Did you know that most people continue to pay for dating apps 13 months after they stopped using it? Habits are hard to break and big companies count on that.
Many of us don’t realize the tactics big companies use to keep your bills running high. The good news? We found a company that negotiates better monthly rates on your behalf, for everything from your internet to your home security. This consumer advocacy company does it all for you. Why does it work? Because the founders were big company insiders. Now they work for you.
How companies trick you out of your money
The guys who started Billshark?used to work for the big telecom companies. These founders know the pricing tactics used by big companies. Now they can use that knowledge to help level the playing field. The Billsharks are dedicated to helping you save money.
Companies do all kinds of funny things to trick you out of your money. Here are a few examples:
Hidden bundled services that you no longer use
Small prices increases that accumulate over time (aka death by a thousand paper cuts)
Lowered rates in your area (no one tells you)
The re-naming of your plan with a slightly different name (and higher fee)
How Billshark negotiates and saves you money
Billshark has an 85% success rate negotiating bills for cable, phone, internet, satellite T.V., satellite radio, and home security.??On average, they save their customers $280 per year. One family was able save $2,000 per year using the service.?Ironically, several big companies have hired Billshark to negotiate lowering their employees’ monthly bills, as a benefits perk. Pretty neat.
Why they’re so good at lowering your bills
Most of your bills have extra charges. Billshark can quickly identify and eliminate these pricing inefficiencies.?Here is one of our favorite examples: their pro-active price alerts tells them when AT&T changed the prevailing rates in your area. That means they can negotiate a lower rate for you when the prices go down.
How much does this cost?
The Billshark won?t charge you anything unless they successfully negotiate bills, then they charge 40% of the savings. Yes, that sounds like a lot. But look at it this way: you are saving 60% of what they negotiate. If they save you $1,000 in a year, that is $600 that goes back into your pocket.?These professional negotiators only make money if they save you money.
The 40% needs to be paid up-front, once you’ve received confirmation of your monthly savings. The good news: you can spread this payment out over time.
Can I do this myself?
Most people don’t realize that negotiation is a skill that takes time. We don?t have the time to do it, or would rather avoid conflict.?Billshark are professional negotiators who know the industry, the pricing strategy, and the buttons to push to get you the highest savings.
?We do it better?- BillShark CEO
Could you do this yourself? Sure, eventually. It would take a lot of research and multiple calls. Remember, these guys used to work for the big telecom companies and understand how they think. Unless you have the time to go Sherlock Holmes, let the Billsharks lower your fees for you.?
How it works
It’s pretty easy. Simply download the app (or go to the website) and upload your bills. Within minutes they will be able to give you an estimate on savings.?
How they give back
Billshark cares about helping people become financially literate early in life. Under their 1 Bill, 1 Hour, 1 Child program, the team donates 1 hour of financial literacy instruction to a child for every bill they negotiate.
Solar panels aren?t a viable option for everyone. Some people live in buildings that don’t allow solar panels. The price of the solar panels may also be a deterrent. Now you can change your power bill to a clean energy bill, without solar panels.
If you?re paying an electric bill, Arcadia Power can switch your bill to clean energy.
Here?s how they do it.
How Arcadia switches your power bill to use clean energy
Arcadia Power buys Renewable Energy Credits (RECs) from national wind farms and pays the utility companies on your behalf for your energy usage. The process is very easy to set up and only takes 5 minutes.
Set up an account with Arcadia Power.
Direct Arcadia Power to take over payment of your energy bill by linking your utility account.
You pay Arcadia and Arcadia pays the utility bill and matches your usage with Renewable Energy Credits (RECs).
All of this is managed on the platform.
What it costs: Free plan: switch 50% of your energy bill to clean energy. Meaning: you just continue to pay what you would have paid for your power usage. Alternatively, there?s the Premium plan:switch 100% of your power bill to renewable energy for $0.015 per kilowatt hour (that comes out to $5 – $20/month more depending on your energy usage).
Arcadia gives you a nice dashboard showing your energy consumption and how much came from traditional v. renewable energy. We liked this dashboard because it helped us become more conscious of our energy usage (e.g. turning off the lights when you walk out of a room).
Once you?ve set up your account, you get $20 off your next energy bill.
That?s it. 5 minutes to do some good in the world and save yourself 20 bucks.
Why is this so easy?
The availability of RECs, Arcadia?s network of wind farm partners, and Arcadia?s ability to pay your utility company on your behalf makes this whole thing possible.
Here?s how RECs work. Renewable energy has two components: the physical electrons and the corresponding Renewable Energy Certificates that track clean energy production. Think of RECs as the currency of the renewable energy market.
When electricity from a wind farm is produced, it is fed into the grid. Once it?s in the grid, there is no way to distinguish clean energy electrons from any other type of energy (nuclear, fossil fuel, etc.). That?s where RECs come in. RECs track how much energy was sent by the wind farm to the grid. Once a REC is used for payment, it cannot be re-used.
When you direct Arcadia to pay your power bill on your behalf, and by matching your usage with RECs, you are helping drive up demand for renewable energy. This is helping our world, and it only takes 5 minutes.
We tried it!
We switched our energy to Arcadia Power. Here?s the actual process.
Step 1: ?enter your email and land on their dashboard
?Pretty straight forward. After you enter your email, you’ll be taken to their dashboard. After you go through the process, this dashboard will show your traditional energy usage v. renewable (aka clean) energy usage.
Step2: Link your utility account.
Select your state and your utility company. Easy. Once you link your account on Arcadia’s secure system, they’ll monitor your current and historical energy usage.
Step 3: Select a membership.
There are two options.
FREE PLAN: Arcadia pays 50% of your power usage with renewable energy credits (this costs you nothing extra ? just pay your power bill as you normally would). You also get a few other freebies like Price Alerts and the Dashboard.
PREMIUM PLAN: Switch your entire energy bill to renewable energy. This is $0.15 per kilowatt hour more. That?s about $5 – $20 more per month added to your power bill, depending on how much power you use. Start or stop anytime. There are no contracts.
Step 4: DONE!
Congrats. They get your account set up with the utility and send you a confirmation email. That’s it.
Now it?s your turn to use your power as a consumer. Take a few minutes to make this important change and save yourself $20 on your next power bill.