Truebill is a free service that helps you find and cut the hidden costs of your monthly bills. With just one click, it will automatically negotiate with your providers to lower your bill.
The trim vs truebill reddit is a debate that has been going on since the early days of Truebill. This article will cover some of the pros and cons of trimming vs. truebill, as well as how to use Truebill to its fullest potential.
Every service you purchase these days appears to come with a recurring subscription.
There are a slew of new internet-based services to pay for in addition to conventional recurrent expenses like phone bills, internet, cable, and utilities. Streaming music and movies, gaming services, applications, and other services are among them.
Subscriptions are a fantastic method to pay for services in many respects because of the minimal upfront cost. However, if you sign up for several items, your monthly expenses will soon mount up. They have the potential to be a significant financial drain.
Trim and Truebill, for example, may assist with this.
Both offer to assist customers in identifying and reducing needless expenses, ensuring that they only pay for the services they use. They also come with a slew of extra features to assist you in regaining control of your money.
This post will compare the two items to help you decide which is the best fit for you.
Trim vs. Truebill: A Comparison
Trim and Truebill both assist you in saving money by evaluating your spending patterns and suggesting cost-cutting measures.
Bill negotiation is the main characteristic of both services. The firm will contact your utility suppliers to negotiate a lower rate. This may save you a lot of money, particularly if you have a lot of payments.
Each product has its own set of characteristics, some of which are unmatched by the others.
Here’s a quick rundown of Trim and Truebill.
What Exactly Is Trim?
Trim bills itself as a personal financial management solution that may assist you in saving money. Since its inception in 2015, the business claims to have saved its customers more than $40 million. That’s not terrible!
It primarily saves money by assisting you in canceling subscriptions and negotiating better rates on your recurring payments. It also has tools that assist you keep track of where your money goes.
The firm claims it is currently focusing on assisting customers with more complicated financial issues such as debt relief and retirement planning.
Trim is available online, and you may interact with it through SMS or Facebook Messenger. It’s a unique method of operating that distinguishes itself from other app-based systems like Truebill.
How you communicate with the services you use will determine whether it works for you.
To discover more, read our Trim review in its entirety.
Trim is the source.
What Is Truebill and How Does It Work?
Truebill is a free software that helps you save money by lowering your expenses and shows you where your money goes. Since its inception in 2015, the business claims to have saved customers more than $14 million.
Both platforms have connections to over 15,000 financial institutions, so most individuals will have no trouble setting up accounts.
Truebill’s app is compatible with both iOS and Android, so it should be easy to use for the majority of users. The app has a 4.4-star rating on Google Play, based on over 10,000 reviews, and a 4.5-star rating on the App Store, based on over 19,000 reviews.
To discover more, read our whole Truebill review.
Trim vs. Truebill: What’s the Difference?
Trim and Truebill operate in a very straightforward manner.
When you link your bank account, the services analyze your transactions to identify regular payments and show you where your money is going. They then suggest ways for you to save money and reduce expenses.
To securely connect to your accounts, both services utilize a software product called Plaid. This implies you don’t provide the business your bank account information directly.
To begin, you must first register online, which is completely free. After that, you must allow the service to connect to your:
- To interact using the platform, you’ll need a Facebook Messenger account or a phone number; and
- Your bank account and credit card information will be used to evaluate your spending patterns and offer suggestions.
You interact with the platform through Facebook or text messaging after it’s all set up. The service will offer suggestions, which you can either act on, ask Trim for assistance with, or ignore.
You may also use the website to manage your account.
Truebill is a mobile application. To evaluate your expenditure, you must first join up and then give the business access to your bank accounts and credit cards. All of the functions are accessible from inside the app. Download it and look around the dashboard to see what’s on offer.
Truebill provides a free as well as a paid service. Subscription cancellation, limitless budgets, methods to classify your spending, smart saves, chat, and much more are among the premium features.
Trim vs. Truebill: How to Sign Up
Both services are very simple to join. Simply follow the instructions outlined below.
Sign Up for Trim
- To sign in, go to the Trim homepage and click the sign in button. You have the option of using your Google, Facebook, or email address.
- Connect your phone number or Facebook Messenger account.
- Connect your checking and savings accounts, as well as your credit cards.
- After that, the program will begin to evaluate your spending patterns and suggest methods for you to save money.
Sign up for Truebill
- You must first download the Truebill app in order to join up. Search for “Truebill” on Google Play or the App Store. You may also sign up on the homepage of the website.
- After you’ve signed up, you’ll need to link your bank accounts and credit cards. This will enable the business to examine your spending patterns and identify recurrent invoices.
- You may then explore the Truebill app to learn about its features. Request that your bills be negotiated, that you establish a savings account, or that you begin canceling unnecessary services.
Truebill is the source of this information.
Trim vs. Truebill: What’s the Difference?
Trim and Truebill share certain features, but they also have others that are exclusive to each platform.
The most popular aspects of each service are listed below.
Features of the Trim
Trim includes both free and paid services. To take advantage of all the service has to offer, upgrade to the premium plan.
- Trim will help you bargain your cable, internet, or phone bill. The business will contact your supplier on your behalf and may save you up to 30% on your monthly bills.
- Credit Card Negotiation: The business can assist you obtain credits for interest and overdraft fees by negotiating your credit card APR. Trim’s plan to assist individuals get out of debt includes this.
- Trim will work with you to negotiate your medical bill. According to the business, it has a 90 percent success record in lowering bills or obtaining a zero-interest plan.
- TrimPay: TrimPay transfers money from your bank account to your credit card on a weekly basis, allowing you to pay off debt faster. You decide how much you wish to spend.
- Spending Habits Analysis: Link the service to your bank account for complete transparency into your spending habits. The software divides your spending into categories, allowing you to identify where you may save money.
- Trim will also identify reoccurring costs, allowing you to make an educated choice about whether to retain or discontinue these services. The app will occasionally terminate your membership for you, and other times you will have to do it yourself.
- Savings Chances on the Spot: The business will also assist you in locating savings opportunities on your energy and car insurance bills.
- Trim will create a savings account for you and automatically send money to it every week. Currently, the service pays 4% interest on the first $2,000 in your account.
- Set Spending Alerts: To avoid being surprised by unexpected expenditures, you may set up an alert when your bank account balance is low.
- Trim will provide recommendations for bank accounts that are appropriate for your requirements.
Features of Truebill
Truebill, like Trim, has a combination of free and premium functionality. Here are a few of the most well-known.
- Truebill analyzes your bank accounts and credit cards to identify recurring payments.
- Bill Negotiation: You may ask Truebill to negotiate your bills on your behalf, perhaps saving you money.
- Outage Refunds: If the services you pay for are unavailable, the business will investigate and request for refunds to cover any downtime.
- Seek Refunds: If you get a bank charge, you may ask Truebill to automatically request a refund.
- Spending Analysis: The app’s reports area tells you where you spend your money and how it varies over time.
- Truebill offers interest-free loans of up to $100 to customers who have a paycheck coming up.
- Budgeting: You may create budgets for various product categories. This may assist you in reducing your expenditure on certain products.
- Truebil may be set up to automatically transfer money from your account to a savings account, assisting you in building wealth.
Trim vs. Truebill: What’s the Difference?
Trim and Truebill both provide a free version and a paid version with additional functionality.
Trim Premium is available for $99 per year. Despite the high price, the firm claims that the typical customer saves more than $1,000. In exchange for the fee, the business will:
- Make a deal with your bank to lower your APR, interest rate, and overdraft costs.
- Talk to your phone, internet, wireless, and cable providers to see if you can get a better deal.
- Give you a savings account with a 4% interest rate on your first $2,000 deposit.
- Offer financial advice through email.
- Make a deal with the medical bill suppliers.
- Cancellation of subscriptions
- Credit card payments may be automated.
Trim customers may also choose to utilize the bill negotiating service exclusively.
You will have to pay 33 percent of your entire savings in the first year if you do this. For instance, if the business reduces your payment by $100 over the course of a year, you must pay $33. If the business fails, you don’t have to pay anything.
The final choice is if the $99 premium charge is more or lower than the commission Trim would get for negotiating your bill. If you have a lot of debts to pay off, you might easily spend more than $99.
Pricing at Truebill
Truebill customers may pay for premium services at whatever amount they choose, ranging from $3 to $12 per month. Alternatively, you may pay $36 or $48 each year.
Balance synchronization, premium chat, smart saving, unique categories, and limitless budgets are all available to premium customers.
Regardless of whether you have a premium plan or not, the business charges extra for its bill negotiating services. If the service is successful in negotiating a savings, you will be charged 40% of the savings for the first 12 months. This implies that if the business saves you $100, you will be charged $40.
When Truebill successfully obtains a reimbursement for service interruption, it charges 40% of the amount saved.
You may tip Truebill up to 24 percent of the total money you get if you utilize the payday advance option.
Truebill vs. Trim: Platform
Trim and Truebill are accessed in various ways. Your best choice will be determined by how you like to engage with your services.
Platform should be trimmed
Trim is a web-based platform that can be accessed from a desktop or mobile device using a browser.
You can view details about your expenditure and use the premium services from the dashboard. The dashboard is simple to navigate.
Users may also interact with the service via Facebook Messenger or SMS messaging. When it detects a chance to save, it will give you a message. This is a simple method to utilize the platform for those who don’t want their phones to be cluttered with applications.
Trim is the source.
Truebill Platform is a web-based service that allows you to
Truebill makes use of a mobile app that is accessible for both iOS and Android devices. You may access all of the service’s features from here. You’ll know what to anticipate if you use a lot of applications.
Trim vs. Truebill: Which Is More Secure?
Trim and Truebill, like any other business with which you provide sensitive financial information, must ensure that your information is kept safe. In order to accomplish so, both systems follow identical measures.
Security is being reduced.
Trim protects your data on its website and servers using 256-bit SSL encryption. This is one of the most secure encryption methods.
You may also use two-factor authentication to keep hackers out of your account. This means you’ll have to enter your username, password, plus a third piece of information from a secure app every time you log in from a new device.
Plaid is a service that the business utilizes to connect to bank accounts. This ensures that your financial information is never transmitted to the Trim servers.
Truebill Security is a company that specializes in securing
Truebill protects data with bank-level 256-bit encryption. It also utilizes Plaid to link to your bank account, ensuring that none of your personal information is stored on its computers.
Truebill is the source of this information.
Trim vs. Truebill: Which Provides Better Customer Service?
Each platform is usually simple to sign up for and utilize. However, problems may occur. Trim and Truebill assist their clients in the following ways.
Customer service that is lean
Trim offers a support desk where you may get solutions to many frequent issues. You can also send an email to email@example.com to reach out to the staff.
Customer Service at Truebill
Truebill’s website has a thorough FAQ area where you can look for solutions to the most frequent questions.
It also has a contact form that you may use to contact the team. Monday through Friday, the business replies to inquiries between 9 a.m. and 5 p.m. Eastern Time.
Trim vs. Truebill: Which Do We Prefer?
Each platform has a lot to recommend it.
Trim’s Positive Qualities
- Free features are available.
- There is no need to download an app.
- The ability to access a high-yield savings account
Truebill’s Positive Qualities
- Only pay for the premium features you want.
- Payday loans with no interest
- Automated reimbursements for outages
What We Don’t Like About Trim vs. Truebill
Each platform, of course, has its drawbacks.
Trim: What We Don’t Like About It
The expense of a premium service is considerable up front.
We don’t like Truebill for a variety of reasons.
The 40% commission that is required for bill discussions
Trim and Truebill are excellent tools that assist you reduce your expenditure if you have regular payments. Even with the substantial fee each business takes on your savings, the bill negotiating function provided by both providers may help you achieve significant monthly savings.
Some of the other characteristics are less important, but still useful. Whether or whether they are worth the extra price depends on your own financial position. Trim and Truebill are both free to join up for, so if you’re not sure which is best for you, give them both a go.
The truebill vs prism is a comparison of the Truebill and Prism billing software. It includes information about both billing software, as well as comparisons on how they function.
Frequently Asked Questions
Is Truebill or trim better?
Truebill is a free service that helps you manage your bills. It will automatically pay your bills on time and send alerts when you are due for a payment. Trim is an app that lets you track your spending habits and get real-time notifications to help you stay in control of your money.
Can Truebill negotiate bills?
Truebill is a bill management tool. It does not negotiate bills for you.
How do I stop my Truebill from taking money?
You can stop your Truebill from taking money by going to the Settings tab in your app.
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