There was a time when taxes, water, and electricity were enough for us to worry about. Then the internet came along, meaning that there are more bills now for the masses to pay. Yet there are some little tricks to consider that could lower your internet bill considerably.
One key factor to consider is internet speed. There are plenty of internet companies that provide different speeds for different prices. Despite the tempt of going for the highest speed, consider how much you need the internet for and what exactly you use it for.
If you’re not the type to stream a lot of online TV/movies, playing games or sharing devices with others, then a slower speed might make more financial sense.
“The cost of the actual data has gone down so much, I would certainly advise looking at the options,” Bankrate’s chief financial analyst Greg McBride said. “You may not generate enough tangible savings to make it worth your trouble.”
Depending on where you live might determine which internet provider you can use. The Institute for Local Self-Reliance recently released a report that suggests that nearly 130 million people only have the option of one internet provider.
However, you may have a choice of many if you live in the right area. If you go on BroadbandNow.com, all you have to do is type in your ZIP code and you’ll be able to find the answer.
“If you live in an area where you have multiple broadband providers, leaving one to go to the other will either get you the lower rate at the other or will get you a lower rate at your existing provider as your incentive to stay,” consumer platforms analyst Avi Greengart said.
It might seem like an obvious piece of advice, but buying your own modem or router can lower your bills considerably. Many pay annual fees, but there is the option to buy if you have no plans on moving anytime soon.