Now here’s an interesting thing; do we realise just how many subscriptions we have? Many of us pay for a heap of subscriptions; some we’re not even aware of mainly because we forget to cancel at the end of the free trial period which is usually the first month. If you’re like me you’ll have to stop and think about what you subscribe to. I have to do this even though I consciously try to avoid subscribing to things. The fear that monthly deductions from my bank account for subscriptions will follow me to the grave puts me off and makes me cautious. For example I use external hard storage rather than pay monthly fee for more iCloud storage. You hear stories of how hard it can be to cancel a subscription and stop access to your bank account. There’s subscription television, such as Netflix and music, like Spotify and even a subscription to a gym. An easy way to take stock at what subscriptions you actually have is to have a good look at your bank statements. Cancel all those you don’t use or were unaware of. Nina Hendy wrote an excellent article for The Sydney Morning Herald ‘Time to cancel unwanted subscriptions’ Take a read here
http://www.smh.com.au/money/planning/it-s-time-you-cancelled-those-unwanted-subscriptions-20190630-p522v5.html?
This article is full of facts such as new research that examined avoidable costs hitting the hip pocket of Australians found we pour more than $3.9 billion down the drain on paid apps, services and memberships we don’t use. You’re obviously not alone, nearly all of us seem to be wasting money on things we don’t need and don’t use. Best advice is to cancel unwanted and unused subscriptions. Use the money for more important things like paying bills and other debts or put it into additional savings or superannuation. You’re the one that could do with the extra money; not them.
Living well on a shoestring 