How to take care of your budget when handling monthly or periodical subscriptions

From Netflix to Spotify to maybe even a newspaper, we pay monthly subscriptions for many of the goods and services we use on a daily basis. But could you be throwing money away? Finance expert Clark Howard says that automatic subscription payments will put a dent in your pocket if you’re not careful.

“Many of us suffer for $ 10 less in our wallet,” he says. “Do you know where that $ 10 is? They are in the monthly subscriptions in which we are registered; one here, one there and everywhere. They are called the $ 10 because slowly it is the amount that they take from our portfolio ”. Think about this for a moment: removing a single monthly bill for a $ 10 service from your budget could save you $ 120 a year. In this article, we’ll go over some ways to manage your subscriptions, so you can save money.

How to manage your subscriptions and save money

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Even if you don’t use a service for a while, the provider will always continue to charge you. But I was recently pleasantly surprised when a company (flight ticket discount site Secret Flying) canceled a subscription that I no longer used. Because I have not used the service in many months, Secret Flying sent me a notification advising me that my automatic payments had been canceled.

It is certainly the exception to the rule. Most companies will continue to charge money, even if you haven’t used their services in months. For that reason, it is important to take an inventory regularly. Here are four steps Clark wants you to take so that you can regain control of your subscriptions.

Clark Howard’s Classic Methods for Managing Monthly Subscriptions

Monthly subscription bills and other expenses
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  1. Print your card statement
  2. Review article by article
  3. Identify your subscriptions and how much they cost
  4. Cancel those that you no longer use or feel that they are not worth the cost

“When you see those monthly subscriptions, you think about it: Do I use it? Am I going there? ”Says Clark. “If it is no longer valuable to you, cancel that subscription!

How to manage subscriptions from your phone

If you have a smartphone, it’s easy to manage your monthly app subscriptions. We will show you how to do it on an iPhone and Android.

How to manage subscriptions on an iPhone

A woman checking monthly subscriptions on her cell phone
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If you have an iPhone or any other iOS device, you can manage your subscriptions through the App Store. Once there, click on your Apple ID and the settings screen will appear. About halfway through, “Subscriptions” should appear. Log in and you can easily delete subscriptions that you no longer want.

How to manage subscriptions on an Android phone

On an Android phone, go to the Google Playstore application and then the menu in the upper left corner. “Subscriptions” will appear, where you can cancel the ones you no longer want.

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