After this Truebill review, you will see if this app is right for you to save money…
I know saving money can suck at times but honestly if you aren’t saving money in every way you can it is going to be hard for you to improve your financial situation.
You don’t have to be alone when it comes to saving money, there are many services out there that will help you tremendously when it comes to saving money and managing your finances.
This is where Truebill comes into play!
If you want to save money automatically with doing a minimal amount of work then Truebill is the app for you!
Financial apps might worry some people and if you are asking yourself is Truebill safe? the answer is yes as you will see throughout the post.
Truebill is an awesome app that you can start using for free right now to save money! Let’s dig deeper into what Truebill is and how to use it…
In this Truebill review, you will get all the details about Truebill to see why you should use this app to save money as well as manage your finances.
The Truebill team knows that managing your money can be hard, that’s why Truebill is made to be as easy and as simple as possible.
And the thing is…
The Truebill team did a great job making the app simple to use!
I recommend signing up to Truebill so you can follow along in this post to see how Truebill can save you money.
Let’s get into what Truebill is and how it works…
What Is Truebill?
Truebill is an awesome app that will not only help you to save money but also help you to manage your finances as a whole!
The way Truebill saves you money is by finding and canceling subscriptions you are paying for that you’re probably not using and also by negotiating your bills!
In fact, Truebill has helped its customers save over $14 million by doing these services.
The cool thing about Truebill is that it also helps you to manage your finances by setting budgets as well as savings goals!
Truebill is an awesome app that can help you save money all around, let’s continue this Truebill review to see how Truebill works to save you money…
How Does Truebill Work?
The first thing you need to do is to sign up for Truebill for free here!
You will then need to select your primary goal using Truebill. Your primary goal can be to cancel subscriptions, lower bills, track spending, create a budget, etc…
Here are all the options to choose from…
Then just fill out the details listed below to create your free Truebill account.
After filling in your details you will have to enter your phone number to verify your account. You will get a code via SMS which you just have to enter into the app.
Next up is the part that scares most people, but there is no need to worry…
You will now need to link your bank accounts or credit cards you use to shop with to Truebill so the app can analyze your spending and help you save money.
The part that scares most people is that you will need to use your bank credentials to link the accounts to Truebill instead of card numbers.
As I said before, don’t worry at all…
Truebill uses a financial encryption service called Plaid to link your bank accounts to their app.
It might be strange using a third-party service for this but Plaid is a legit company that works with brands like Robinhood, American Express, Acorns, etc…
Plaid uses high-level encryption to make sure your data and information is safe and never accessed in plain text.
You can start with one bank account or credit card for now and add others later on.
I do recommend linking all the accounts you use to shop with so you can maximize your savings!
You should now be at the home screen so let’s go over the specific ways Truebill will save you money!
One of my favorite features in Truebill is that they work on your behalf to negotiate for a lower rate on your bills!
This is so awesome and I highly recommend that you use this feature.
Truebill negotiates with many service providers with most being telecom services like Comcast, Verizon, Spectrum, Sprint, etc..
While it’s not a diversified set of services they are services most of us use and pay an arm and a leg for!
To use this feature in Truebill you will need to upload a copy of your bill to the Truebill app\website or link your online account to Truebill.
Truebill will then work to negotiate a lower rate on your bill for you. This can be getting a promotional plan, cutting out fees or lowering the bill entirely!
This is awesome but it is not entirely free, Truebill will take 40% of your annual savings if they are able to save you money by negotiating.
If they aren’t able to save you money on your bills then you will not have to pay anything.
How does Truebill negotiate bills? The way it works is like this…
Let’s say you have Verizon FIOS and you link your account to them and they are able to save you $100 a year on your bill, you will have to pay Truebill $40.
The downside is that you will have to pay Truebill right away out of your linked accounts which is pretty much taking a loss for this month.
You will then see your savings add up over the year eventually saving more than you’ve paid Truebill.
While it might be a bit of an inconvenience to pay upfront Truebill upfront, they are doing all the work for you and you save more than you lose so that’s a big win!
The service that most people use Truebill for is to monitor and cancel unwanted subscriptions.
It’s crazy that a lot of people pay for subscription services that they don’t even use!
Truebill will help you analyze your spending to find which subscriptions you are paying for and you can decide if you want to cancel the subscriptions or not.
To let Truebill analyze your spending you will need to link your bank accounts to Truebill using Plaid which you have probably done already, if not then you need to do it for this service to work.
Truebill will then review all your transactions to find reoccurring bills and then map them to a calendar within the Truebill app so you can see all your subscriptions in one place.
The calendar will have the date of the transaction for the subscription and the price.
This visual representation is awesome because you will get to see how many subscriptions you are actually paying for and how much they cost.
You can then cancel the subscriptions you no longer need by contacting the subscription company.
You can let Truebill do all the work and cancel the subscriptions for you but this, unfortunately, costs extra.
To get this feature you will need to sign up for Truebill premium which we will go over soon so stick around!
Monitor For Outages
A really unique and awesome feature that Truebill offers is that they will monitor for internet outages in your area and work to get you some refunds if they are able to.
If there is an internet outage Truebill will work to file a claim to get you a refund!
Now, Truebill isn’t always able to get you a refund but if they do you will have to pay Truebill 40% of the refund.
This is a very unique way that most people wouldn’t think of to get a refund, I recommend checking out Truebill here and using this awesome feature.
A neat but pretty exclusive feature is that Truebill will work to save you money on your electricity bill by finding a provider that has the lowest price per kilowatt of electricity!
This is so awesome!
I said it is pretty exclusive because it is only available in certain areas at this time.
To make this work Truebill partnered with Arcadia which is an energy provider. To use this feature you will have to sign up and provide some information to Arcadia, just so you are aware.
Check out Truebill to see if this feature is available in your area and if it is, definitely use it!
The awesome thing about Truebill is that it is not only an app that saves you money here and there, it also allows you to set budgets easily so you can save money for the long term!
Truebill offers a free budget tool in their app that automatically analyzes the cash inflow and outflow from your linked accounts to give you an overview of your spending habits.
You can then set budgets in Truebill to manage your finances more carefully. Truebill will also give you recommended spending amounts based on your income!
Unfortunately, the free version of Truebill only allows you to create two budget categories, you will have to use the “everything else” category for all other spendings.
If you want unlimited budget categories then you will have to upgrade to Truebill’s premium plan which might or might not be worth it for you.
A great feature that Truebill offers is to set savings goals!
Within the Truebill app, you can automatically set aside a set amount of money for a specific goal that you have in mind.
This goal can be pretty much anything such as saving for a house, creating an emergency fund, saving money for a car, college, etc…
Truebill will help you move money around your accounts so you can set your savings goal and let you know when you will reach your goal by.
This is a very useful feature in the Truebill app that I recommend you use!
Unfortunately, this awesome feature is only available in the premium version of Truebill.
Understanding Your Finances
While this is not exactly a feature in Truebill, what I find so great about Truebill compared to some of their competitors is that they allow you to understand and control your finances as a whole!
On Truebill, along with all the amazing money-saving features, you will also get to set budgets and savings goals to improve your financial life greatly.
Yes, some features are only available in the premium version but with all the features Truebill offers it might be worth it to get the premium version.
For now, I recommend starting with the free version and then upgrading if you would like to.
Sign up to your free Truebill account here and start saving money today!
Truebill is free to download and use but there are certain features only available in the premium version which comes at a cost.
The premium version of Truebill costs $35.99 a year or $4.99 if you pay monthly.
So, you will save about $15.00 a year if you opt for the yearly plan but if you would like to try the premium version out you can pay for one month and then switch to the yearly plan if it works for you.
I recommend sticking with the free plan for a while and then try out the premium version if you would like.
You might be thinking that the premium version is expensive but let’s say that Truebill saves you $100 on a bill and you had to pay a $40 fee to Truebill, this leaves you with $60.
Since the yearly plan costs $35.99, you can use the money you saved to pay for the premium plan and then still have some money leftover.
As you can see, there are some situations where Truebill can pay for itself!
Truebill Premium Features
We went over the cost of Truebill’s premium version and we briefly went over the features offered.
Let’s dig a little deeper into these features to see if they work for you.
The first feature is that with the premium version of Truebill you will not have to cancel subscriptions on your own, you are able to cancel subscriptions directly within the app!
With the premium version, Truebill will also automatically request refunds for late fees and overdraft charges to your account.
The premium version of Truebill also allows you to turn Truebill into an ultimate budgeting app with unlimited budget categories, types and also savings goals.
Truebill’s premium version also allows you to pay your bills directly from the app, so you don’t have to jump from website to website for your bills.
Paying for the premium version of Truebill turns the app into a simple money-saving app to a powerful financial management app that will help you better manage your money.
With the amount of money Truebill can save you, the cost is not too bad but it all depends on your spending habits and financial management skills.
I definitely recommend just sticking with the free version for a while and then upgrading to the premium version if you feel like it can be beneficial for you.
Services Truebill Works With
Here are a few services that Truebill works with:
- Verizon (Wireless & FIOS)
- Direct TV
- Sirius XM
As I stated before, Truebill mostly works with telecommunication companies for bill negotiations.
Truebill is constantly expanding and working with different companies so they might expand into different sectors soon and this Truebill review will be updated if they do.
Pros & Cons Of Truebill
Truebill is honestly an awesome app that I recommend to everyone looking to save more money and manage their finances as a whole.
I would be lying if I said it was a perfect app, there are a few downsides to Truebill so let’s get into the pros and cons of Truebill in this Truebill review.
- Free to download and use
- Good amount of features available in the free version
- Mobile and desktop version
- Has money-saving tools as well as money management tools
- Simple and easy to use user interface
- Pretty high fees at 40%
- Some features only available in the premium version
- Only available in the U.S at this time
Yes, Truebill has some cons and it might not be the app for everyone but as you can see the pros definitely outweigh the cons!
Truebill is an awesome app that can help you save money as well as manage your money!
In this Truebill review we went over a lot of details about the app but here are some frequently asked questions about Truebill:
Is Truebill Safe?
Yes, Truebill is safe to use. Truebill uses Plaid which is a financial encryption service to keep your data and information safe and secure.
How Do You Use Truebill?
Sign up to Truebill here and then you’ll need to link your bank accounts and credit cards. Truebill will then analyze your spending and work to save you money.
How Do I Cancel Truebill?
If you would like to cancel your Truebill account just open up the app, click on the gear icon in the top left of the app, click on your profile and you will see the option to delete your account.
What Is Truebill App?
Truebill is an app that can help you save money as well as manage your money. It is labeled as an automated financial assistant that consists of a budget planner, bill tracker, and reminder.
How Does Truebill Negotiate Bills?
Truebill negotiates bills by contacting your service provider and finding ways to lower your bill. This can be promotional deals, a one time credit, or simply lowering the bill entirely.
What Does Truebill Cost?
Truebill is free to download and use but there are some features that require you to upgrade to the premium version of the app. The premium version of the app costs $35.99 a year or $4.99 a month.
How Does Truebill Work?
Since Truebill is an automated financial assistant all you have to do is link your bank accounts and credit cards to Truebill and it will work to save you money. Truebill also doubles as a financial management app where you can set budgets and savings goals.
How Does Truebill Make Money?
Truebill makes money in a few ways. The first way Truebill makes money is by charging fees to its users when bills are reduced by negotiations. The second way that Truebill makes money is by charging customers for the premium version of the app. Truebill also makes money when users sign up to sponsored services in the app.
Now that you have come to an end to this Truebill review, what do you think about this awesome app?
Listen… I know there are many financial apps out there that make big promises like “I will save you $1,000’s” or “You can make $1,000’s” which are obviously full of it.
So, it makes sense if you are still on the edge about signing up to Truebill but this app is definitely legit and just plain awesome!
If there is one thing you can learn from this Truebill review it is that it is super easy to save money when you have a service like Truebill by your side!
Since Truebill is completely free to start using, I recommend that everyone looking to save some money sign up for this awesome app and try it out. You can always delete your account if you find that Truebill is not for you.
Have you tried using Truebill to save money? Have anything to add to this Truebill review? Any further questions about Truebill? Let me know in the comments below!
Disclosure: This post contains affiliate links which means I will earn a commission if you choose to click and make a purchase. While there is no additional cost to you, it will give us a pretty penny. Thanks For Your Support!