Truebill is one of the best apps you can use to improve your financial health and personal spending. It tracks, finds, manages, and even cancels recurring bills on subscription services. Simply connect your credit card or bank account statement to the app within a few clicks, and you are good to go.
A recent study found that 80% of Americans spend up to $250 per month on unwanted subscriptions. And this is where Truebill comes to your rescue by canceling unwanted subscriptions and thus lowering your monthly bill. Let’s explore some of the best features that this app has to offer.
Have you ever heard of a bill negotiating app? Well, that’s what Truebill does best. The app works with major services such as cell phone, cable, home security, and others to negotiate price reductions on your behalf. Today, the app boasts 85% success in negotiations.
The process consists of 4 easy steps. First, you select the bill you need negotiated, connect the bill to the app, enter negotiation details such as services to be dropped, and confirm the payment method. If the negotiation is successful, Truebill will charge an upfront fee of 30% – 60% of the annual savings you gain from the deal.
According to user reviews, subscription management is one of the app’s best features. It literary takes less than 2 minutes to sync your credit or checking accounts to Truebill and check all your recurring bills. These include Hulu, Netflix, Max, Apple, iCloud, and others.
After getting a report on these subscriptions, you can choose which ones to keep and which to cancel. Truebill lets you do this instant rather than the manual option, which can be tedious and time-consuming. By eliminating unnecessary subscriptions, you save on your monthly spending.
Truebill’s Premium Features
The premium features outweigh the $4.99 monthly cost. Here, you get access to automated savings, auto cancellations, custom spending, overdrafts, and refunds.
For example, if you have overdrafts for the first time, the app automatically negotiates for an overdraft fee waiver on your behalf if you are using its premium feature. Supposing the fee was $35, getting a waiver could be beneficial. The automatic cancellation is also a big bonus.
Spending and Budgeting Insights
Besides subscription management and bill negotiation, Truebill also has a feature that lets you know how much money you got in your accounts, the amount you paid to subscriptions, miscellaneous expenditures, and balance.
Truebill also categorizes this spending, to help you easily tell areas where you go overboard on expenses. This way, you know your habits and try to control them. You should try Truebill if you have multiple subscription bills to pay and still want to optimize your spending. Without the app, it would be hard for you to notice overspending habits or understand your financial patterns.
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