Many software and IT contracts renew automatically. That’s fine if you’re happy with the price, but a renewal can lock you in for another term, sometimes at a higher price. Here’s how to stay in control.
1. Find the renewal date and notice period
For each contract, find two dates: when it renews, and how much notice you have to give if you want to change or cancel. The notice period matters most. If it’s 90 days, you need to decide three months before the renewal date.
These details are usually in the contract, the terms you agreed to when you signed up, or your account settings. If you can’t find them, ask the supplier in writing.
2. Put a reminder in your calendar
Set a reminder a few weeks before each notice deadline, not the renewal date. That gives you time to compare options without rushing.
3. Check what you’re actually using
Before each renewal, check how many people use it and which features you need. You may be able to move to a smaller plan or fewer users.
4. Ask before you renew
It’s reasonable to ask a supplier whether there’s a better price, a different plan or a shorter term. The worst they can say is no.
5. Keep it all in one place
One simple list of every contract, with renewal dates and notice periods, saves a lot of last-minute stress.
Need a hand?
As part of our free savings check, we can help you find your renewal dates and work out which contracts are worth reviewing first.
