Personal Finance News Tuesday 7/9

Phil's Personal Finance Tip of the Day:

Money-saving secrets cable companies don’t want you to know

Think you're overpaying for cable? Good news: We've spoken to a few consumer-savings experts who share some cable industry secrets on how to save.

 

By Diana Bocco | Yahoo! Homes 

 

Ever wonder how your friends and neighbors are scoring such great deals on cable, yet you're left digging through your coin purse to pay for your cable bill?

Well, dig no more. We've spoken to a few consumer-savings experts who share some cable industry secrets on how to save.

Keep reading to uncover potential savings strategies…

For the Most Savings, Switch Providers Annually

Companies are constantly rolling out new specials to entice consumers to switch to their service, says Andrea Woroch, a consumer-savings expert for Kinoli, Inc, a company that creates online and money-saving mobile solutions.

"New client discounts are very common for cable and Internet providers," says Woroch, who adds that discounts can come in the form of lowered monthly rates, special rebates, or free movie channels.

However, these promotions expire after a set period of time. As soon as this happens, you should see what a new provider is willing to offer for your business.

Essentially, the best way to get continued savings is to be a new customer, so make sure you exhaust all the options in your area before sticking with one provider for lengthy period of time.

But what if you're locked into a contract for say, two years?

If you're in this situation and want to end your service early, you should read the fine print on your contract and see what the early termination fee is, says Teri Gault, founder and CEO of The Grocery Game, a money-saving website.

"If you are locked into a plan it might still be worth it to pay the disconnection fee and look for alternatives that will fit your budget," Gault explains. You just have to make sure the savings outweigh the costs.

Another tip? Target companies that are new to your neighborhood first.

"If a provider is new in your area they will be offering some good deals and low-priced packages in order to get more customers signed up and switched over to their company," according to Gault.

[Are you ready to save money by switching cable providers? Compare rates from providers now.]


To read the entire article from Diana Bocco | Yahoo! Homes :
http://homes.yahoo.com/news/secrets-to-save-on-cable-210126433.html


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Hi my name is Philip J. Miano and I am the founder of PJM Personal Finance and Productivity Coaching specializing in Budgeting, Debt Reduction, Bank Reconciliations, Goal Setting, Time Management, and Organizational skills. Please visit my website: http://pjmcoaching.com.