Once per year, shop and negotiate every major recurring bill: car insurance, home insurance, internet, phone plan, and utilities. Loyalty rarely pays — switching or threatening to switch typically saves $500–$2,000 per year.
Everyone. Most people overpay simply by never checking. Set a calendar reminder annually.
List every recurring bill: car insurance, home/renters insurance, internet, phone, utilities.
Get competing quotes for each insurance policy from at least two providers.
Call your current providers with the competing rates in hand. Ask for a match or a loyalty discount.
Switch when the savings clearly justify it. Redirect savings to a defined financial goal.