Trim Review: This Free Bot Automates Saving Money — For Free

Heard about Trim? The service that claims to save you money with automation. Is the Trim service legit or just a scam?

Our Trim review has found that users saved over $1,000,000 in the last month and you can get your saving results in less than a minute. But is it worth using over other budgeting tools? Short answer: Yes.

Why? Well, saving money should be easy. You can now automate it with Trim.

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In fact, Trim users saved over $1,000,000 in the last month. Users may enjoy that you can get savings results in less than a minute.

For example, I effortlessly linked my financial accounts and Trim went to work and this bot saved me $100 easily by trimming my cable bill!

Bottom line: It was able to save me some money. If you are at all interested in saving money, you should be using Trim.

This little bot really found ways to lower my bills and cancel subscriptions. Can Trim work for you? Let’s find out in this detailed Trim review.

Trim

Free
9.3

Cost

10.0/10

Customer Service

9.5/10

Ease of Use

9.5/10

Savings Options

9.0/10

Tools & Resources

9.0/10

Accessiblity

8.5/10

Pros

  • Savings - You can get major savings as Trim cancels unwanted subscriptions on your behalf.
  • Usability - Easy to use interface.
  • Price - It's free to use and you'll only charged if Trim can save you money. A true win-win.

Cons

  • Integration - Bill negotiation currently only works with cable and internet providers.

What is Trim?

Trim, available online at AskTrim.com, is a money-saving application that promises people a convenient and straightforward way to gain control over your finances and improve your financial health.

Trim helps you save money on autopilot by:

  • Canceling subscriptions. Trim sends you a list of your current subscriptions and you can cancel the ones you don’t use.
  • Save on your internet and utility bills. Trim bot negotiates your bill on your behalf and gives you money back in your account in the event of an error.

trims savings
An example of what it looks like if Trim is able to negotiate savings on your bill.

  • Track your expenses. Easily find out how much you spent this month by asking Trim.
  • Pay down your debt (new). Now you can pay down your debt faster with TrimPay! It’s the easiest way to make additional payments to your credit card—saving money on interest and getting out of debt faster.
  • Negotiate your bank fees + credit card APR. Trim can negotiate credit card APR and reduce bank fees. They can negotiate interest payments, overdraft fees, minimum fees, and more.

Using the Trim Dashboard

You get started with Trim by signing up and connecting your Messenger account and then linking your credit card accounts.

Once you log in, there are a lot of useful features for you on the Trim dashboard.

trim dashboard

The Trim dashboard highlights simple opportunities they’ve identified that can save you money.

Just click on the transactions you’d like to take action on and let Trim do the rest!

They can: Identify credit card and bank fees and help you negotiate them, negotiate your cable, internet, phone bills and save up to 30%, and even autopay your credit card bill to get out of debt faster.

All of these actions can help you make better financial decisions and realize why personal finance is important.

FIND YOUR SAVINGS OPPORTUNITIES

Pros & Cons of Trim

benefitsBenefits

  • Savings – You can get major savings as Trim cancels unwanted subscriptions on your behalf.
  • Usability – Easy to use interface.
  • Price – It’s free to use and you’ll only charged if Trim can save you money. A true win-win.

downsidesDownsides

  • Integration – Bill negotiation currently only works with cable and internet providers.
  • Connectivity – Trim will be discontinuing the messaging services via FB Messenger on January 15, 2020. That means you’ll no longer receive messages like Large Transaction Notifications, Overdraft Warnings, or Bill Payment Reminders.

Trim Money Savers Include

Here’s what’s inside:

  • Spending analysis. Trim’s spending analysis lets you compare your spending month-by-month, by exact date, and even by category. I found the exact date feature pretty useful to see if I have any significant one-time expenses coming up.
  • Simple savings. A recent feature implemented by Trim was their own FDIC savings account. Trim pays 1.5% interest. However, Trim charges $2 a month for the account.
  • Budget your spending. You can even set a budget with Trim, which Trim will then keep you informed throughout the month of your progress.

Update: Due to changes to FB Messenger policies, Trim will be discontinuing the messaging services via FB Messenger on January 15, 2020.

That means you’ll no longer receive messages like Large Transaction Notifications, Overdraft Warnings, or Bill Payment Reminders.

TrimHow Does Trim Work?

Trim integrates securely with 15,000 financial institutions to collect credit card or bank card information. This covers about 98% of the credit/debt market.

You start by creating a profile and then link a credit or debit card account, and you can add as many accounts as you need. Trim analyzes the history of your transactions during the last 90 days to determine all your subscriptions. They then send you a list of current subscriptions and you can cancel ones that you don’t want to use anymore. Here’s a quick video on how Trim can save you money on your cable bill:

The way it works is fascinating:

  • Trim technicians and designers have been working on creating an artificial intelligence assistant that automatically arranges the financial life for you in some important ways.
  • Trim carefully contacts the company on your behalf. They do all the hard work (for free).

In general, this means that they will send an email template, or will make a phone call, or even a certified email on your behalf, to cancel things like old gym memberships that are notoriously difficult to escape.

Pro-Tip:

Did I mention there’s no fee for this? Because there’s no fee for this! Getting started with Trim is pretty straightforward: Sign up and connect your Messenger account.

Monitor your spending pattern

One of the benefits of Trim’s transaction history analysis is that you can closely track your consumption behavior. With Trim, you keep an eye on your transactions, and you can quickly and easily understand where you spend your money.

Custom recommendations

Trim can also help you ensure that you have the best credit and savings account for your needs. Trim can offer you credit card recommendations to help you get the best rewards for your credit score.

Is the Trim Bot Free?

Trim registration is entirely free, and the program does not use or sell your data. If you use the invoice negotiation service, you pay 33% of the annual amount you can save, but you pay nothing if Trim cannot reduce your bill.

Is Trim Legit?

It has been proven by myself that Trim is legitimate. Trim’s mission to save people money by helping them identify and cancel unwanted subscriptions, discussing cheaper recurring invoices and setting a more efficient budget is a praiseworthy goal. It is particularly admirable that they offer their services for free.

Trim App Reviews

Here are some top rated reviews of the Trim bot:

  • Forbes: “At AskTrim.com, you sign up for an account. Then you enter your credit card number, and presto: The free service automatically reviews your last 90 days’ worth of charges and finds those niggling little recurring subscription fees for you.”
  • Tech Crunch: “Trim first launched seven months ago, with a focus on identifying and canceling unwanted subscriptions. The team estimates they have saved users $6 million so far.”
  • CNET: “Trim is a little more transparent with its security — it uses the same Plaid API to connect your bank account, but it also boasts the same 256-bit encryption used by leading financial technology firms. Also, if you don’t feel comfortable adding your bank accounts or credit cards, you can email the statements to [email protected] which, if you ask me, seems a bit more risky.”

Other Money Saving Apps Like Trim

If you find it difficult to save money, using money saving apps to help you automatically save can get you on the right track. By saving money regularly you get in the right habit and start building wealth. You can see the full list of money-saving apps here or take a look at our favorites below:

AppAt a glancedownload
capital one shoppingCapital One Shopping
★★★★★
Amazon doesn't want you to know about this plugin. Learn about a little known plugin that tells you if you're getting the best price on Amazon.
START SAVING
aspirationAspiration
★★★★★
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
CLAIM $100 BONUS
robinhoodRobinhood
★★★★★
Open a new account in the next 24 hours and you could get up $200 in free stock.
CLAIM FREE STOCK
Truebill reviewTruebill
★★★★★
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.
SLASH YOUR BILLS

Trim Review Summary

Stop getting ripped off! Trim can negotiate your bill down for you. Works with Comcast, Time Warner, Charter, and any other provider.

Bottom line: It was able to save me some money. If you are at all interested in saving money, you should be using Trim.

Tip: Did I mention there’s no fee for this? Because there’s no fee for this! Getting started with Trim is pretty straightforward: Sign up and connect your Messenger account.

Sign up for Trim 

The Best Apps to Save You Real Money

We are on our phone a lot, right? Wouldn't it make sense to save money with the best money saving apps?

AppAt a glancedownload
capital one shoppingCapital One Shopping
★★★★★
Amazon doesn't want you to know about this plugin. Learn about a little known plugin that tells you if you're getting the best price on Amazon.
START SAVING
aspirationAspiration
★★★★★
Get a $100 bonus at Aspiration when you open and fund an account with $10 or more. Then use your Aspiration debit card to make at least $1,000 worth of cumulative transactions within 60 days of account opening.
CLAIM $100 BONUS
robinhoodRobinhood
★★★★★
Open a new account in the next 24 hours and you could get up $200 in free stock.
CLAIM FREE STOCK
Truebill reviewTruebill
★★★★★
This free app delivers on its promise to save you money effortlessly. You can use it to lower your bills, cancel unwanted subscriptions and bill negotiations.
SLASH YOUR BILLS

About the author

Brian Meiggs
Brian Meiggs is a personal finance expert, and the founder of My Millennial Guide, a personal finance site helping you put more money in your pocket. He helps millennials follow the smart money in order to increase their earning potential and start building wealth for the the future. He regularly writes about side hustles, investing, and general personal finance topics aimed to help anyone earn more, pay off debt, and reach financial freedom. He has been quoted as a top personal finance blogger in major publications including Yahoo! Finance, NASDAQ, Discover, MSN Money and more.

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Bottom Line:

Bottom line: Trim delivered on it's promise to save me money through automation. If you are at all interested in saving money, you should be using Trim.

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