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Trim Review 2024 – Lower Your Monthly Bills with AskTrim

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Trim Review

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Trim is a money saving service that aims to help people reduce their spending and save more money. The app does so by analyzing a user’s spending patterns and making recommendations on how the user can save money, such as by cancelling unnecessary subscriptions. In addition, the platform also offer negotiation services to help users reduce their spending on bills such as medical and phone bills.



Legit & Safe

Earning Potential

Ease of Use

Payout Process


  • Potential to save money – Trim has many ways to help you save an average of $620, such as by identifying and cancelling unnecessary subscriptions.
  • Grow your money with a savings account – Trim also offers its users a goal-based savings account feature that is insured up to $250,000 by the FDIC.
  • Relatively low fees – the platform only charges 15% of all the money it helps you save, which is relatively lower than other similar platforms.
  • Highly secure platform – Trim uses 256 bit encription to ensure that your sensitive data such as your spending does not get leaked.


  • Not available in all US states – the platform’s most popular service, bill negotiation, is not currently available in AK, AR, CT, DC, MA, RI & VT.
  • You can DIY Trim’s services – you can avoid paying the 15% fee if you take the time and effort to do the things that Trim offers as services yourself.

Jump to: Full Review

Compare to Other Money Saving Apps


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Most members can earn an extra $50 – $200 a month using Swagbucks


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Get $10 cash back bonus after spending $25 with any of 1000+ brands

Easy to get up to 20% cash back – simply scan your receipt and upload it

Claim your cash back by PayPal or from over 80+ gift card options


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20 million members earn on average $345 cash back a year (4400 retailers)

Generous cashback offers and deals – up to 65% from some of retailers

Get notifications of latest deals with mobile app or browser extension

How Does Trim App Work?

Trim App, or Ask Trim is an automated personal finance assistant that looks through your monthly expenditure and alerts you whenever your bills can be negotiated and extra costs can be eliminated. 

It’s very easy to get started with Trim App. Simply sign up for Trim to and link your bank account(s) so that Trim gets access to your monthly expenses.

Trim App uses Artificial Intelligence to monitor your monthly spending while saving you a lot of money on the way. 

By now, you must be wondering: but how does trim lower bills anyways? Let’s take a look at the 2 main features Trim uses to lower your bills.

Using Trim App to Cancel Subscriptions

The subscription economy has emerged since 2015 and has captured the market quite well. Many people including me, have subscribed to these subscription services at least once. 

I’m pretty sure you have subscribed to some services’ free trials that are now over and charging a significant amount on a recurring basis.

This is where the Trim app comes into play. It uses an AI to go through your monthly expenditures and finds recurring transactions. Then it will send you a text including the details of these subscription-like transactions asking you whether you need to keep them as it is or get them canceled. 

If you opt to cancel these, the Trim app will do that for you. Trim will either send an email, place a call or even send a certified letter to the particular subscription service and get it canceled for you.

Alternatively, you can choose to cancel subscriptions yourself – and Trim will just point you in that direction.

Negotiating Your Bills with Trim

Negotiating the bills yourself might be time-consuming and irritating for you. But Trim takes this process off your shoulders and does it for you. 

First, you need to link service provider accounts (phone, cable, or internet) with Trim or you can upload a copy of your bill to the Trim platform. Once you have done this, Trim will automatically start finding ways to save your money.

How Much Money Can Trim Save You?

As Trim advertises on its website, it can save you an average of $645 per year. 

Let’s break down the bills by category and see how much Trim app can save you in each category.

Bill CategoryExpected Savings per Year
Bill Negotiation: Internet, Cable, TV, Satellite$290
Subscriptions Scanning & Cancellations$120
Bank Negotiation: Lower Interest on Credit Cards$290
4% High-Yield Savings Account$80
Medical Bill Negotiation$300
TrimPay: Pay down credit card debt faster$71
Car Insurance Analysis$247
Total average yearly savings$1,498

Is Trim App Legit, Safe & Secure?

You might be unsure whether to trust a third party with access to your sensitive financial information. But Trim is a legit company that has saved over $20 million to its users. Having said this, you’re not betting your money and safety on an unpopular company here.

When it comes to the security of your account, I have to mention that Trim’s platform uses 256-bit SSL encryption which is the typical industry standard. Even so, they don’t share your personal information or financial information with any other party. 

Moreover, Trim only gets read-only access to your financial information. Meaning they won’t be able to do any changes without your approval. You can take away this access if you feel it’s not safe or worth it at any time.

The Trim app has also been accredited by the Better Business Bureau, holding a B rating and a score of 3.8 out of 5-star rating on Trustpilot. The main reason for lower Trim reviews on Trustpilot is that some people aren’t really satisfied with their services and complain that Trim couldn’t save them much money.

Trim Premium

Trim offers some premium services for a not-so-premium price. You can get a 14-day trial to an annual plan of $99 per year which packs in so many other benefits than the basic ones said earlier.

Keep on reading to find out all about the debt calculator, financial coaching, and many other services offered by Trim for premium clients.

Simple Savings

This is an automated savings account that offers 1.5% annual interest on your balance. 

You can even automate to transfer funds from your checking account to the Simple Savings account weekly. 

It might not be the highest yield option out there, but it’s safe and easy to use.


You can set up this feature to transfer funds from your checking account to TrimPay and then set a date to transfer those funds to pay your credit card debt. 

If you have excess money in your checking account, you are likely to spend it on something unimportant. The motive behind TrimPay is to prevent this from happening and in turn taking down your credit card debt.

Financial Coaching

If you sign up with the premium plan you get unlimited access to Trim’s team of financial coaches. They will provide you guidance on the financial decisions or moves you are willing to make like obtaining a loan, investing, or paying off debt. 

Debt Calculator

Having all your financial accounts linked to Trim is a big plus if you’re using the Trim Premium plan. Trim will calculate and customize a payoff plan that will minimize the interest you have to pay on all your debts. 

Bank Negotiation

The Trim Bank Negotiation feature lets Trim personally call your bank to negotiate and find any possible savings on your credit card rates, other bank charges, etc.

Trim App’s Other Features

Once logged in, you’ll find some extra features in the Trim app that don’t save you money directly but can help you make better financial decisions.

Here’s what Trim app has to offer:

  • Spending analysis – This feature allows you to monitor your monthly spending and compare it with those of other months for an exact date or category. This feature is useful if you have many recurring expenses or many one-off expenses each month.
  • Budget your spending – As the name suggests, you can plan a budget with the Trim App using this feature. Trim will notify you of the progress every month.
  • Trim Simple Savings account – This automated savings account makes you earn an annual interest of 1.5% on your balance. 

Note: The funding source for the Trim Simple Savings account is automated weekly transfers. You can set any weekly transfer amount to fund your savings account, which you can change at any time.

Trim Customer Support

Since Trim provides financial services, it’s essential that they provide customer support. Whether you have a question or an issue regarding your membership or an app itself, you can email the Trim customer support at

Banking services are provided by Evolve Bank – so if you have a complaint about their banking services, you should send an email to

How Much Does Trim App Cost??

Trim will charge you a fee of 33% of the money they have saved you. Let’s say you save $50 a month for a year, that is $600 for the whole year, Trim will only charge you $198 out of that for the whole year.

And what’s best about Trim fees is that you don’t have to pay anything out of your pocket. They just take a percentage of what they save you, which is a pretty fair deal.

Trim Premium Pricing

You can also get the Premium plan for $99 a year to get access to the premium features that they offer. There’s a 14-day free trial available for you to try premium features out.

Whether you’re a regular or a premium user, there are no hidden costs that you need to worry about.

The table below sums up all the fees associated with your Trim membership:

Membership Plan:Flat FeeMembership Fee

How Does Trim Make Money?

If you’re still wondering what benefit does Trim see in lowering your bills and how it makes money, the answer is simple. Trim charges you a fee of 33% of the total annual savings.

But that’s not all. Trim also recommends you certain financial products that match your needs and preferences. As a result, those financial products providers pay Trim a commission for bringing you (and other users) to them.

Trim App Pros & Cons


  • Identifies unwanted subscriptions and cancels them for you
  • Negotiates with service providers to minimize your bills for you
  • You’re paying Trim from the money they have saved you so you don’t have to pay them out of your pocket
  • Is a secure app that doesn’t share your financial information with other parties


  • The website is optimized for mobile devices, but there’s no app
  • Might not be useful if you’re already doing all the things Trim offers yourself

Trim App Alternatives

Trim App vs. Rocket Money

Rocket Money Summary

  • No upfront costs for the free plan
  • Save an average of $96 per year or more
  • 5+ different ways to help you save money
  • Save money by canceling subscriptions

Both Trim App and Rocket Money provide very similar services to save your money. Rocket Money too has features to identify and eliminate any unnecessary recurring charges and automated bill negotiation.

The only difference is Trim App will cancel your subscriptions for free but with Rocket Money you have to have a premium plan to do that.

Trim App vs. Billshark

Billshark Summary

  • No Savings, no commission
  • 90% success rate
  • Receive $10 per referral
  • Saving on average $300 per year

Just like the Trim app, Billshark also offers bill negotiation. But compared to Trim, Billshark charges you a higher fee of 40% for the money they have saved you. Moreover, the Trim app is a bit ahead as it provides more services. For example, Billshark is missing the feature to cancel your subscriptions.

Trim App vs. Clarity Money

Clarity Money also has almost identical features to Trim. They offer bill negotiation and subscription canceling like Trim App and other features such as credit score monitoring as well. 

However, Trim is the better option out of the two because additionally, you get free professional financial coaching with the Trim premium plan.

Is Trim App Worth it?

If you’re looking for ways to eliminate your monthly expenses and need help tracking your finances, Trim is the perfect fit for you. You won’t end up spending a lot of money on a personal finance app, because you’re only giving them a portion of what they have saved for you.

However, if you’re someone who always keeps track of your monthly spending and services you subscribed to, then Trim might not be a great value for you. 

What is a Trim App?

This 5-year-old app still keeps up with today’s standards and has saved over $20 million for its users already.

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Kate Starr


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