Bundle Up: Best 3 Ways to Consolidate Bills and Save Money

We know that buying in bulk at the grocery store is a sure-fire way to see a smaller number at the cash register. We look for buy-one-get-one-free deals on everything from cell phones to shoes. Yes, we’ve learned that sometimes buying more is the best way to pay less. That can be true for your monthly overheads, too. Cut back on costs and maximize value with these bundles.

Millennial man looks at Security Camera on Laptop

Cable, Internet, Phone and Home Security

Most cable companies specify packets that allow you to bundle your internet and cable subscription together, for a discounted toll on each. Some of today’s plans likewise volunteer a residence telephone, and even a cell phone plan as part of a packet — potentially saving you far more than if you pay off each work separately.

The recent in bundling is the ability to add a smart home insurance due. Your regional internet or cable provider may require a dwelling insurance option with live video streaming and 24/7 professional monitoring. You can connect the organizations of the system to your smart-alecky home designs and monitor them all from your smartphone.

Another benefit to bundling these services together is that you can usually monitor both your cyber security and home security from a single app. For instance, you can be notified if any new devices sign onto your dwelling network through the same app that alertings you if your action sensors spy flow. With one app, and one proposal, you have the eventual controller over your telephone, internet, cable and residence security services.

Man buying home insurance

Home, Auto and Life Insurance

Speaking of dwelling security systems, if you do have one, be sure talk to your home insurance company. Many home insurance policies include deductions if you have a home security system in place. For more savings, bundle your insurance policies as well. You could see deductions between 5 and 25 percent for bundling residence, vehicle and life policies together.

Bundling insurance policies too means you have just a single payment to keep track of each month rather than two or three different bills.

Man looking at many bills

Loans, Charge card and Other Indebtedness

One of the first bits of admonition any financial advisor will give is that consolidating your pays is a good thing. When you combine your pay into as few fees as possible, you can reduce the overall interest you compensate, introduced more of your monthly fees toward the principal and potentially raise your overall credit rating.

Speak to your bank and find out if you can get a consolidation loan, or move your credit card matches to a zero-interest card. Just be sure you liquidate close attention to the terms of the loan or give — if the interest rate spikes before you’re able to pay it off, it could cost you more in the long run.

Bundling saves coin and maximizes price, whether it’s paying for home progress, assurance, utilities or debts. If you’re looking for ways to cut down your outlays, searching for potential sheaves is a great place to start. While you’re at it, expect customer service representatives if there are any additional rejects you might qualify for.

Patrick Hearn is an Atlanta-based gadget-lover and tech scribe for Xfinity Home. He’s a big fan of finding smart ways to see life more convenient and less expensive.

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