STEPS TO SAVING MONEY WITH CANCELED SUBSCRIPTIONS
How many subscritpions do you have? Are you aware of how much you are spending?
This is helpful checklist to get your spending in check on a monthly basis.
Step 1 - Review your bank account or credit card statements for automatic charges.
Step 2 - Use the chart (CLICK HERE to download your copy) and make additional subscription charges
Subscription | Type | Sample Cost | Actual Cost | Useage |
Amazon Music | Music | $19.99 | Daily | |
Amazon Prime | Shopping, shopping and video | $14.99 | Once a month | |
Apple Fitness+ | Music | $19.99 | Daily | |
Apple Music | Music | $10.99 | Weekly | |
BET+ | Streaming Premium Network | $9.99 | Bi-weekly | |
BJ's Warehouse | Warehouse, gas discounts | YEARLY | Daily | |
Cinemax | Streaming Premium Network | $9.99 | Once a month | |
Comcast | Cable | VARIES | Daily | |
Costco | Warehouse, gas discounts | YEARLY | Weekly | |
Disney+ | Streaming Premium Network | $9.99 | Bi-weekly | |
ESPN | Streaming Premium Network | $9.99 | Daily | |
HBO Max | Streaming Premium Network | $14.99 | Once a month | |
Hulu | Streaming Network | $14.99 | Daily | |
Kindle Unlimited | Books | $9.99 | Weekly | |
Netflix | Streaming Network | $18.99 | Bi-weekly | |
Pandora | Music | $19.99 | Daily | |
Peacock | Streaming Premium Network | $9.99 | Once a month | |
Sam's Club | Warehouse, gas discounts | YEARLY | Daily | |
Showtime | Streaming Premium Network | $9.99 | Weekly | |
Spotify | Music | $14.99 | Bi-weekly | |
Verizon | Cable | VARIES | Bi-weekly | |
Total of Monthly Subscription Fees | $219.84 |
Step 3 - Add up all the cost of your subscription charges
Step 4 - Put an X next to the subscriptions that you do not use or want anymore (If you do not use the subscription service at least twice a week, then you should consider canceling the service)
Step 5 - Cancel the service. Depending on when your billing cycle ends, you may have to pay for the service for one additional month
Step 6 - Add up the canceled subscription amounts and setup an automatic draft for that amount
Step 7 - Now, you have new additional savings for unexpected expenses
Tips:
-
Apple users make sure you check your subscriptions that are automatically billed
-
Hulu allows you to pause your billing for up to 12 weeks without canceling your account
-
Hulu check your premium channel add ons
-
Amazon Prime check your premium channel add ons