The New Financial Welfare Mantra: All Expenses Are Negotiable – The Financial Mag

The word “negotiation” is about big business, but everyone loves to negotiate. Some are adept at the art of bargaining for a better deal, while peacemakers may want to avoid it anyway.

Despite our negotiated viewing position, some expenses are often assumed to be non-negotiable, and we pay the requested amount without considering whether the price is fair. The Golden Rule is that everything is negotiable. If you avoid negotiating some major expenses, you are guilty of leaving your money on the table. Here’s a new look at some expenses that you think aren’t negotiable, but are actually:

Rental Payable

It is always assumed that what is being asked for a rental unit is non-negotiable and the fixed rent is fair. But many owners are reluctant to compromise. This is achieved simply by requesting a reduced fee or offering some kind of service in exchange for a reduced monthly payment. You may offer to prepay a few months rent in advance, for example, by providing 6 months rent in advance, for an apartment for a 10% discount on the monthly rent. The owner could also give up on the security deposit.

One negotiation ploy usable is that you could offer to take care of the lawn or similar maintenance work. Many landlords are willing to offer better terms to tenants who are asking for a longer lease with a fixed rent, or tenants who could offer to repaint the house, landscaping the gardens, or even renovating the bathroom. Landlords love the stability offered by any prepaid rent or replacement of regular maintenance duties, so they could make reasonable modifications to your rent payments.

Dental or Medical Fees

Do you hit a large dental or medical bill? Before paying the bill, ask to check if the fees could be negotiable. Many dentists, doctors, and hospitals often deduct some amount from your bill if you pay in a single payment, or pay a full cash payment, or even when you are not delaying payments. This can lead to significant savings. Some dental caregivers may honor a discount that is online and also by paying the fee by check and not a credit card.

Some people could significantly reduce medical billing costs significantly by successfully negotiating lower costs for multiple surgeries. Direct negotiations with the surgeon help and the surgeon may accept the fees from the health insurance company and none of my out-of-pocket expenses are needed. Sometimes an anesthesiologist can discuss various options and they are sometimes flexible enough to get rid of their charges completely, enabling considerable savings for patients. This is because there are so many patients failing on medical bills that it is often possible to successfully negotiate your fees, proving your sincerity in paying bills and this becomes a win-win for the Medical team and the patient. Most insurance providers encourage you to cooperate with their customers because payment is guaranteed.

Auto Repairs

Car repair shops give good profits, especially car dealers or repair chains, so suppose there is negotiation space in their quotes to you. Service writers are often offered additional preventive care services for free to close sales. If not, some often add a coupon or promotional video to reduce the overall repair bill. Whether you get the usual maintenance work or even major repairs, ask the mechanic to give better prices and you will find that most repair shops will cooperate with you.

Interest rates

Many of us probably think that the interest rate offered to us on our credit card is final. But a call to your credit card company could only get you a lower rate. It is possible to lower high interest rates on plastic cards by phone call and reduce the minimum payment to $ 80 per month. Student loan attorneys can offer a 0.5% discount if you choose to automatically pay your bills. This enables savings throughout the loan period.

Everything Is Negotiable

The results achieved may differ depending on various situations, as your negotiating ability depends directly on the extent of flexibility and willingness shown by the other party. Do an honest test and who knows … you might get a pleasant surprise with the results achieved. What’s the worst that could happen, you just get a resonant no. Adopt the Golden Rule that everything is open to negotiation and this is also a good way to access your expenses; you end up never paying more than you need to.

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