Money expert's tips on lowering broadband bill that could reduce it to £10 a month
Broadband users across the UK have been hit with significant price increases - a blow amidst the current cost of living crisis.
Since the start of April, BT, Plusnet and EE hiked up their prices by 7.9 per cent, Sky by 8 per cent and O2 and Virgin Media by a staggering 8.8 per cent - even for those in the midst of a fixed-price contract. However, scrutinising your broadband expenditure could reveal unexpected ways to save money.
Liz Hunter, director at Money Expert, provided a complete guide to our sister site the Mirror on how billpayers could reduce their costs significantly.
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Firstly, check if your contract has expired
Investigate the terms of your contract to determine whether you're still bound by it. This information can typically be found online or in the original paperwork provided.
If your contract has ended, you're in a favourable position. This means that the agreement you had with your provider is no longer valid and you're free to switch to a more cost-effective deal without any exit fees.
If you're still within your contract, switching providers is still an option, but you may face an early cancellation fee. The silver lining?
Even if you don't want to pay this fee, there are strategies you can employ to lower your bill with your existing provider.
Consider the internet speed you actually require
Reflect on your daily internet usage. If you're the sole user in your household and only require the internet for casual browsing, sending emails, and watching low-resolution videos, then a speed of 30MBps or less should suffice.
However, if you work from home, use devices for entertainment such as gaming, and have multiple