#90 – Cut Down on Subscriptions

Our next financial challenge may be an eye opener to some of you. We have so many conveniences, but with those usually comes a reoccurring subscription. These may not feel too bad when you think of them individually, but they can add up quickly. We have streaming services, Amazon, meal prep, pet treats, YouTube, websites, apps, etc… The list is endless for what is available to us today.

This week our challenges stack on top of each other so start with easy and work your way to hard.

Easy: Go through your bank accounts and credit card statements for the past 6 months or year (since some are yearly) and just write down a list of those subscriptions. That’s it. Just write down the list and how much each one is. If you want to be shocked…add them up.

Medium: Go through the list you just made and flag the ones you don’t really use. Plus I want you to number them from 1 to ? with 1 being must have, use all the time.

Hard: Now it’s time to get real with yourself. Look at your budget and come up with realistic number you can afford. Start at the top of your list and check mark until you run out of budget money. Your challenge is to cancel anything that isn’t checked.

Want more of a challenge: Go through your checked items. Is there anything that you really don’t need. You can save that money for a vacation or something else you have been saving for.