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<v Speaker 1>Hi, I'm Stacey Hyde and I'm back with another episode of Better Financial Health in 15 minutes or less.

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<v Speaker 1>And what I want to talk about today is are you overpaying for convenience?

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<v Speaker 1>Yes, it's easy to set stuff up on autopay, but then what happens and I will say, my number one personal beef with this is on my internet bill.

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<v Speaker 1>So you set these up where they automatically deduct each month.

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<v Speaker 1>They send you an email and then they usually send you the email the exact day that they're debiting your account.

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<v Speaker 1>So you don't get much time to take action and if you don't take action it just goes through and for the most part that works out well.

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<v Speaker 1>But what happens if they raise the rates and maybe Xfinity Comcast is kind of notorious for this you sign up with them, you have a one-year or two-year guaranteed rate and you get to the end of the rate and then all of a sudden what you were paying $50 for is now $90 a month and you're like whoa, what happened here?

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<v Speaker 1>But then your life is busy and you forget to look at it, you forget to call and it continues on, and then next year they come and they raise it again.

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<v Speaker 1>This can happen with your cell phone bills, although I will say cell phones.

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<v Speaker 1>I personally have not had as much issue with that.

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<v Speaker 1>In fact, our cell phone bill's actually gone down a little bit, but you certainly see it there.

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<v Speaker 1>I know we recently signed up for a car wash membership and the intro was $10 a month for any of their washes.

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<v Speaker 1>Well, so most people signed up for the highest level because it was the same price.

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<v Speaker 1>But then what happens is, once they get to the end of that four-month promo, they're going to be paying $40 or $50 a month, and are they still using the car wash that often?

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<v Speaker 1>And what are they getting?

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<v Speaker 1>Do they actually need something lower?

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<v Speaker 1>Do they even need a membership at all?

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<v Speaker 1>Should they just pay for when they get their car washed once a month because they don't always want to go to that one?

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<v Speaker 1>So those are some things that you really want to look at.

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<v Speaker 1>Gym memberships can be the same way.

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<v Speaker 1>You know you're signed up for it and if you're not going, what's happening there?

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<v Speaker 1>So you really it can happen.

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<v Speaker 1>You know we talk a lot about streaming services and, yes, netflix has had quite a few increases over the years, but it's not just those types of things that can get on auto pay.

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<v Speaker 1>It's other things as well and you really want to pay attention.

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<v Speaker 1>I think what I would recommend is, this weekend, sit down, spend 30 minutes and go through your credit card bills, your bank account statements, and see what is going on, what you're paying for.

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<v Speaker 1>For example, I love my Sirius XM radio.

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<v Speaker 1>I know I'm supposed to be cool and use Spotify, but I just like turning on my car and the music I like playing and not having to listen to commercials.

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<v Speaker 1>But I've learned that I put a reminder on my calendar when my contract's about to end the fixed rate and I call and cancel and they always give me the same rate I was paying.

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<v Speaker 1>Before.

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<v Speaker 1>The same thing happened to my New York Times subscription.

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<v Speaker 1>I was going to cancel.

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<v Speaker 1>They offered to leave at the same price.

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<v Speaker 1>I stayed, but I have to be vigilant next year in order to keep it from going up.

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<v Speaker 1>So it is convenient to have it automatically in there and you don't have to worry about it.

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<v Speaker 1>But it also makes it easier for them to raise prices and so many people forget.

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<v Speaker 1>So take it from me and I'm gonna take my own advice and reach out to Xfinity and get my internet bill lowered back down.

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<v Speaker 1>So thanks for tuning in and if you drop a comment in our socials, let us know how much money you were able to save by renegotiating your contracts.

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<v Speaker 1>Thanks for tuning in.

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<v Speaker 1>This has been another episode of Better Financial Health, in 15 minutes or less.