Trim Review 2021: Save Money on Everyday Bills

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Are you tired of feeling ripped off for cable, internet, and phone bills? If you’re like most people, these providers are some of your least favorite. Luckily, there’s a way you can lower these bills and know that you’re always getting the best possible rate. That’s through an app called Trim, which aims to be your cost-cutting financial assistant. In this Trim review, I will cover what Trim is, how it works, and help you decide whether it’s right for you. 

Trim Review Pinterest Pin

What is Trim? And How Does it Work?

Trim is a dedicated online financial assistant that can help you save money. It’s “claim to fame” is as a bill negotiation service that will work with your cable, internet, and phone providers to negotiate a lower rate on your bill. However, Trim also offers additional features like helping you cancel unwanted subscriptions, grow your savings, and help you save on bank fees. 

Using Trim is a three-step process:

1. Connect your accounts to Trim so that it can understand your bills and expenses.

2. Trim will analyze your spending patterns to identify ways to save you money.

3. Trim will then do all of the work to negotiate your bills, cancel unwanted subscriptions, and more. 

When Trim saves you money by negotiating a lower rate on your bill, they keep a piece of the savings. So, trying Trim is virtually risk-free! If they don’t save you money, you don’t pay them anything!

Bill Negotiation

Does Trim Work to Lower Bills?

Trim became one of the most well-known bill negotiation services because of its ability to help you save on cable, internet, and phone bills. 

The way it works is that you’ll provide some necessary information to Trim, and they will reach out to your service provider to attempt to negotiate a better rate.

I have seen bill negotiation services like this save hundreds of dollars on bills. 

If you want to learn more about Trim’s bill negotiation process, you can read more here.

It’s important to know that Trim will never sign you up to a contract without your permission, and they will avoid downgrading your service unless there is a cheaper plan that meets your needs.

How does Trim Make Money?

Trim’s fee structure is pretty simple. When they save you money, they take a 33% cut of the savings.

For example, let’s say they save you $10 per month for 12 months on your cable bill. So, your total savings would be $120, and you’d pay Trim a fee of $40.

What’s so cool about Trim is that they only get paid when they are successful. If they attempt to negotiate a bill and don’t achieve any savings, they get paid nothing!

Trim Premium

A crucial part of this Trim review is sharing more about Trim’s paid subscription offering:  Trim Premium. In recent years, Trim has tried to guide people towards this bundled premium service rather than the a la carte bill negotiation service.

Trim Premium includes the following key features:

  • Bill negotiation, including medical bills
  • Trim subscription cancelation
  • Trim Simple Savings:  an FDIC-insured high-yield savings account which offers 4% interest on your first $2,000 saved (more on this in a minute)
  • TrimPay:  automated credit card payments (I’ll cover TrimPay shortly)
  • Debt payoff plan to negotiate with your bank for lower credit card APRs and help you save on interest, overdraft fees, loan deferrals, etc.
  • Unlimited access to a financial coach

Trim Premium comes at the cost of $99 per year, which includes all of the above services. There are no separate success fees for things like bill negotiation.  

Is Trim Premium worth it? In my opinion, no. While some of these services may be valuable for you, I’d rather pay for Trim on a success fee basis where I only pay when they. Save me money. The success fee model creates an arbitrage opportunity in that there is upside with basically no downside. 

Using Trim to Cancel Subscriptions

Trim offers the ability to cancel unwanted subscriptions. Once you connect your accounts, Trim will identify any subscriptions you have and ask you if you want to keep them. 

For example, Trim will notice if there is a charge for Netflix on your credit card bill every month, and it’ll ask you if you want to keep this subscription.

If you decide you want to cancel your subscription, Trim can do the work to cancel it for you, saving you time, and in some cases, lots of brain damage with customer retention departments.

Trim’s subscription cancelation service is only available as part of Trim Premium.

Trim Simple Savings

Trim Simple Savings is a savings account that offers 4% interest on the first $2,000 you deposit. So, if you deposit $2,000, you’ll earn $80 in interest per year!

While this is a great rate, this service is only available as part of Trim Premium, which does have an associated cost of $99 per year. Given the cost of Trim Premium, unless you’re using the other features, don’t sign up just for the savings account interest rate.

Additionally, you won’t earn interest on any balance over $2,000 per year, so it may be worth checking out better savings account options like CIT Bank

Money into Piggy Bank


Trim offers another service as part of Trim Premium called TrimPay, which will automatically transfer money from your checking account to your credit card each month until you are debt-free!

You’ll set up a weekly transfer from your checking account to TrimPay, which will then be sent to your credit card company.

Over time, their goal is to help you reduce your debt balance by making regular payments.

Like these other services, TrimPay is only available as part of Trim Premium.

Trim vs. Truebill

There are lots of alternatives to Trim, with the most popular being an app called Truebill. Truebill also offers bill negotiation, subscription cancelation, and more.

Trim vs. Truebill:  How is Trim Better?

This Trim review wouldn’t be complete without a comparison to Trim’s biggest competitor:  Truebill. The most significant advantage of Trim relative to Truebill is that it has a lower success fee on bill negotiation. Trim takes a 33% cut of the savings, whereas Truebill takes 40%.

Additionally, Trim does offer some unique features like financial coaching, which are not offered by Truebill. 

Trim vs. Truebill:  How is Truebill Better?

Although Trim is a bit cheaper than Truebill, Trim falls short relative to its competitor in a few key areas, including:

  • Truebill can help negotiate a greater variety of bills, including home security and satellite radio.
  • Truebill offers a complete personal finance app (which provides a whole host of other features, including budgeting, credit monitoring, etc.). Trim, on the other hand, is an entirely web-based platform with a more limited feature set.
  • Similar to Trim, Truebill offers a premium service that includes subscription cancelation, automatic savings, and more. However, Truebill’s premium service is significantly cheaper, starting at just $3 per month.

Overall, you may consider using a mix of Trim and Truebill, as each has its unique strengths. If you’re just looking for the cheapest bill negotiation service on your cable, internet, or phone bill, use Trim! But if you want a more comprehensive personal finance app, or wish to negotiate additional bill types like home security, use Truebill!

If you want to learn more about Truebill so you can make your comparison, check out my full review!

While Trim and Truebill are the market leaders, Mark Cuban-backed Billshark is also rising in popularity. If you want to learn more about that service, read this Billshark review.

Finance App


As part of this Trim review, I want to address some frequently asked questions about Trim.

Is Trim Legit?

Yes! Trim is legit! Trim has been in business since 2015. Additionally, Trim is accredited by the Better Business Bureau.

The service can and does work! It’s certainly not flawless, but it is a great option to consider if you’re looking to save on your bills.

Is the Trim App Safe & Secure?

Trim is very secure. They use 256-bit SSL encryption on their website and database, as well as two-factor authentication when you log in. 

Additionally, Trim does not sell your data, nor do they store your account credentials on their server. Trim does not share your data with 3rd parties. 

You can read more about Trim’s bank-level security here.

Does Trim Offer Support?

Yes! Trim offers live chat support and can also be reached via email.

Does Trim Charge a Fee?

Trim’s bill negotiation service only charges a fee when they save you money. If they negotiate a lower rate on a bill, they keep 33% of the savings. Bill negotiation is available as an a la carte service, so you can use Trim just for the bills you want to have them negotiate.

Trim’s Premium service charges $99 per year, though it offers more than just bill negotiation. However, for most people, I don’t think that the Premium service makes sense. 

Why Does Trim Need My Bank Account?

Trim uses your bank account information to help identify areas to save YOU money. They use a unique algorithm to locate subscriptions and analyze transactions.

Trim Review: Pros & Cons

Wrapping up this Trim review, there are a lot of unique reasons to use Trim, not the least of which is saving money on everyday bills. However, the service isn’t perfect, so you’ll want to think through the pros and cons before deciding if it’s right for you. 

Trim Pros

  • Most popular bill negotiation service around
  • One of the least expensive bill negotiation services (at 33% of the amount saved)
  • Easy to use interface

Trim Cons:

  • Trim can negotiate fewer bill types than alternatives like Truebill
  • Premium subscription service is significantly more expensive than competitors
  • No app (web-based interface only)
  • You may potentially be able to achieve savings by contacting your service provider and negotiating on your own

Trim Review:  A Summary

Trim is one the best bill negotiation services around, but if you’re interested in negotiating a wider variety of bills, or having a mobile phone app with a full suite of financial features, you may want to consider Truebill instead.

If, however, you want to use a bill negotiation service at the lowest possible rate, it’s worth checking out Trim to negotiate your cable, internet, or phone bill. 

Trim Review Pinterest Pin 2

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