Wondering where all of your money is going each month? Your subscriptions may be bleeding your budget dry. About half of American adults (47%) say they’re looking to make a financial resolution for 2024, according to a December WalletHub survey. And if trimming some subscriptions is one area where you’re looking to cut spending in the new year, then here’s how to decide which ones to keep and which ones to cancel.
Ask yourself this one question: How often do you actually use the service? In other words, are you regularly bingeing shows or watching movies on Netflix
NFLX,
+0.45%,
Hulu or Disney+
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? Do you do all of your grocery shopping at Costco
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? Is Spotify streaming the podcasts and tunes that are the soundtrack to your life? Or are you automatically paying for services month over month that you never log into anymore? “Examine each subscription cost closely and consider whether you are getting your money’s worth from the service,” WalletHub analyst Cassandra Happe told MarketWatch. “If you don’t use the service frequently, put the subscription on hold or cancel it altogether. In most cases, you can restart the subscription later if you need to use the service again.” Here are some more easy ways to save on the subscriptions that you want to keep.
Take advantage of free trials – and canceling and restarting subscriptions as neede …
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Ask yourself this one question: How often do you actually use the service? In other words, are you regularly bingeing shows or watching movies on Netflix
NFLX,
+0.45%,
Hulu or Disney+
DIS,
+0.08%
? Do you do all of your grocery shopping at Costco
COST,
-0.18%
? Is Spotify streaming the podcasts and tunes that are the soundtrack to your life? Or are you automatically paying for services month over month that you never log into anymore? “Examine each subscription cost closely and consider whether you are getting your money’s worth from the service,” WalletHub analyst Cassandra Happe told MarketWatch. “If you don’t use the service frequently, put the subscription on hold or cancel it altogether. In most cases, you can restart the subscription later if you need to use the service again.” Here are some more easy ways to save on the subscriptions that you want to keep.
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