ends, it often keeps running on the same price, even though you may be entitled to a discount on request.
Last year, I cut my SIM-only contract from £21 per month to £15 per month. This happened by accident when I went into the local store of my phone provider and an employee pointed out that I was overpaying on my bill. My contract had ended without me realising, which meant my provider could offer me a lower bill. The employee also suggested that I set up a block for chargeable numbers, such as directory enquiry services or premium-rate competition lines, to avoid extra charges on my bill.
If you have some spare time over lunch or first thing in the morning, try and speak to your phone provider to double check that they can’t offer you a cheaper deal.
It’s also worth checking that you’re not still paying for phones you’re no longer using. Phone companies won’t cancel a contract unless you ask them to, even if the phone number hasn’t been used for months.
For Starling customers, it’s easy to check direct debits by going to the payments screen of your app and clicking ‘Scheduled’. You’ll also be able to see standing orders.