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Too Many Subs

Posted on July 6, 2022 at 9:30 AM by Danielle BrownWolf

Signs that you’re paying for too many subscription services

 

Subscription services are great. But they are also plentiful and costly. According to a recent report, the average American spent $273 per month on subs in 2021. That’s up almost 20 percent compared to 2018. While we all love subs for their convenience factor, you could probably cut back on some and save some cash. Here are some signs you’re in too deep with subs.

You’re Paying For Things You’re Not Using

There’s a good chance you’re paying for subscriptions that you never, or rarely even use. One easy way to weed out subs that you don’t use is to target TV. Make a list of all the TV services that you’re subscribed to. Then go through each one and see if those services carry shows you actually watch. If you’re subscribed to services that don’t carry shows you enjoy, cut those services.

You’re Surprised

If you make a list of all the subscriptions you’re paying for and there are some surprises, it’s time for some changes. As Nasdaq reports, forgetting that you’re subscribed to something is a surefire sign you don’t need to be paying for it. Discontinue those services immediately. If you’re feeling antsy about doing so, remember that the best part about subs is that if you find yourself wanting it again, you can simply re-subscribe.

Your Budget is Hurting

Another sign you’re paying for too many subs is that your budget is hurting. If you can’t figure out why money is tight each month, look at the money you’re shelling out for subs. That’s an easy category to cut back and free up some funds for more important things, like savings and paying down debt.

 

 

This article was originally posted on savvymoney.com 

The material provided on this page is for informational use only and is not intended for financial, tax or investment advice. VisionBank, PurposeBank, and/or its affiliates assume no liability for any loss or damage resulting from one’s reliance on the material provided. Please also note that such material is not updated regularly and that some of the information may not therefore be current. Consult with your own financial professional and tax advisor when making decisions regarding your financial situation.

Categories: Saving

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