It’s true. I love my subscription services. Pay on a monthly basis for the convenience of never worrying about a bill – what a time saver! But, can it be a money waster? Definitely.
Subscription services are much more popular than ever before. From on-demand movies to pre-made meals, the convenience of these services is incredibly attractive to time-starved individuals. But the accumulation of “small” conveniences can add up to much more than what you’d expect.
As much as I enjoy my Netflix, Sirius Radio and GoodFood deliveries to work each week, I felt like I was losing track of all my ongoing expenses. After completing an audit of my credit card statements, I realized that I was duplicating a lot of my conveniences (why do I need 2 meditation app subscriptions?)
Cancelling a few of the underutilized services felt like a load off my financial shoulders, that I didn’t even know were dragging me down.
I suggest a periodic audit of your own time-saver expenses. You’d be surprised at the money you could be saving. Go that extra step and set up an automatic savings plan for the money that you’ve freed up. You’ve already proved to yourself that you won’t miss it!