How One Woman Saved Over $500 In Hours
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With so many companies going to paperless statements and consumers paying their bills using online banking, many people are losing sight of few things. We are losing sight that companies still make many mistakes with their billing, by are adding phantom charges and fees to their consumers. I will show how a colleague saved over $500 within a few hours reviewing her billing statements.
9am- After reviewing her phone statement, she realized the was being charged for two plans. A few months ago she switched long distance plans to save money, but coincidentally the phone provider never removed her previous plan. After disputing these charges, they removed them from her bill, which saved her $32 on her monthly bill, and credited her account for $90 for the previous month’s charges. Total Saved(32 + 90)= $122
10am- Feeling inspired, she checked her past 3 monthly statements of her cell phone statements. She realized that she had consistently exceeded her anytime minutes on her wireless phone plan. After calling the cell phone provider to discuss different plans, she was able to choose a plan that gave her more minutes, and $20 cheaper. Also, prior to accepting the new plan she asked if the new plan could be added retroactively, which would rescind her overages charges from previous 3 months….and they agreed!! The only caveat was that she had to sign an one year contract to get her current plan. Total Saved($20 + 120)= $140.
Noon- A few months ago my colleague had minor outpatient surgery. When she received her hospital bill from health insurance provider, she was charged $600. After reviewing her statement, she realized the insurance company charged her for a procedure that was not done on her. After disputing the bill, and a minor battle with her health insurance provider they amended the bill, and her the amount she owed decreased by $250. Note… When dealing with hospital bills always ask for itemized statement so you can verify every charge. Total Saved = $250.
So if you think reviewing your billing statements are not necessary, think again! Just allocate a few hours every month to review your bills, and you will certainly come out on top.
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2 Comments on this post
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Captain Cool said:
This article is really very interesting one. Actually its very important to view your bills so that you can save a lot of your hard earned money. Most of the time it so happens that we just have a glance of the bill amount and pay it up to avoid disconnection of the service but when we have a thorough view, we realize that we have paid more for what we have used. Though going paperless is a very Eco-friendly idea we should always go an itemized bill as mentioned clearly in this wonderful article so thatwe end up saving rather than losing our money.
November 5th, 2008 at 2:30 am -
Kerry said:
This is a very good habit to get into. We all need to review what we are paying and to whom. For example, I checked my grocery receipt last week and discovered I was overcharged $9.20.
November 8th, 2008 at 2:27 pm