Trim Review: An App That Saves You Money on Autopilot?
Saving money on trim review app that does not have to be complicated. We rounded up the essentials so you can spend less and skip the guesswork.
Key Takeaways
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- Trim (also known as Trim Savings and AskTrim, and now owned by OneMain Financial), is a tool that promises to save you money effortlessly th...
Trim (also known as Trim Savings and AskTrim, and now owned by OneMain Financial), is a tool that promises to save you money effortlessly through automated bill negotiation and canceling unwanted subscriptions.
But is it as simple as signing up and letting Trim be your automated personal finance assistant?
In this Trim review, you’ll learn:
- How Trim works.
- What Trim offers.
- What Trim costs.
- How Trim makes money (and when you’re charged).
Trim specializes in bill negotiation, charging a 15% success fee on the annual savings achieved. This fee is billed up-front. This is the lowest cost among the top bill negotiation services. It also offers free subscription cancellation services, and a simple but helpful free budgeting tool for those looking to monitor expenses. Trim is ideal for people who value convenience over DIY savings.
Pros:- Free to sign up.
- Negotiates for lower telephone, wireless, cable, satellite radio and internet bills.
- Can get you credits from your cable or internet provider for a power outage.
- Trim's 15% success fee with no monthly subscription cost is the lowest pricing among competitors.
- The success fee is charged up-front after a successful negotiation, which may increase your expenses in the current month.
- There's a mobile-optimized website, but no mobile app.
Table of Contents
ToggleHow Trim Works
Budgeting apps have changed the way people manage their finances.
We no longer need to break out a spreadsheet to budget, or log in to all of our accounts to see how much we’ve spent. We can see our cash flow in seconds just by opening a single app.
While these tools offer an array of useful features, they have their limits. And at the end of the day, these tools are not playing an active role in helping us make the most of our money.
That’s where Trim aims to fill a gap in the market. The service tries to actively help you manage your finances, even going as far as saving money through the use of artificial intelligence.
You get started by signing up for Trim and linking your bank account and credit card accounts. Trim then shows you the different ways it can help you save money:
What Trim Offers
The number of ways Trim can help you save money is growing.
However, what the service is most well-known for is its automated bill negotiation tool and the ability to cancel unwanted and unused subscriptions.
This is a smart strategy for Trim, as negotiating your bills and canceling subscriptions are small wins that deliver big results.
The service can and has won users over with these quick wins.
Here’s how these features work:
Trim Bill Negotiator
Overview of how the Trim Bill Negotiator works.Trim can negotiate your bill with any internet, cable or cell phone provider. Before being acquired by OneMain Financial in 2021, they did offer credit card APR negotiations in addition to medical bill negotiation, but these services are no longer offered.
How it works is that after you sign up, you’re asked to link your service provider and, if not listed, upload your latest bill.
Trim will then use a chatbot (or someone from Trim will place a phone call) to negotiate.
What’s nice about Trim’s bill negotiation service is that it constantly monitors your bills for ways to save money.
For example, say that your cable bill goes up after the initial 12-month promotional period, or that there’s a good limited-time offer you weren’t aware of; in either case, Trim will attempt to negotiate a better rate.
Trim charges up to 15% of the annual savings it achieves on your behalf after a successful negotiation. (The fee varies depending on the service provider.)
So, if Trim saves you $200 per year on a bill, its cut would be up to $30. This fee is charged up-front , their FAQ states within seven days of a successful negotiation , not on a month-by-month basis.
If you’re the type who never negotiates, this one-time fee could be worth it.
However, if I had a substantial bill I hadn’t negotiated in a while, I’d try negotiating myself first. Then, I’d sync the account with Trim.
Knowing this, I still gave Trim the chance to negotiate on my behalf.
My issue was that I don’t have much to negotiate. My current breakdown of cell phone, cable, and internet service providers are:
- Cable and internet: I pay $54.99 to Comcast for limited basic cable, HBO and performance internet.
- Phones: For two phones, I pay on average $24 per month for 2 GBs of data through Xfinity Mobile.
- Utilities: Local utilities are non-negotiable through the city.
So in terms of large, recurring utility and service bills, there wasn’t much for Trim to do.
But one benefit of linking your accounts is that Trim may be able to get credits for cable and internet outages. This is where I’ve personally seen the most savings.
On three separate occasions, Trim has been able to get a credit applied to my Comcast account.
Here’s a $10 credit negotiated in November of 2017:
And a $20 credit negotiated for me in October of 2018:
Note that in 2022, Trim lowered its success fee from 25% to 15%.The third time was in January of 2019. The message I received from Trim was that it was a $20 credit, but a $30 credit appeared on my Comcast bill.
Here’s the notification from Comcast:
I have to admit, these notifications are fun to get. I gladly pay 15% for this service, as most of the time I wasn’t even aware there was an outage.
So in my situation, Trim’s bill negotiation service has resulted in a nice win and has been well worth the few minutes it took to sign up.
Related reading: How to get free internet (legally).
Cancelling Unwanted Subscriptions
The other feature that gets a lot of press is Trim’s subscription cancelation service. With a quick text, Trim can cance
Final Thoughts
The bottom line: a little research on trim review app that goes a long way. Compare your options, watch for seasonal offers, and never pay full price when a better deal is one click away.
Originally published at thewaystowealth.com.
R.J. Weiss
Our editorial team researches and verifies every money-saving guide before publishing. Editorial policy · About us
