5 Financial Factors you Should Always Negotiate On

Managing personal finance successfully is a real tricky thing. There are many factors that you never want to negotiate one. However, there are times, when negotiating with those factors would be the wisest decision you can ever make, and here you go.

1. Credit card fees– You can get your credit fees dropped significantly by keeping your account in good standing and shape. Credit card companies won’t mind lowering waiving interest charges or a late fee if you make timely payment most of the time. This would also support you to ask them for a waiver of annual fee or lowering interest rate being a good customer throughout the year.
2. Job benefits – Salary is just the initial factor when it comes to negotiating a job offer. If you’re not happy with that number, see whether or not you can make up for it with additional benefits such as extra time off, signing bonus and facility to work from home. Some employers pay for cell phone bill and Internet bill while others may prefer to buy you a laptop exclusively for your work. Such little bonuses definitely add up.
3. Monthly bills – Don’t easily accept if your cable bill increases notably. Ask you service provider if they are interested in giving you a break and also tell them about how the competitor’s pricing allures you. If you pay out-of-pocket towards a medical procedure, ask your health professional’s billing section if they can offer a discount for cash payment. At least once every year, shop around for auto insurance rates; you may find a better deal than the present one.
4. Rent – If you’re going to rent during off-season in terms of renting, such as winter, the landlord is very likely to offer a few bucks off the monthly rental bill. But if this doesn’t work, check if they lower the rent in case you agree to a 2-year or 3-year lease. Don’t think too much; just ask. It never hurts or charges you even a single penny to ask.
5. Large purchase – If you plunking down more than a couple grand on any particular item, you must negotiate. The cash in your hand is the only leverage you require. It might be a wedding venue, a new bedroom set or kitchen renovation. Don’t ever accept the first offer; shop around and see if there is any room to negotiate.

Life is a game of luck; you never know when life gets stuck. When it gets angry with you and you face a situation that you never wanted to be in. So you must be always cautious about handling your personal life, your health, your relations, and top of all your personal finance with utmost care. Though money is not everything; it’s not the solution to every problem you have. But..yes, managing something materialistic efficiently is possible if you have money. So, keep enjoying your life, live it king-size but without burning a hole in your pocket.  Life barely gives a second chance. Work smart, earn more and preserve it for the rainy days.