To Subscribe or Save?08/01/2022
There's not much you can't find a subscription for these days. Whether it's your favorite streaming service, food, clothes or pet supplies, there's something for everyone. This can be useful and sometimes fun, but it's also easy to forget how many services you've actually signed up for.
Subscriptions can quickly take up a considerable chunk of your budget each month. Here's how you can save while still enjoying your services.
Cancel What You Can
Make a list of all the subscriptions you have and note what could be canceled. Some subscription services will allow you to skip 1 to 3 months at a time, taking a break in service and giving your bank account a rest. This is especially useful for streaming services when a show you binge won't be releasing the next season just yet. You may also have subscriptions to services you no longer use, or free trials you had forgotten to cancel.
Centralize Subscription Payments
Having a credit card specifically for your subscriptions is an effortless way to see what you're paying for at a glance on one statement. You can check regularly as you pay your bill and determine a budget if you feel you are spending too much.
Pay in Full
This may not be for everyone, but if you know you will not cancel, investigate if it may be cheaper to pay up front for the year. Many services will offer a discount for paying ahead. This is not a good idea, however, if you may cancel or pause services throughout the year because you may not be able to get a refund. Be sure to keep in mind how often you use a service before paying ahead.
Keep it Simple
Do you have premium streaming? None of us enjoy commercials, but this is an easy way for subscription services to get an extra $5 or $10 from you. If you're spending the extra for commercial-free on multiple streaming services, consider using that time for a simple chore or exercise instead.
Also consider if you're spending an extra $5 a month for 4K or multiple devices. If you're single, you're likely only using one TV at a time or have a favorite. Consider only have the higher quality unit on that one, leaving a standard plan still looking pretty good on the others.
When it comes to subscription boxes, look at what you're getting in each box. Sometimes you're paying for premium level boxes, but the additional items may not be worth the cost, or you may be receiving items that you won't even use.
Find Ways to Save
Many cellular and internet providers are offering bundles to wrap in multiple subscription services. You may be able to spend a few extra dollars on an internet plan to save more on a subscription service, so it may be worth your extra time to do a little math to figure out the best deal. Employers and credit card companies also sometimes offer discounts or benefits for certain subscriptions, so keep an eye out for these and other ways to save.
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