Martin Lewis has revealed how Black Friday sales could be the key to saving hundreds of pounds on broadband each year.
The British money-saving expert, 52, said customers could substantially reduce their bills, during a segment on Tuesday’s episode of his live money show on ITV.
With Black Friday fast approaching, Martin implored customers who are out of contract or near the end of one to use comparison websites to search for the best deals and potentially save hundreds on monthly bills each year.
He said previous years have offered “flop” Black Friday deals, but claims 2024 has some strong cash-saving contenders.
The finance guru warned these can be found using comparison websites and haggling with broadband providers.
During the show, he asked: “Are Black Friday broadband deals worth it this year?” before responding with an enthusiastic “yes.”
‘Some years are a failure. This year I’m seeing some of the cheapest prices we’ve seen for broadband in 2024, so it’s worth taking a look,” he encouraged.
“Seven million people do not have a contract and are therefore free to change and could save.”
Martin Lewis has revealed how Black Friday sales could be the key to saving hundreds of pounds on broadband each year
Martin explained that customers could save hundreds or even thousands each year by using current Black Friday savings to get the best deal.
He said: ‘It’s hundreds of pounds. You’re paying between £40 and £60 a month and most people who don’t have contracts for relatively slow speeds. These prices are a fraction.
‘Again, the best deals are found on comparison sites. Because? Because if companies offer you the best deals and incentives directly, they have to offer them to existing customers.
“If they provide them through comparison sites, they don’t, so they put them directly on comparison sites.”
The finance guru went on to give some examples of savings viewers could make, saying: “On several sites, there are Virgin offers of up to 264mbps for between £17 and £19 a month in total.”
‘Vodafone up to 500Mbps for £18 to £25 a month, 150-500Mbps. Those are the sorts of prices we’re looking at at the moment, but it depends on where you go.
‘These are all incentive-based agreements. What do I mean? Have a £100 Amazon voucher, £100 cash back and I’ve included it in the contract price so you don’t see such a cheap price, but once you take the cash back into account, that reduces the price .’
During the segment, one viewer wrote into the show to share how they had saved over £100 a month on their monthly expenses, including broadband.
The British money-saving expert, 52, said customers could substantially reduce their broadband bills.
Unlike previous years, Martin says Black Friday 2024 broadband deals are worth it
With Black Friday fast approaching, Martin implored customers who are out of contract or near the end of one to use comparison websites to search for the best deals.
The viewer’s comment read: ‘I followed your advice when renewing my broadband and TV contract.
‘I managed to get all the TV, sports, movies, Netflix, internet and phone which currently cost £186 for £66 for 24 months. I’ll haggle again when this is over.
This saved them £120 per month and therefore £1,440 over the course of a 12 month period. Over two years this means a huge saving of almost £3,000 in total.
Martin also encouraged customers to make sure they haggle with broadband providers to ensure they get the best deals possible.
‘The point of haggling means you need to compare what’s available and what other people will sell you for, so again, another really good price if you’re almost out of contract or out of contract.
‘And remember, if they don’t give you the treatment you want, try to reach for disconnections. Don’t be mean, don’t be rude, it’s not the call center’s fault.
‘Disconnections, also known as customer retentions, are where they give you the best offers,’ he concluded.
This comes after Martin revealed whether premium bonds are really worth it or whether your cash is better spent elsewhere.
He shared his thoughts on a recent episode of The Martin Lewis Podcast.
Martin previously explained that while more than 22 million people in the UK have premium bonds, some people could make smarter financial decisions by avoiding them. Image: Stock Image
Martin explained that while more than 22 million people in the UK have premium bonds, some people could make smarter financial decisions by avoiding them altogether.
With the UK holding more than £100 billion in premium bonds, not everyone will be able to make the gains they expect.
In fact, Martin explained that if you only plan to invest a small amount in bonds, then other forms of savings are probably a “better bet.”
“It’s an incredibly popular form of savings,” he explained, adding that the capital invested in the bonds is safe.
But after saying that they are a tempting option due to the earning process and being tax-free, he added: “For those people who only contribute a small amount and do not pay taxes on their savings, which is many people, – Premium bonds They are a bad bet.
“I mean, there’s always going to be someone who beats the odds and is luckier than average, but it’s a bad bet.”