Trim Launches Trim Savings, a New Way for Consumers to Save Money

New feature allows consumers to earn cash back on purchases they are already making

SAN FRANCISCO — Trim has announced Trim Savings, a revolutionary way for consumers in the U.S. to get money back on their everyday purchases. With Trim Savings, users link their eligible U.S. Visa card and then activate offers for a variety of stores and restaurants using Trim’s chatbot. Activated offers are then automatically redeemed via a statement credit when consumers use their linked card.

“In the future, we want every American to have a digital assistant that works tirelessly to save them money,” said Thomas Smyth, CEO and co-founder of Trim. “That’s what Trim Savings does, and is the first of its kind to deliver tangible benefit to users.”

Trim Savings uses the Visa Commerce Network to provide offers from stores and restaurants that are relevant to the purchases an enrolled user makes. Trim then asks if the user would like to activate the offer, which upon a qualifying transaction, will appear as a statement credit on the user’s account statement, and they are alerted of the credit within the chatbot. Users don’t need to download an app, print anything, or worry about a coupon code.

For a limited time, new Trim Savings users are eligible for up to $40 in promotional cash back offers across four categories: groceries, dining, shopping, and movie purchases. These promotional discounts serve to introduce new users to the process of activating and redeeming a card-linked offer – a brand-new experience for most Americans.

Users can sign up at using their eligible Visa card. There’s no charge to enroll.

Best Credit Cards of 2017

Rules of thumb:

If you don’t run a balance, then maximize the points you’re getting.

If you do keep a balance on your credit card, then minimize the interest rate you’re paying.

Explore a list of cards by category here.

What’s the point of a credit card?

How to maximize rewards: Look for cards with high sign-up bonuses and good long-term point value. 1 point per dollar spent (e.g., 1% back) is the baseline. Getting 2% back or 2x points is quite good. Remember that you’ll need a good credit score to get these higher point values.

Be skeptical of merchant categories or rotating categories – you may overestimate how much you will actually spend at those stores.

Where do points come from? Credit card companies make money in two big ways. First, they charge merchants a percentage of every purchase. When you swipe at a coffee shop, the coffee shop has to pay a small percentage to the credit card company. Second, credit cards charge interest if you run a balance. That interest can add up!

How to minimize interest payments: Some cards, called “balance transfer cards,” allow you to move the amount you owe on another card onto this new balance transfer card. Watch out for the transfer fee — usually 3%, but some cards offer a lower fee. Then you’ll get a 0% interest rate for a promotional period — anywhere from 9 to 21 months. Hopefully this will give you time to pay it off!

Here are three more things to remember.

  • Getting the best possible credit card is a smart financial move — but it’s smarter to make sure your finances are in order first.
  • Do your best to avoid running a credit card balance. Those interest rates are really high.
  • If you do run a balance on your card, look into balance transfer options — these could save you a ton.

Questions? Ask us at



Advertiser Disclosure: This site may be compensated through third party advertisers. This may include fees from certain financial institutions with products or services mentioned on our site, when customers apply or get approved for these products or services. In many cases, we don’t receive any compensation at all, but we want to be transparent that we may in some instances. Customer trust is crucial to the success of our business, and we value your trust and support immensely. As a company, we are focused on building a world where personal finance is easier, by saving customers money one at a time.🤖 💵 😃

What Is Trim?

Trim_Protecting Whats Yours

Trim is a personal assistant that saves money for you.

It’s like a fairy godmother for your finances. Trim’s “A.I.” — artificial intelligence — automatically analyzes your accounts and finds ways to put money back in your wallet.

What Trim does today:

  • Finds and cancels your old subscriptions
  • Negotiates your Comcast bill
  • Contests overdraft fees with your bank
  • Sends you alerts about your finances: large transactions, deposits, low balance, unexpected fees, and more
  • Allows you to keep track all of your accounts and charges. For example, you can text “Balance” to Trim if you want to see your real-time balance.
  • Identifies expenses that can be reduced, like credit card interest payments and too-expensive car insurance.
  • Helps you save for retirement by opening an investment account.

You sign up for Trim by linking your accounts so that the Trim A.I. can scan them and get to work. You can see what Trim is doing in your online dashboard (, and you can also communicate with Trim through SMS or Facebook Messenger.

Someday, Trim will be able to handle your entire financial life for you.

What Trim will do in the future:

  • Automatically find more ways to save you money
  • Optimize your credit card based on your spending history
  • Refinance your mortgage, car loan, or personal loan if interest rates decrease
  • Help you navigate big, complicated financial decisions, like saving for retirement or managing a budget.


Let the humans behind Trim know if you have questions: Thanks for trying out Trim!


Investing: Avoid the Fees!


Rule of thumb: You should put your money in index funds with very low fees.

What’s an index fund? It’s a way of investing in a bunch of different stocks and bonds at once. That way, is one of them goes down, you’re still OK. This is called “diversification.”

What’s a “very low fee”? You should be paying less than 0.25% in fees per year – hopefully a lot less.

Our favorite: Wealthfront. It’s completely free for the first $10,000 you invest. After that, Wealthfront has very low fees (0.25%), automated diversification, and an easy website. Wealthfront automatically allocates your investment across a number of low-cost index funds.

You can open a Wealthfront account for free in about 7 minutes here.

Other good ones are Vanguard and Betterment.

Many people get ripped off by letting high-fee money managers or financial advisers invest their money. “High fee” to us means anything higher than 0.25% per year. Don’t do this.

Here are three more things to remember.

  • Don’t check your investment account every day. Once every few months is fine. Once you have it set up, don’t change anything, even if it goes up or down.
  • Picking individual stocks is for geniuses and idiots. If you are not a genius, do not pick individual stocks.
  • Remember that this money in your investment account is for long-term goals like retirement. Put money in, don’t take it out!

Questions? Ask us at



Advertiser Disclosure: This site may be compensated through third party advertisers. This may include fees from certain financial institutions with products or services mentioned on our site, when customers apply or get approved for these products or services. In many cases, we don’t receive any compensation at all, but we want to be transparent that we may in some instances. Customer trust is crucial to the success of our business, and we value your trust and support immensely. As a company, we are focused on building a world where personal finance is easier, by saving customers money one at a time.🤖 💵 😃

What President Trump Means For Your Money: 5 Key Takeaways

Early this morning, we joined the ranks of Americans who were surprised — to say the least — by Donald Trump’s victory over Hillary Clinton in the presidential election. Whether you love or hate the president-elect, it’s impossible to ignore the fact that his proposals, such as they exist, will have substantial ramifications on the U.S. economy both in the short and long term.

If you’re wondering what this stunning development portends for your money, we’ve got some advice on managing your finances in the era of President-elect Trump. Here are five tips from our team:

  1. Don’t make any sudden moves

American financial markets went on a wild ride in after-hours trading last night, with Dow Jones futures falling more than 800 points as Clinton’s softness in key swing states became apparent. The global markets echoed this uncertainty, with key Asian benchmarks seesawing as traders awoke to a Trump win. It’s clear from the reaction that investors around the world expected a Clinton victory, and if there’s one thing the markets hate, it’s unpredictability.

For the moment, U.S. equities seem to have bounced back close to pre-election levels, but one thing is clear: the markets will be incredibly volatile over the next few months. This is because we don’t know which of President-elect Trump’s many campaign promises will actually be enacted; some of them are pro-growth, like infrastructure spending, and some could be disastrous, like imposing broad trade tariffs. We also don’t know much about the executive team he will assemble, notably the Secretary of the Treasury, who will play a key role in defining the Trump administration’s fiscal policy.

Timing the market is incredibly difficult, even for professionals. We suggest that either selling or buying assets on the basis of the immediate election result is premature. Neither panic nor elation is a good strategy. You should sit out the short-term madness and stick to your long-term investment plan.

  1. Interest rates will probably stay low

Given the volatility that has only just begun to rear its head, the interest rate rise which the Fed had teased for December will probably not happen. The next opportunity for rates to rise is March 2017. That said, if the market settles, the Fed may still push rates up a quarter of a percent as planned. For now, we’d say that if the prospect of rising interest rates was a factor spurring any personal financial decisions, like refinancing your mortgage, you can rest easy and take your time for now.

  1. Explore your options for health insurance

It’s unclear whether President Trump will carry out his long-voiced threat to dismantle Obamacare and replace it with “something way better,” but with a Republican Senate and House on his side, as well as the looming prospect of a conservative Supreme Court, a successful challenge to the Affordable Care Act is well within the realm of plausibility. If you are currently on an Obamacare plan, start looking for alternatives: through your spouse or your parents if you’re under 26, or by placing a premium on employer benefits in the job hunt.

If you have an HSA or other medical savings account, it might be wise to max out your contribution to ensure sure your health needs are covered.

  1. Personal taxes are likely to go down

With full Republican control of Congress, President Trump will likely push through a package of across-the-board tax cuts. This could be detrimental to the economy in the long-term as the deficit increases and our national debt continues to mount, but in the short-term, it will increase household consumption and create growth.

Another likely change is the repeal of the estate tax: under the current laws, you pay 40% on the excess value of any estate worth more than $5.45 million.

Finally, with corporate taxes being reduced to a flat 15% for all businesses under Trump’s tax plan — including sole proprietorships and S Corporations — independent contractors are going to be in great shape, tax-wise. Top wage earners could go from a marginal tax rate of close to 40% under the current tax scheme to paying a mere 15% as contractors under the Trump tax plan. This could have a tremendous impact on the “gig economy,” making it a far more appealing proposition to work for Uber or Instacart.

  1. We repeat: volatility is the new normal

This is probably not the best time to take any major risks with your finances. Again, we’re not sure about the ultimate financial implications of a Trump presidency, and this is precisely why it’s a good idea to batten down the hatches. It would be wise to put off major discretionary purchases for the time being. Make sure your emergency fund is fully stocked and cut down on unnecessary consumption.

These basic rules of personal finance apply even more strongly when unpredictability reigns; a little prudence will ensure that you make it through the next four years in great shape, no matter what President Trump has in store.

Finding Cheaper Car Insurance

🔑 = Shop around for”🚗💸” (car insurance) b/c you are probably paying too much.

From now on we are going to call it “🚗💸” because (a) your money is flying away whenever you pay for “🚗💸” and (b) people hate talking about “🚗💸”.

1. If you have a car, drag yourself off Snapchat and figure out if you should be paying less for “🚗💸”.

2. Stop procrastinating and do #1 already 😃.

3. We look for “🚗💸” with this website called CoverHound which lets you compare quotes from a bunch of different “🚗💸” companies. The big one that’s missing is Geico, so you should also go to their website.

Someday Trim will be able to find you cheaper “🚗💸” automatically, so you can stay on Snapchat and be lazy and still save money 🎉. Stay tuned…

Questions? Ask us at

Refinancing Student Loans

🔑 = If you have student loan debt, you should see if you can get a lower interest rate 💯

Student loans are crazy: more than $1.2 trillion in the U.S.

If you have student loans, you should absolutely do some research and see if you could pay less in interest.

Warning: be sure to figure out what your existing loans are like. Some federal student loans come with special features, like the ability to push pause on payments if you lose your job, go back to school, or serve in the Peace Corps (this is called deferment or forbearance).

Another major tip: Pre-paying your student loans is probably the highest risk-adjusted return you can get with any extra money. Instead of putting all your nickels in a savings account or even an investment account, pre-paying student loans can lead to some huge optimization over time.

Here are two more things to remember.

  • You’re not alone! 40 million Americans have student loan debt.
  • Don’t wait to re-finance or pre-pay. We have seen so many of our friends delay…and procrastinate…and say they’re doing it “next weekend”…. No! Do it NOW! Your future self will thank you 😃

Questions? Ask us at

Getting A Personal Loan

🔑 = If you have credit card debt and want to pay it off over 3 to 5 years, a personal loan might be a good fit.

You should also look into balance transfer credit cards.

Other reasons to get a personal loan: to cover medical expenses or other large expenses you don’t want to put on a credit card.

Be aware that a personal loan is something that you have to pay back in a limited period of time. It’s not like a credit card or a “revolving” line of credit, which you can pay off over a longer period of time (albeit at a higher interest rate).

If you do take out a personal loan, then research your options to find the best interest rate.

Here are three more things to remember.

  • Getting a personal loan will require a hard credit pull during the application process. This isn’t a huge deal, but it may decrease your credit score by a few points temporarily.
  • Don’t get sucked into a debt trap. Make a plan to pay it off!
  • Make sure that the personal loan providers you consider are trustworthy and don’t have any hidden fees.

Questions? Ask us at

Getting A Mortgage 🏡

🔑 Rules of thumb:

If you’re getting a mortgage, shop around to find the best interest rate.

If you’re thinking of refinancing your mortgage — especially if you’ve lived in your house for a while — then do the same thing!

To be honest with you, the founders at Trim are scrappy entrepreneurs who don’t own a home yet. So we have yet to learn about mortgages firsthand. Send us your tips here:

Shop On Amazon Lately? This Awesome Hack Will Get Money Back

Prices on Amazon change millions of times per day.

When you buy something, odds are you’re not getting the lowest price.

Fortunately, if you use the right credit card, an amazing hack called “price protection” can get you a refund if you overpaid.

Here’s how it works:

If you buy an item using a credit card with price protection, and the price drops in the next 90 days, Trim will file a claim with your credit card company. Once it’s approved, you’ll get a check in the mail for the difference in price. Trim takes 25% of whatever we save you.

Yes, it’s actually just free money.

Remember, you need to have a credit card that offers the price protection benefit. Click here to see a list of eligible cards.

Check out this example of an Amazon price change.

One of our engineers, Will, recently bought some nice new Steve Madden Chukka Boots on Amazon. (Trust me, they look great.) He bought them for $48.

A few days later, the price dropped to $29.46. But then it skyrocketed, spiking to $73.05 a few days later.


Fortunately, Trim is able to file a claim when the price is at the lowest point.

How does “filing a claim” actually work?

It used to be a huge pain. You would need to collect all your receipts and proof of purchase with an eligible credit card. Next, you would have to call (and enjoy some hold music) in order to initiate a claim. Then you would have to mail or even fax all the necessary paperwork.

What we’ve done at Trim is to automate the entire process, so everything happens electronically. Once you sign up and connect your account with Trim, your only job is to cash the refund checks when they arrive at your door.

As with everything,”terms and restrictions apply!” Price protection policies usually don’t cover auto parts or accessories, food, clothing, rare collectibles, live animals (yes, they sell those on Amazon), travel, or digital downloads. But most everything else is covered.

If you don’t have a credit card with price protection already, you can get one here.