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A Penny Saved

Lowering your bill is as easy as point and click.

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This story appears in the December 2000 issue of Entrepreneur. Subscribe »

Don't say you don't have the time it takes to save money. Sure, shop-ping around to save a penny on long-distance phone charges or a half-cent per kilowatt-hour on electricity is time-consuming drudgery. But what if you could do it all in just a couple of clicks of the mouse? It's a deal that's hard to sneer at, and it can be found at a growing number of Web sites that aim to make shopping for utility services in a deregulated marketplace both fast and money-saving.

Case in point: LowerMyBills.com, which, at a recent glance, revealed easy ways to cut long-distance charges below 5 cents per minute and save a few bucks per month on electricity. It also offered up money-saving options for cellular phone accounts, auto insurance and credit cards. A real plus here: Just fax your bills to LowerMyBills, and its staff will hunt for smart money-saving deals that suit your specific circumstances. There's no charge for this personal service. Essential.com-which bills itself as "Your Energy and Communications Marketplace!"-offers much the same benefits, as does GetConnected.com.

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