Trim (asktrim.com) Review: Save Money On Your Cable, Internet, Phone Bills (Free 14-Day Trial)

Contents

1 Trim 14-Day Free Trial
2 Trim Features
3 Trim Premium
4 Trim Fees
5 Bottom Line

Trim is welcoming new users with a free, 14-day trial of their Premium service. Trim helps you cancel your unwanted subscriptions and lower your monthly bills by negotiating with your providers. They recently rolled out their Premium service, so there’s even more features to explore, such as a high-yield savings account and financial coaching. Keep reading for more on Trim and their free trial offer.

Current Offer at Asktrim.com

Bonus offer: Get $200 cash for a new checking account with Chase…

Trim 14-Day Free Trial

Trim is offering a free 14-day trial of their Premium service. Simply navigate to the Trim website and click on the “Start Free Trial” button. This offer is valid for new users only.

Current Offer at Asktrim.com

Trim Features

Trim helps you save money by cancelling unwanted subscriptions and negotiating bills on your behalf. Unlike other bill services, Trim is not an app. Instead, you register for an account on their website, then all interactions are done via SMS text messages or Facebook Messenger. By not going the app route, the process feels more like you’re chatting to someone about your finances.

Canceling Unwanted Subscriptions

Trim works like a personal finance bot that goes through your transactions to find recurring subscriptions. They’ll send you the services they found, along with how much you’re spending on them. You select the services you don’t want, and Trim will cancel them for you, updating you throughout the process.

Lowering Your Bills

Trim will negotiate your cable, internet, phone and medical bills on your behalf, to make sure you’re getting the best possible rates. Simply submit a bill for negotiation and provide a payment method. Don’t worry, they won’t charge your card unless Trim saves you money. They will contact the provider to negotiate, and you’ll be notified if Trim can save you money. If successful, they’ll charge you for the negotiation three days later.

Other Features

Trim doesn’t have serious budgeting tools, but they will help you analyze your cash flow. You can set alerts for upcoming bills, track your net worth, and receive text alerts on how much you’re spending at different merchants.

Trim also works with sponsored personal finance products – insurance companies, banks and more – to help you find more ways to save.

Trim Premium

Trim offers a new paid service with a savings account, automatic credit card payments, debt calculator and financial coaching.

Trim Simple Savings

Trim’s automated savings account comes with a 4% annualized bonus on your first $2,000. After that, the rate drops to 1.1%, which is still slightly higher than the average APR. All funds are FDIC-insured up to $250,000.

Click here for the best savings accounts and savings rates.

TrimPay

TrimPay helps you pay off your credit card debt. Simply pick a credit card, set up automated weekly bank transfers to your TrimPay savings account, and select the day of the month you want to pay your credit card bill. You can withdraw funds from your TrimPay account, if needed.

Debt Calculator

When you link all of your accounts, Trim can help you build a payoff plan to minimize interest.

Financial Coaching

Premium members get unlimited email access to a team of financial planners. You can ask them questions related to personal finance, such as creating an emergency fund, paying off debt, and saving for retirement.

Trim Fees

It doesn’t cost anything to open a Trim account, and many of their services are offered for free, including: finding subscriptions and canceling them, setting up spending alerts and personalized reminders, detecting overdraft or late fees and fighting them, and accessing your personal finance dashboard.

Bill negotiation comes at a cost, 33% of your total annual savings. That means if Trim saved you $20 a month on your cell phone bill, or $240 for the year, you would pay $79.20 for the negotiation service. This fee is only applied after Trim successfully lowers your bill.

Trim Premium will run you $99 annually.

Bottom Line

Trim is a solid solution if you need help cutting back on your extra spending. The service will save you money by cancelling unwanted subscriptions, lowering recurring bills and more. All you have to do is give them the word, and they’ll take care of it on your behalf.

Current Offer at Asktrim.com

Other bill cancelling and negotiating services include Billshark and Truebill.

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