Money-Saving Tip: Review Your Subscriptions

Subscriptions in the digital age are a beautiful thing. It’s so convenient to sign up for them, and even better to enjoy them. From a financial standpoint, however, it’s easy to forget these are charging your account month after month. So this week, I have some subscription pointers for you for the New Year. 

Subscription Boxes

They now make subscription boxes for almost everything. What started out with clothing has now evolved into craft beer and vintage finds. My suggestion is to ask yourself if you’re still truly getting enjoyment and use out of it. Are your kids experiment boxes piled up, for example? Some of these companies will allow you to cancel your subscription if you’re no longer using it, so if that’s the case, be sure you’re not continuing to pay for something you’re not excited to receive monthly.

TV Streaming Services

I have a love/hate relationship with streaming services. It’s so awesome to have a variety of options when my family and I are ready to binge some TV, but I also feel like (especially during the busy sports seasons) when we don’t get to watch much TV, it ends up being expensive without the benefit. One of the best ways to save in this area is, if you’re purchasing streaming from a premium channel for a specific show, buy it while the season is airing and then cancel your subscription.

Audio

Audiobooks and music streaming apps like Spotify and Apple Music are awesome to have, but like TV streaming services, make sure you’re getting the most out of your monthly investment. For example, did you know with Audible if you don’t care for the book you heard, you can return it through Amazon for another credit?

The New Year brings a new opportunity to review your subscriptions and make sure they’re still a great investment for you. Happy New Year!


Kat’s Money Corner is posted in the Kansas City Star every week. Kat Hnatyshyn, when not blogging or caring for her little ones, is a manager with CommunityAmerica Credit Union. For more financial chatter, follow us on Twitter @CommunityAmerCU.

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