Do you desperately want to save some bucks to build your emergency fund gradually? Are you thinking to stop purchasing your favorite magazines to save money? Well, you may not have to quit reading your favorite magazine to boost your cash-reserve. All you may need to do is pick up your phone and make a few phone calls. This may help you get lower rates on your current loans. In fact, one right call at the right time can potentially help you save few hundreds of dollars. Read along to know how you can potentially save money by making a few phone calls.

Save money by making a few phone calls

Check out the 4 phone calls that can help you save money without selling old goods.

1. Make a call to your insurer: A single call to your insurer can make a miracle. It can help you get lower premium rates. If your family has 2 cars, then make a call to your insurer and talk about multiple policy discounts. You can put the cars under one auto insurance policy. This will help you qualify for multiple policy discounts.

It is not that you need to have 2 cars to qualify for multiple discounts. You can purchase 2 or more insurance policies from the same insurance company. This will enable you to be eligible for multiple discounts as well.

2. Make a call to get a lucrative deal: Do you want to slash your cable bill at one go? If yes, then make a call to the cable service provider. Ask him about the available offers. Ask politely if he can offer a better deal to you. The cable service provider may come up with a good offer for you. Check out the offer and see if it will reduce your expenses. You can make some calls to other service providers also. For instance, you can have a chat with your Internet provider about special schemes.

3. Make a call to the cancellation department: Sometimes, making a call to the customer care department is not enough to get a better deal. You've to call at the right department to grab a better deal. Get the telephone number of the cancellation department. Press the numbers on your phone and talk with the officials. Tell them that you've been a loyal customer of the company for several years. You wish to get a better offer from them. Clearly inform that you'll go to another service provider if the charges are not reduced.

No one wants to lose a loyal customer. Due to this reason, there is a high chance that the officials will offer a special package to you.

4. Make a call to the bank: Everyone commits a mistake at some point of time. You have missed one credit card bill payment due to negligence. You may not be aware of your mistake till the credit card company slaps you with a penalty. What can you do in such a situation? Well, you can call the credit card company and accept your mistake. You can request the creditor to eliminate the penalty. State that you've never committed such a mistake in the past. Promise that you’d not repeat the mistake in future. The creditor may accept to waive the fee if you're not habitually late.

If the creditor has already reported the issue to the credit bureaus and a negative mark has appeared on your credit report, then you need to make another call. Request the creditor to remove the mark from your credit report. Make the call within a month. Don't miss out your payments again. The creditor will not waive the fees or penalties again and again.