Review These 5 Contracts Each Year to Save Money

Blue Trust Loans

Most people enter into contracts on a regular basis and the average person probably has multiple contracts that impact their finances every month. If you find yourself entering into contracts on a regular basis, you may want to review these contracts regularly to make sure that you’re not paying more than you should. These five contracts are some of the most common ones that the average person should review every year to make sure they’re not paying too much.

Cellphone Contract

Many consumers pay too much for their cellphone contract every month. If you’re paying for things that you don’t use on your cell phone, you could save a lot of money by cutting those extra features out. For example, you might be paying for unlimited Internet access on your phone but you only use it occasionally. Some people pay for unlimited text messaging and only use a few text messages per month. Review your bill and see what you’re actually using. Then see if the cellphone company offers a cheaper option for you to choose. By doing this, you could save yourself some money every single month.


Most households pay for some kind of television subscription, whether it’s through satellite or cable. If you find yourself paying for one of these two subscriptions, consider cutting down your subscription to save money. Many people opt for the premium TV subscription and then never watch the vast majority of the channels. If you fall into this category, you may want to cut your subscription down to a more basic channel lineup. In some cases, you can even cut out your TV subscription completely. With the availability of online TV streaming, you can usually find most of the shows you want online for free.

Car Insurance

Your car insurance policy is a contract between you and your insurance company. Although you must have auto insurance if you drive a car, you don’t necessarily have to pay an arm and a leg for it. Every year, it’s a good idea to shop around and make sure that you’re not paying more than the market rate. In some cases, you can switch to another insurance company, get the same service, and pay less in premiums. Call around to some different insurance companies in your area to get quotes. You may also want to shop around online to see if you can find any good deals. Ask your own insurance company if you’re getting all of the discounts that you’re entitled to. For example, you might qualify for a good student discount, a safe driver discount or a mult-line discount.

Rent Contract

If you’re a renter, you might be paying too much for rent. If you’ve been in the same place for a long time, you might be able to negotiate a cheaper rent contract with your landlord. If you’re a good tenant, your landlord may be willing to concede some money in rent in exchange for the regular rent payment that you provide.

Movie & Game Subscription Plans

Many people today pay for movie and game subscription plans. Plans like Netflix and Gamefly provide customers with an opportunity to enjoy entertainment from their homes. You can get movies and video games sent to you through the mail. You can even stream many movies and TV shows straight to your TV. While these plans can be convenient, they can also get expensive. Look to see if you could reduce your plan to a cheaper one. For example, if you have the three DVD plan from Netflix, you might be able to get by with one DVD or two DVD’s at a time. If you never watch the movies or play the games that you’re paying for, you might want to cancel the contract completely. You can always cancel it and join again later if you find that you miss the movies and video games.

If you are looking to renew your car insurance policy, you should do an auto insurance comparison to see which insurance provider is most affordable for you. Go online to to see which insurance provider offers the cheapest insurance quote.

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