If you know when your renewal dates are, you can really start to take control over your finances. This is probably the most important thing you can do if you want to avoid overspending on your household bills. In all honestly, do you know when your renewal dates are?
When is your MOT due? Or when does that 0% rate on your balance transfer credit card run out? When does your broadband contract expire? When does your car insurance run out?
You must know your household bills renewal dates
These are the key dates you have to know as the person paying for these services. Knowing when these dates come up is absolutely essential to managing your household bills. Why? Saving money is not just about getting car insurance £100 cheaper when you go on a comparison website.
It’s knowing that your credit card 0% balance term has finished, and that after that date, you will start paying a high APR on your debt. It is knowing that the optimum date for your car insurance renewal quote is three weeks before your actual renewal date. Furthermore, it is also knowing that you never, ever, let any insurance auto-renew. If you don’t get a quote for car insurance three weeks before the renewal date, you WILL pay more. You WILL pay more if you let your credit card term expire without switching it out to another 0% balance transfer card. If you don’t find a new deal on your broadband, you WILL be paying more than everyone else, who has faster fibre and who is paying less than you.
How do you find your renewal dates?
Tricky. These pesky companies like to hide this important information so you end up paying them more. Some companies provide this information. Some don’t even provide it in your account. Plusnet Broadband, for example, does not show you your broadband contract renewal date. You have to work it out yourself from the date of the order and the length of the contract. They know the date in their systems, but won’t show it to you.
Often times, credit card companies won’t show when your rate ends. You either have to work it out yourself or call your provider. There are also three important dates on a 0% balance transfer credit card: (1) there is the date that the 0% balance runs out (after which you pay interest on it) and (2) there is also the 0% purchase period (after which you pay interest on the separate balance) and (3) there is the money transfer period (after which you pay interest on that balance). You can work this out from your statement, or contact your credit card company.
Things like MOT and Car Tax are easy to find. There is a government website that can tell you your MOT date by entering your registration number. Car insurance and home insurance is a bit more tricky, but it will be on your policy documents.
Council Tax runs from April to April every year, but some people pay it over 10 months and some pay it over 12 months.
Energy is a little more complicated. If you have a variable tariff (and why would you?) there is NO end date. If you have a fixed tariff (much better) then there will be an end date. It can be 12 months, 18 months or 24 months. The end date will be shown on your bill. Your energy provider is required to send out a contract reminder six weeks prior to the end of the contract.
Save money on household bills with Bills Dashboard
Of course, if you found out your dates and entered them all into Bills Dashboard, you would start to avoid all the additional hassle and overspend from not knowing your renewal dates. We’ll send you a reminder for all your household bills and admin, including car insurance, MOT, energy, broadband, home insurance, 0% credit cards, mobile phones and more.
Why not start taking control of your household bills by registering for a Bills Dashboard account today and enter your details. It’s free.