Your subscriptions can pile up quickly. You start with one or two and the next thing you know, you’re wondering where all your money went.
If you’re being honest, do you really know what subscriptions you’ve signed up for? Why does it feel so hard to keep track of all of them?
Chances are your subscriptions are sucking your bank account dry. It’s about time you took back the money that’s slipping right through your fingers!
Subscription Management Tools
There are more and more apps being developed to help you manage your subscriptions. Here are some of the key benefits of each app to help you decide which one is right for you.
The Rocket Money app is one of the best ways to track and manage your subscriptions. Not only does the app lay out your subscriptions plainly and all in one place, but they also negotiate for you. Rocket Money has bill negotiation services in the app so that you can find the lowest price possible for your subscriptions.
Hiatus is another great platform to help you manage, view, and cancel your subscriptions. They search for the best deals for your bills and lay them out plainly for you to see.
Trim is another great option for saving you money on your bills and subscriptions. Not only does Trim bargain deals, lay out prices, and organize your subscriptions, but they also have 24/7 text support. If you have any issues, questions, or need help, Trim prioritizes your needs.
Tips & Tricks
On top of using subscription-tracking apps, there are a few tips to help you save money on your subscription journey.
Prioritize the essentials.
If there are certain subscriptions that you know you can’t go without, bite the bullet to pay the full-year version. If you pay for a year upfront rather than on a month-by-month basis, you’re more likely to save money. This also helps you narrow down what subscriptions are more important than others so you can narrow them down.
There’s no need to have multiple subscriptions for the same purpose. Choose one per category if possible. For example, try to narrow it down to your favorite streaming service rather than having multiple.
Don’t forget free trials!
If you sign up for certain subscriptions for the free trial period, make sure you cancel it when the time’s up. These companies bank on the fact that you’re likely to forget about your subscription, so don’t prove them right! If you’re only looking to exploit the free aspects, prioritize canceling it when you need to!
Share streaming services.
Streaming services are some of the best examples of how your subscriptions are sucking your bank account dry. Sharing these streaming services can drastically lower your bills.
Whether it’s with family or friends, each person can pay for a different streaming service a month. Everyone can share the passwords and set up their own profiles. Then everyone gets access to these streaming services while only paying for one each!
Don’t waste your money.
It’s shocking how much money you can spend without even touching your wallet. Although it’s easier to spend money now more than ever, it’s also easiest to save if you have the right tools.
Even though your subscriptions are sucking your bank account dry, there’s still hope for your wallet! Pick a financial platform to help manage your subscriptions, put some of those tips and tricks into practice, and watch what happens next.
You won’t believe how much money you can save!