Forgotten subscriptions could be costing you a lot of money on services and things you’re not using anymore.
I was looking through a credit card statement recently and I saw an insurance plan that I bought for an old cell phone that I didn’t even own anymore. That was $8.99 a month so I cancelled it. And my husband had a Game Fly video game membership that he hadn’t used in close to a year. Another $17.99 a month, so that went away too.
Those little amounts can really add up, in fact a new study found that on average, consumers actually spend about $133 more than they thought they did on monthly subscriptions. According to C+R Research, "consumers underestimated their monthly spend on subscriptions by $133," and 74% said they had a hard time remembering what recurring payments they had.
The subscriptions consumers forget about most frequently are mobile phone subscriptions, with internet subscriptions coming in second..
So, it’s a good idea to write these things down and see if there are some subscriptions that you’re not using anymore. Taking that time could save you some money!
Source: Business Insider
Photo: Getty Images