Trim Review
Updated February 09, 2024

Trim Personal Finance Bot Review 2024: What Is Trim and Is It a Scam?

Saving Money

We may receive a commission if you sign up or purchase through links on this page. Here's more information.

In a world of automated spending, why not make saving automated as well?

Trim is changing the way that consumers save money, taking the same set-it-and-forget-it approach that we all use with auto-pay and applying it to saving you money.

Cutting back on spending or finding ways to save money can be easier said than done.

With Trim’s artificial intelligence, your financial transactions will be automatically tracked and you’ll be notified of ways that you can save money.

Trim is unique in the fact that it can fully automate your savings, making it easier than ever to cut back on unnecessary expenses and meet those difficult saving goals.

In our Trim app review, we’ll show you how you can make saving automated and why you should sign up for the Trim savings app today.

Trim App Review

Trim App Review

Trim is a truly revolutionary artificial intelligence service that will save you money in ways you may not have thought of before.

The Trim application and platform is designed with the consumer experience in mind.

The clean, simple to use dashboard lets consumers easily review their spending information, analyze shopping trends, upload bills to be negotiated, update notifications, and review any alerts that Trim finds.

These alerts include overdrafts, fees, subscriptions, and other alerts on ways to save.

Save Money Automatically With Trim

Trim makes saving and managing money easy and stress-free.

You no longer have to track your spending manually, and if there are ways to save that you might be overlooking, Trim is there to step in and take advantage of those savings.

We love Trim for its simple design, intuitive finance management, and its robust lineup of services.

Trim Personal Finance Bot

The History of Trim

Trim was founded in 2015 to help consumers cancel subscriptions that they no longer wanted.

Millions of dollars were being spent every year on forgotten subscription services, and the founders of Trim wanted to help consumers save money by automatically removing unnecessary expenses.

Trim’s artificial intelligence program was initially designed to detect and cancel unused subscription services, but it has now developed into a service that can help you save money on items such as your phone bill, internet, and even your car insurance.

Analyze Your Financial Transactions

When you sign up for Trim, your financial transactions will be automatically analyzed, and Trim will look for subscription services, credit card finance charges, late fees, auto-payments, and so much more.

Trim was founded with the goal of helping everyone reach financial success, and in just a few short years after being founded, it’s doing just that.

Trim Subscription Cancellations

What is the Trim App and How Does Trim Work?

Trim makes saving money easier than ever.

When you sign up for Trim, your purchases are going to be automatically scanned and categorized.

Trim works with most major service providers for phone, cable, and internet, meaning Trim can negotiate your bills on your behalf.

The advanced artificial intelligence uses chat and email contact features with these service providers to negotiate your bills on your behalf.

Start Negotiating Your Bills Today

Rather than manually calling your service providers and spending countless hours negotiating your bills, Trim takes care of it for you.

Financial automation is the way of the future, and Trim is leading that change with unparalleled financial automation services that can help save you money.

In addition to monitoring subscriptions and negotiating bills, Trim can also review your car insurance policy and notify you if there is a less expensive option out there for you.

How to Use the Trim App

How to Use the Trim App

One of the best parts about Trim, other than saving money, is the fact that all you need to do is sign up for your Trim account for you to start saving money.

When you sign up for Trim, you’ll need to enter your personal information, such as your name, address, and contact information.

Additionally, you’ll need to link your debit and/or credit cards to Trim.

If you don’t link your cards, Trim can’t monitor your purchases and save you money.

Your Information is Safe with Trim

Trim takes your personal and financial information security seriously.

They use bank-level security with 256-bit SSL encryption.

On top of the highest level of encryption available, Trim also uses two-factor authentication and requests read-only access to your financial information, meaning your sensitive banking credentials and other important financial information is safe.

Trim will never store or save your financial information on their servers, which is another way that Trim keeps your information safe and secure.

After you securely connect your accounts, Trim analyzes spending to find recurring subscriptions, bills, insurance payments, credit card payments, and more.

Get Updates on Your Spending Habits

You can get spending information and updates via text so you’re always on top of your spending habits.

If Trim notices you’re spending more money than usual at a certain store, for example, you’ll get a text alerting you of how much you’ve spent at that location.

Many consumers don’t realize how much they spend at the same places, and by getting those regular text alerts, they can be much more aware of their own spending habits.

Finally, you can use Trim to have your bills negotiated for you.

Upload a copy of your recent bill, and Trim’s artificial intelligence will work on your behalf to negotiate and lower your phone, cable, and internet bills.

Trim Personal Finance Bot Review

How Does Trim Make Money

Signing up for Trim is completely free, and you’ll never have to pay anything until Trim lowers your bills for you.

Even after your bills are lowered, Trim only charges you a third of the total savings, meaning you’ll keep a significant portion of the money that you’re saving every year.

Don’t Pay Until You Save

After uploading your most recent bill or connecting your service account to Trim, all you need to do is sit back and watch your bills get lowered.

You can save as much as 30 percent on your phone, cable, and internet bills, all while keeping the same great service and plan.

Trim’s fee is charged to you based on the yearly savings total, meaning you won’t pay Trim anything until they’ve secured a lower bill on your services.

Trim App Review

Trim Concierge

On top of monitoring your purchases, alerting you of ways to save money, and negotiating bills on your behalf, Trim offers its own concierge service to help with any of your finance questions or concerns.

This paid feature matches you with a personal finance coach, giving you unlimited support to help you reach your financial goals.

Financial Advisors are Available to Help

Your advisor will be matched to you based on your personal financial profile as well as the financial goals that you indicate when you first sign up with Trim, meaning your coach is going to be aligned with you on what you want for your financial future.

Ask questions, raise concerns, and get financial advice when you need it.

Trim also does not have a set price for their financial advice services.

Instead, you pay what you think is fair, anywhere from $3 to $10 per month.

Trim Personal Finance Bot

You Decide How Much to Pay

If you’re looking for some occasional advice or you want to speak to an advisor every day, you decide how much you want to pay based on what you think their service is worth.

There aren’t many companies out there that let customers decide what they want to pay for a service, and when it comes to expert financial advice, many companies charge much more than a mere $10 per month.

Take advantage of one-on-one finance consultations with a finance coach through Trim.

Trim Savings Account

Make the most of your money with automated savings through Trim.

Trim offers its users the ability to open a high-yield savings account, which makes saving money even more enticing.

With a savings account that provides an annual interest rate of 1.5%, Trim can help you grow your money to save for large purchases, emergencies, or just a rainy day.

Trim Subscription Cancellations

Set Up Automatic Transfers

When you sign up for a Trim savings account, you can link your existing checking account and set up automatic transfers to your new high-yield savings account.

Whether that’s once a week or once a month, setting up automated transfers allows you to grow your savings at your own speed.

Trim Budgeting

Stay on track toward your saving goals by setting up a budget right on the Trim site.

Trim will give you a suggested budget after analyzing your purchases, and you can alter the budget as needed.

Enter your income and expenses to see what you have left over every month, and check your spending reports to see where that money is going.

You’ll get regular updates to track your progress, and you’ll receive personalized suggestions when you’re not meeting your budgeting goals.

How to Use the Trim App

Trim Routinely Updates Your Budget

Trim uses your personal spending information, bill negotiations, and financial transactions to update your budget regularly.

While some budgeting sites require completely manual entry month over month, Trim’s intelligent budgeting software updates as your spending habits change.

The budgeting tool is a great addition to an already impressive lineup of features that Trim has to offer.

Is Trim a Scam?

Some users may be wary of giving Trim access to financial information, causing some consumer to ask, is Trim safe?

Trim is an extremely safe and secure site that makes saving money easier than ever.

While some consumers may feel that Trim is a scam, we can confidently say that Trim is a legit way to save money.

In fact, it’s one of the top ways to lower your bills and manage your finances.

Trim Personal Finance Bot Review

Trim Uses Bank Level Security

The two biggest signs that point to Trim not being a scam are the bank level security and the fact that you’re never charged unless Trim successfully lowers a bill.

The 256-bit SSL encryption keeps your personal and financial information completely safe.

Remember, your information is never stored on Trim’s servers, and Trim requests read-only access to your financial information, meaning they are not able to access additional sensitive information or make changes to your accounts.

Never Pay Up Front

There are other sites out there that ask for an up front payment or monthly subscription fee, without ever guaranteeing that your bills will be lowered.

With Trim, you only pay when Trim is successful at lowering your bills.

Even when they are successful, you only pay a third of the total yearly savings.

Trim App Review

Why We Recommend Trim

Trim is an incredible tool that allows consumers to take back control of their finances.

Whether you use it for understanding your spending habits or you are interested in lowering your bills, Trim has something for everyone.

It’s easy to sign up for your free Trim account, and using the features on Trim couldn’t be simpler.

Trim App Review: Conclusion

Trim takes a hands-off approach, meaning you no longer have to worry about tracking expenses, canceling subscriptions, or negotiating your bills.

We love the thorough spending reports that Trim provides its users completely free of charge.

With this information, users will understand their spending habits and will be able to set a budget every month.

Trim will even track how well you stick to your budget and will give suggestions when you aren’t on track to meet your goals.

With its straightforward platform and fantastic selection of money-saving features, Trim is a must-have for anyone looking to save money and meet their financial goals.

Trim Personal Finance Bot Review


Logan Allec, CPA

Logan is a practicing CPA and founder of Choice Tax Relief and Money Done Right. After spending nearly a decade in the corporate world helping big businesses save money, he launched his blog with the goal of helping everyday Americans earn, save, and invest more money. Learn more about Logan.

Back to top  
Notify of

1 Comment
Newest Most Voted
Inline Feedbacks
View all comments
Jay Gregory
Jay Gregory
1 year ago

Hey Logan, I gave a Trim a try. About a week or two after signing up I started to get spam texts on my phone (phishing attempts) trying to get me to tap a link to what I suspect was a bad place to visit. My suspicion was aroused when the spam text annouced that $3246.28, or there abouts, was being deposited into my account. So either Trim is running a scam themselves or selling the info they get to make a few bucks.