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