This piece is part of my 2016–2026 archive migration. Some original formatting, content, and external links may be missing, changed, or not be optimized.
The benefits are adding up quickly
“Subscriptions are costing more than many consumers realize. The average monthly spending was $219, more than 2.5 times what consumers thought they were paying, according to a 2022 survey commissioned by market research firm C+R Research. “You accumulate more subscriptions than you think over time,” McCarthy said. (Source: USA).”
If you were to write down everything you’re spending, what would you find?
Some people would find several unused subscriptions, subscriptions they didn’t know about, or subscription amounts that don’t align with the original price they signed up for.
Many subscription companies consistently increase their pricing. If you don’t read the notices or notifications they submit for price increases, you may be paying more than you thought.
I frequently thought I couldn’t cancel any more subscriptions until recently. Ten subscriptions that I thought “I needed” for business and personal use were able to be canceled.
If you don’t think you can cancel your subscriptions, here are a few questions to ask:
How often do I use this subscription?
When was the last time I used this subscription?
When is the next time I plan to use this subscription again?
Is the subscription adding value to my life? If so, how?
Is the subscription negatively affecting my budget?
Am I spending more than I earn for these subscriptions?
Can I go without this subscription, or is it mandatory?
If you’re struggling with spending more than you earn and struggling financially, canceling your subscriptions is one of the first places to start.
Audit your checking accounts and credit cards to ensure you don’t miss any charges.
*It’s not a company’s favorite thing to cancel a subscription. So be sure after you cancel your subscriptions, the company is no longer charging you.
Here’s What Cutting 90% Of My Subscriptions Did
I’m saving hundreds each month.
I eliminated bloat from my budget.
I am now able to invest the extra funds I was wasting.
Here’s What I Learned
Cancel subscriptions you think you need, and see if you use them.
Many subscriptions you don’t need even if you think you need them.
Having less bloat in my budget and spending intentionally feels great.
Eliminating the stuff that doesn’t matter leaves more room for the stuff that does matter. It’s easy to allow your money to disseminate to several spending categories, but intentional spending creates more financial opportunities that you’ll enjoy.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.
This content is for informational purposes only — not professional advice. Consult a qualified professional before making any major decisions.