Reminders are a great way to ensure you do not miss expiring contracts such as insurance, utility bills, subscriptions, and registrations. Setting reminders for expiring contracts has two financial benefits:
- If you miss an expiring contract such as car insurance, you might drive your car unaware that you are no longer insured. An accident could cost you dearly.
- When your reminder alerts you that a contract is about to expire, you can shop around and renegotiate a better rate.
Implementation and cost
Use an app such as GetReminded that will automatically remind you when your contract is about to expire and even show you cheaper options.