On average, Americans spend $219 per month on subscription services, according to a 2022 study by C+R Research. What’s worse, people guess that number is closer to $86 when asked. We used to only have subscriptions for things like newspapers, magazines, gyms and cable. Now we have streaming services, software, online courses, sports TV, vitamins, razors and more, all of which can erode your budget.
Today, Kiersten and Julien Saunders (@richandregular) are providing tips for auditing and managing subscriptions, lowering and negotiating costs and simplifying it all. “I dare you—cancel something today,” says Kiersten. “Watch how good it feels—I promise you there’s nothing better than knowing that next month they ain’t getting your $4 again.”
Subscriptions can easily overwhelm you, from forgotten costs to companies making it tedious to actually cancel to not really knowing just how much you’re spending overall. As of 2020, Americans have accrued an average of 12 paid digital and entertainment subscriptions, according to Statista—with millennials having an average of 17—all of which may renew on different schedules, making it even harder to keep track. Now, Kiersten and Julien discuss reviewing your subscriptions, avoiding free trials and not overthinking a cancellation.
Mentions:
Rocket Money (previously Truebill)
Order our book Cashing Out: richandregular.com/cashingout.
Rich & REGULAR with Kiersten and Julien Saunders is no longer releasing new episodes on the SUCCESS Podcast Network, but you can still listen to the full conversation below.
