Trim will enable you to save money by helping you to cancel unwanted subscriptions, alerting you to any fees on your accounts, negotiating lower rates on your bills (like your Comcast or Mediacom bill), and even helping you find lower auto insurance rates.
It’s super easy to use once you set it up, and I can honestly say that in the months I’ve been using it I have saved a decent amount of money. Here’s a look at my visa statement showing multiple Trim credits that have come through recently.
So what do you need to do to set up Trim? First, you need to sign up using either your Facebook account or an email address. Sign up via the link below.
Sign Up For A Free Trim Account Here
After you sign up, all you have to do to enable all the functionality of Trim is:
- Link your Facebook account (so that the Trim bot can send you messages).
- Link your checking account (so that Trim can check for unwanted subscriptions, fees and large transactions, etc).
- Link your Visa account in order enable additional savings and account credits.
No worries about security as Trim uses 256-bit encryption and read-only access to check your accounts.
Once the accounts are all linked, the Trim bot will scan your accounts and look for ways to help you save.
Cancel Unwanted Subscriptions
The first thing that Trim will help you to do is to cancel all of your unwanted subscriptions.
Once you supply your login credentials, Trim will connect to your bank and download your transactions. It will scan your activity and find your subscriptions based on known subscriptions. Right away they’ll send you a partial list of subscriptions you might want to cancel, via Facebook Messenger. You’ll get a full list once the bank information fully syncs.
If you see a subscription in the list supplied to you by Trim that you want to cancel, you just tell Trim to cancel that account.
Trim will contact the biller by email, phone or even certified mail in some cases to make sure the billing stops. Why pay for a service you’re no longer using?
Once your account has synced you can view your subscriptions in your account on the “Subscriptions” page.
If you have a subscription not showing that you believe should be, you can go to the “Spending” menu item on the site, and from that page you can view all of your account spending. Just find the ledger item you want to add as a subscription, click on the gear icon on that line, and select “This is a subscription”.
Lower Your Cable, Internet Or Cell Phone Bill
Trim can help you to save money on your cable, internet or cell phone bill.
You can directly connect your Comcast, Time Warner (Spectrum), and AT&T accounts using your existing login credentials. For all other service providers, you can easily upload or email a bill for Trim to negotiate.
If you’re a Comcast user, for example, you can securely link your Comcast account, and Trim will look over your bill in order to see if there are any applicable promotions or discounts. If there are they will negotiate to get you a better price on your bill, without making any changes to your current plan.
How much will this cost you? You’ll be charged 33% of your annualized savings that Trim gets you. If they aren’t able to find you any savings on your bill – you pay nothing.
I used this service on my Mediacom cable internet bill, uploading a recent bill. After a day or so it alerted me that I had saved $15 on my bill due to a “loyalty discount”.
So in my case I was charged $4.95 of the $15 savings that they found, and I enjoyed the savings that I probably wouldn’t have gotten otherwise.
I save a decent amount on my bill, and they take their fee for the negotiation. Sounds fair to me!
Link Your Visa And Get Account Credits
If you add your Visa card to your Trim account you can get statement credits and savings when you spend money at certain restaurants, grocery stores and other retailers.
Visa credit or debit cards can be added to your account, just add the one you use most. When you use the card at an eligible retailer where there is an offer or coupon available, Trim will apply it automatically and you’ll get a statement credit.
For example, right now when you open an account, the first two times you spend over $25 at a grocer, restaurant or retailer, you’ll get a $5 statement credit.
In my account, I’m currently seeing offers that will give you a $10 credit if you spend $20 or more at any U.S. movie theater (I just used this one tonight, see below!), or get a statement credit of $1 for $5 in spending at any U.S. restaurant. Both of those are things that most people will do on a regular basis anyway, so why not save?
Get Account Alerts
Trim can help you stay on top of your accounts by sending you alerts about your finances. It can alert you to things like large transactions hitting your account, deposits showing up, low balance alerts, unexpected bank fees and more. Just set up which notifications you’d like to receive via the “Settings” menu item.
Trim can also contest overdraft or late fees with your bank if it sees one come through.
Find Cheaper Auto Insurance
Another thing that Trim added recently was the ability to get quotes on cheaper auto insurance. Just go into their “Auto” menu item and enter the details for your car. It will then help you to get a quote from a third party on auto insurance that may be better than what you’ve already got.
Trim Simple Savings
Trim is great at finding savings on your existing bills, but they’re now also going to be good at helping you to save money in a savings account!
Trim just launched a new automated savings account that helps you to save for whatever goal you’d like to save for. Choose a goal, set a target and track your progress in the dashboard.
Trim Simple Savings provides a 1.5% annual reward on your balance and allows you to set it and forget it with automated weekly transfers of an amount specified by you from your selected checking account. The cost of this feature is $2/month.
Trim’s New Debt Payoff Program
Trim recently announced they were releasing a new debt payoff program (focusing mainly on credit cards for now), that they say will help the average user to save more than $250/yr. Here’s how it works.
Credit card debt is one of the most expensive types of debt, and consumers who carry it pay an average of $1,292 per year in interest on it.
- Create a payoff plan: After you click through the “Pay Off Debt” link in your Trim dashboard, the Trim AI will help you to setup a personalized debt payoff plan, based on the credit card balance and APR information from your linked accounts.
- Trim will negotiate your APR: Trim will setup a call to negotiate the interest rates on your existing credit cards. This isn’t negotiating the principal amount, and won’t affect credit score. The hope is that they can save you hundreds in interest charges moving forward by getting a lower rate. For many banks Trim can call and negotiate every 3-6 months.
- Personal coaching: Starting on the first day of your debt payoff plan you’ll have Trim’s financial coaches available to help guide you through the process.
What does this debt payoff program cost? $10/month. They offer a money-back guarantee in case you’re unsure. If you don’t like the service in your first 90 days, they’ll refund any charges in exchange for your feedback.
Is The Debt Payoff Program Worth The Cost?
The average user saves more than $250/yr by having Trim negotiate their interest rate on their credit cards.
So far they’re having a 77% success rate on getting rates lowered.
Depending on how long you used the program it could be pretty affordable, especially if you’re saving hundreds of dollars. Of course, if you’re a go-getter, you could try negotiating your own APR as well, but if you just want them to do it, go for it. If you’re not happy just ask for a refund!
Trim Helps You To Save
Trim is a free service that is worth far more than it’s cost.
It helps you to save money in a myriad of ways, from canceling subscriptions that you may have forgotten about, to finding coupons and savings that you can take advantage of via your credit card.
While I wasn’t sure I could save very much using the service, I’ve come to find that the automatic coupons and account credits that Trim offers just keep showing up on my Chase statement. $1 here, $10 there. I was also happy to receive a credit after they negotiated my cable bill.
It all adds up, and since it’s a free service it doesn’t take very long before you’ve gotten your money’s worth.
I’d highly recommend giving this service a try.
What have you got to lose? Maybe a few unwanted fees and subscriptions?
Sign Up For A FREE Trim Account Here
- Negotiate and reduce your bills
- Automate savings
- Keep tab on transactions
- Set alerts for certain activity
- Pay off debt with their tools
- Fees a bit high for savings account
- Debt payoff program a bit limited currently
If you’re on a tight budget, you may do anything you can think of to save money and make your hard earned dollars stretch further.
While there are plenty of strategies to save money, one technique that has gained favor in recent years, especially with the super coupon phase, is to spend money to save money. However, if taken too far, this technique may actually cost you money.
I went through a time when I spent money to save money, thinking I was being a smart shopper.
I wasn’t, though. Here’s how this technique cost me money and may be costing you money, too:
Stock Up On Great Deals At A Low Price
This is what all smart shoppers do, right? They stock up when things are at rock bottom prices so that they never pay full price for anything. While this is a good technique, too many people carry this too far and buy more than they need.
For instance, when one of my children was a baby, I found a great diaper sale. I stocked up on diapers, making multiple trips to the store. I had diapers to last for a few months. However, my child grew faster than I expected, and I ended up with two boxes of diapers she couldn’t use because she didn’t fit in them any longer. I did sell them on a mom e-mail group, so the investment wasn’t a total loss, but I still lost money because I stocked up too much.
Buying Items Months In Advance
Similarly, some people buy items months in advance when they see a low price. While this is a good practice in general, if your money is very tight, you’re tying up money for something you don’t need right now. This could cause a budget crunch.
We homeschool, and my daughter loves a certain series of history books. There are 30 books in the series, and we have slowly bought her them on an as-needed basis. However, just a few days ago, I was able to snag a Cyber Monday deal and get the books at 66% off their regular selling price. Sure, I grabbed a good deal, and now my daughter has all the books in the series. She will use these for the rest of our homeschool year.
But, because I bought the remaining 14 books all at once instead of a few at a time as I had previously done, I now don’t have that money available in my budget. I’ll be honest—I probably shouldn’t have bought the deal because there wasn’t room in our budget for it. Now, I have to cut some other areas, which will be difficult.
Often It’s Cheaper Not To Buy Anything
Another frugal principle is to wait a certain amount of time to buy something. This principle is often forgotten, though, when people are in a rush to get a good deal and “save” money.
What some people fail to realize is that it’s often cheaper to not buy anything.
For instance, last Black Friday, I went to the fabric store and got some fabric at rock bottom prices. My intention was to sew some historical costumes for my daughters for Christmas. Only, my December was busy, and I didn’t get to it.
This year I also had good intentions, but once again, I don’t think I’ll get to it. Even though I got the fabric for a great deal, I honestly wasted my money because I haven’t yet done anything with the fabric. It would have been better if I just hadn’t bought anything.
As you can see, I’m one of those who likes to spend to save money. Sometimes that works, but often, like the fabric purchase, it doesn’t. I’m trying to become more of a minimalist and recognize that often snagging the good deal isn’t really saving at all.
Do you struggle with spending money to save money? If you do spend money to save money, are there any purchases that you regret?
For the past few months we’ve been preparing ourselves for the exciting event of becoming parents for the second time. We’ve been having baby showers, buying all the baby related items we needed and just stocking up.
Through all this we realized that even before we started buying all of this baby stuff that we were starting to run out of room, and we really had a lot of stuff in the house that we no longer needed.
While we certainly aren’t hoarders (1.4 million Americans DO suffer from chronic hoarding & clutter.), and we weren’t trapped and killed by our piles of stuff like this unfortunate fellow, we didn’t want to have our home stuffed to the gills with things we didn’t want or need.
We decided to simplify, and to declutter.
10 Reasons To Get Rid Of Your Stuff“.
Our Criteria For Getting Rid Of Stuff
- Are we currently using this item?
- Are we likely to use it in the future?
- Is it sentimental?
- Even if we’re using it, does it take up more space than it is worth?
More often than not we’re not really using the item anymore, and in many cases we’re not even sure why we saved it. Old shoes, old magazines and CDs we hadn’t listened to in years went out the door. Old computer motherboards and computer cables? Gone.
Of course there are the exceptions – things that I will always refuse to get rid of – like my guitars and my old baseball card collection.
How To Get Rid Of Things When You Declutter
There are a lot of ways to get rid of things when you declutter your house. You can sell it, donate it, give it away or junk it.
Sell The Item
When we’re deciding what we’re going to do with an item we go through a mental inventory to decide on if the item is actually worth anything. If it is, we try to sell the item. Our favorite places to sell things are online. They include:
We recently sold a couple of old rugs, and some old electronics we had in storage on Craigslist. In the end we made a couple of hundred dollars on the items. Money for baby stuff!
My wife has found she has a knack for selling things like old baby clothes and accessories on Facebook via mommy pages and garage sale groups for our local area. Usually she’ll list more popular items on there and we can have the items sold within a few days. We sold our son’s old baby clothes that we had been saving for several hundred dollars that way.
We’ve also sold old technology items using electronics buying sites. We recently had an old Samsung Galaxy phone to get rid of. We checked prices at a variety of sites, including the ones listed above, and ended up finding the best price with Decluttr.com. We were able to make some money on a phone we weren’t using, and someone else will get a like new Galaxy phone for a low price.
If selling our stuff online doesn’t work, and if we have enough items, we will sometimes have a garage sale.
The problem with garage sales is that far too often you put in more effort to have the garage sale than you actually make in selling the items. Another alternative is to ask family or friends if they’re having a garage sale anytime soon. If they are, ask them if you can bring your items over to sell. We did this last year and sold several larger ticket items – and had fun hanging out with friends all day!
Donate The Item
If we don’t believe we’ll get enough money for the item to make selling it worth our while, quite often we’ll donate the item to a local charity. We have a goodwill store pretty close to our house, and quite often we end up donating the items there. Remember, you can often get a tax deduction if you donate items!
Some options for donating items:
For some more options on places to donate your things, check out this great post: Where To Donate All Your Unwanted Stuff.
Give The Item Away
If you can’t sell the item, and charities don’t take your item as a donation, you can always give the item away for free. Place a free ad on Craigslist offering the item for free – or leave a post on a site like Freecycle.org. Usually you can find a taker for just about any item you’re getting rid of.
Junk The Item
If no one will take your items, even for free, you can always just dump them. If the items are too big to throw in your own garbage receptacle, you can use one of these options:
- Your local dump
- Some communities have a “large trash item” day once a year where they’ll pick up your larger items.
Get Rid Of Your Excess Items – You’ll Be Glad You Did
When we started getting rid of things from our house, at first it was a bit painful. We were both coming up with excuses about how we would use items in the future, about how certain items meant so much to us, and how we could continue to store items because we wouldn’t want to re-buy them again in the future.
In the end we realized that we were making a lot of rationalizations, and that things we weren’t currently using were probably going to remain unused for the foreseeable future. It just made sense to get rid of all these things that were weighing us down.
After we started getting rid of things it felt really good to be rid of all the excess baggage. It was a like a weight lifted off of our shoulders, and we felt so much more free! We have free space in the house!
So if you’re thinking about getting rid of your things – just do it! It may be hard at first, but it will get easier, and the freedom you’ll feel by having de-clutterfied will be priceless!
Have you recently tried decluttering your house? Was it hard to get rid of things – even the things you weren’t using anymore? Why do you think that “things” are able to get such a hold on our lives?