An expert’s guide to saving on your household bills

We sat down with our Marketplace partner, Paylow, to find out how you can save on your household bills and benefit from their Open Banking and AI technology

It’s not quite Groundhog Day, but it feels like our bills are forever increasing.

As we continue to bounce in and out of a cost-of-living crisis, the last thing you want is for one of your household bills to renew at a rate much more costly than you anticipated.

Whether that’s utilities, broadband or Disney+ for the little ones, we all like to know what our outgoings are for the month.

So, imagine being able to leave your subscriptions to a provider that can take the burden of switching off your hands, where your current plans will be compared against the live market for deals that meet your specific needs and budget.

Introducing Paylow, our Marketplace Provider that empowers employees to effortlessly manage and optimise their recurrent-expenses. We recently sat down with Noah Rubenstein, Partnerships Manager at Paylow, to find out more about their service and how they can help you ‘benefit’ when it comes to your bills.

Expert’s Q&A

Zest: Why should employers be doing more during the rising cost-of-living for their employees?

Employers have much to gain by supporting their employees. It’s reported that 77% of employees in the UK say money worries impact them at work. It’s also said that 89% of large UK companies are impacted by poor financial wellbeing in the workplace. Providing financial benefits can boost retention, attract talent, and enhance productivity by reducing the stress and distractions caused by financial pressures.

Such support not only bolsters a company’s reputation as a socially responsible employer, but also contributes to long-term sustainability and operational effectiveness. This strategic investment in employee well-being is crucial in maintaining a committed and effective workforce during these challenging economic times.

Zest: So, if you’re looking to save on household bills, how can Paylow help?

Paylow: Paylow automates the process of market research by comparing your current household bills with available alternatives. We also provide a smooth switching service thanks to our integration with countless vendors, saving you time, effort, and money. No more research, phone calls, or worries about finding the right plan. We take care of it for you!

Zest: What subscriptions can Paylow manage?

Paylow can manage a wide range of subscriptions – including utilities (energy, mobile and broadband), fitness, cloud, streaming services, memberships, digital news, e-commerce, insurance, loans and basically every recurrent expense.

Zest: Can Paylow take information and make recommendations based on my specific needs?

Paylow utilises Open Banking and AI technology to provide a hyper-personalised service. We collect data from your linked bank accounts to identify your recurring subscriptions and payments. Using advanced algorithms, we then compare your current plans with live market alternatives to suggest alternatives that we believe will be the best fit for your specific needs.

Zest: How often does Paylow check for new deals?

Paylow is connected live via API to all our vendors. This means we are continuously monitoring the market for the latest deals and update your recommendations accordingly. This proactive approach ensures you’re always getting the best value for your money.

Zest: How does Paylow contribute to my overall financial wellbeing?

Paylow is designed to enhance your financial wellbeing by reducing unnecessary expenditures and optimising your monthly budgets. This not only keeps more money in your pocket but also helps streamline your finances, giving you greater control and peace of mind. With Paylow, you can focus on achieving your financial goals while we take care of the details.

Zest Marketplace

Are you looking to provide the best possible benefits offering for your people?

Our Marketplace empowers you to take charge of your benefits strategy, allowing you to craft a bespoke benefits scheme that perfectly aligns with your company values.

To partner with providers like Paylow, and to elevate your benefits platform, visit our Marketplace page today.

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