Day 8 of 28 Days Richer
One thing each day that puts money in your pocket and takes 5 minutes or less.
The average household overpays £200-400 per year on broadband just by staying with the same provider – loyalty genuinely costs you money.
Energy and broadband companies offer their best deals to new customers, while existing customers pay the price for not shopping around.
The Loyalty Penalty
You signed up years ago on a decent deal, the introductory offer ended, your price crept up, and you got busy and didn’t notice.
Meanwhile, the same company is advertising lower prices to everyone except you.
Today’s 5-Minute Action
Go to Uswitch, enter your postcode, and see what deals are available for energy and broadband in your area.
The comparison takes under five minutes and you might find you’re paying £30 more per month than you need to – that’s £360 per year straight back in your pocket.
The Broadband Trick
Call your current provider with the comparison results and tell them you’re thinking of switching.
They’ll often match or beat the deal to keep you, so you get the savings without any actual switching required – just the threat of it.
When to Actually Switch
If your provider won’t budge, switch.
It’s easier than you think because your new provider handles almost everything, and broadband switches are usually seamless with minimal downtime.
Set a Calendar Reminder
Put a reminder in your phone for 30 days before your contract ends, as that’s when you have the most leverage.
Providers would rather give you a deal than lose you, so five minutes now means savings every month for the next year.
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