While the phone bill isn't the most significant, it can make a difference in the long run. It would be even better if you could virtually eliminate the phone bill entirely. There are various ways that you can eliminate your phone bill completely, and none of them are overly complicated.
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Pay by the year. Companies like Vonage offer you the ability to use the internet as a phone. They do this by using a jack that hooks into your computer and acts as a phone connector. The internet itself is the service, the jack just serves as a translator. You pay a very small fee once per year, which obviously is better than a monthly charge. It costs about 95% less than a traditional phone service.
Get a bundle package. Most phone companies give customers the option of bundling all you're services into one. This allows you to save a lot of money. You can pay for internet, phone and cable all in one package and save a significant amount of money in the process. Most traditional cable or internet providers offer this option.
Limit your services. Phone companies won't tell you this, but you can deduct certain charges from your bill. Caller I.D. and 411 are two examples of "extras" that aren't really required for you to use the service. If you call your phone company and ask that some of these extras be removed from your bill, you can significantly reduce your bill each month.
Negotiate. Always try to negotiate the initial estimate that a phone company gives you. They won't tell you that the price is negotiable on the commercial, but they would rather have some business than no business at all. For that reason, you can negotiate the price by maybe 10-15% and maybe more. This will allow you to reduce your phone bill and save money in the long run.
Get a better long distance plan. Most phone companies offer a long distance plan, which allows you to call anywhere in the country for a low rate. However, most people get basic coverage initially but then run up the phone bill due to excessive long distance charges. So, if you're going to use long distance a lot, it might benefit you to get good long distance coverage.