4 Strategies for Lowering Your Internet Bill | My Money

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Internet is an important utility and it is difficult to survive without it. Throughout the years, we have seen a drastic change in networking technology. From the slower dial-up connections to the high-speed fiber internet, we have come up a long way. As the technology got accessible, many investors jumped on the bandwagon and various factors added, led to the price hikes. Now the internet bills are constantly rising. If you are looking for the fastest possible internet, you have to pay the monthly cost, equipment cost, and other taxes that are on the top.

If you are one of those people annoyed by ever-increasing internet bills and looking to lower your current bill, this is the right guide for you. We have devised some great strategies to lower your internet bill. Without further ado, let’s begin:

Bundle Cable and Internet

Bundling your Internet service with cable TV is the best way to lower your monthly cost. According to research, you can enjoy 30% savings per annum by bundling your internet service. However, this does not mean that you get services that you do not use. The best possible way is to bundle the most important services. The priorities differ from person to person. Some people like to enjoy traditional TV services while others just need the digital phone for nationwide calling. Therefore, bundle the services that are absolutely needed at your end. Secondly, you get some extra features with the bundles. For example, if you bundle internet and cable with Mediacom, you get tons of added benefits. Mediacom channel lineup is very diverse and a bundle may add some premium channels on top.

Get your own equipment

Your internet bill is an amalgamation of related and unrelated services. You have to pay the price for the monthly service. You have to pay for the modem and router. There are some state taxes on top of that. Summing everything up, your internet bill for a basic plan comes to $60 per month. You cannot reduce the cost and the only way to do that is by using your own equipment. Once you sign-up for a provider, you sign-up for the monthly rental of the equipment as well. This rental is great for 6 months or more. After that, you are paying the excess amount. Therefore, get your own equipment. It is a one-time cost. Once you have your own equipment, you don’t have to pay the rent every month.

Downsize your plan

Internet Service Providers always offer their customers some tempting additional features. You must downsize your plan to lower your internet and cable monthly bill. Look for features that you really need in your monthly plan based on their consumption. This brainstorming will let you save over $40 per month. According to research, American adults watch only 20 channels but the cable company charges you for all 100-200 channels. Thus, canceling the subscription for other channels to lower your expenses would be a smart idea.

Negotiation

Negotiating with your ISP is the best way to lower your monthly entertainment bill. You can always ask them to lower the bill. It is not a hard thing to do. We have discussed premium channels already but you can always save more by trimming additional boxes on your monthly bill. This will make you save over $10 per month.

Look for cheaper cable and internet provider

If you don’t want to switch to a digital antenna, satellite, or OTT service, you should look for cheaper cable and internet services. Yes, it is the last solution to help you lower your monthly bill – if it is out of your budget. However, it is only possible if you haven’t signed a long-term agreement with your Internet Service Provider. Otherwise, you will have to pay a termination fee instead.

Final Thoughts

After following the above-mentioned steps, you can save several dollars monthly. But it looks like you want to save more. So, let’s explore! If you want to save more money, disconnect the TV and get the streaming services. They are cheaper. You might get a fewer number of channels but they would be the absolutely necessary ones.

 

 

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