Unnecessary subscriptions you need to cancel before 2022

0

fizkes / Getty Images / iStockphoto

Subscriptions are easier to purchase than ever these days, thanks to smartphones and attractive introductory offers. However, once the honeymoon period is over, the costs can become surprisingly high. If one of your goals is to align your finances, you can start by waiving the monthly or annual subscription fees.

Related: Which Streaming Services Are Giving You the Most For Your Money?
Find out: is a Netflix subscription worth the cost?

Keep subscriptions that keep you safe, such as home security and anti-virus software, but everything else should be categorized into “want” or “need” piles. Remember that everyone’s priorities are different. The gym rat can’t live without their fitness membership, but might skip the meal delivery service. The news addict may not be able to give up their newspaper subscription, but could live without Spotify.

Here are a few subscriptions you should consider opting out of to save more money.

Last updated: October 15, 2021

LPETTET / Getty Images

LPETTET / Getty Images

Video streaming services

According to Deloitte’s Digital Media Trends Survey, 80% of US households had at least one streaming service in 2020. Among those who subscribed, the average number of paid streaming video subscriptions was of five. This reflects the height of the COVID-19 pandemic when everyone was stuck at home. As more and more activities open up, it is time to reduce the number of services.

Depending on which pricing plan you’re on, the top five video streaming subscription services (Disney +, HBO Max, Netflix, Hulu, and Amazon Prime) each cost between $ 6 and $ 13 per month, plus tax. Unsubscribing from just one of them would save you at least $ 72 per year at the lowest.

See: People Spent A Lot For These Streaming Services In 2020 – Here’s What They Watched

Luza Studios / Getty Images

Luza Studios / Getty Images

Games and music services

Apple Music and Spotify both have individual plans for $ 10 per month (lower rates for students and higher rates for families). If you can sit through the ads, you can save $ 120 per year by going for the free version of Spotify.

When it comes to games, spring is here, and maybe it’s time to turn off the devices and get out there. Dropping your basic Xbox Game Pass or PlayStation Now subscription could save you an additional $ 10-20 per month.

Find Out: Eliminating These 25 Expenses Will Save You $ 16,142.08 Per Year

iStock.com

iStock.com

Subscription boxes

Fans tout the convenience and the surprise factor, but is your beauty box or your monthly clothing box a want or a need? Accessibility and replenishment (like the Dollar Shave Club) are compelling reasons to maintain a membership, but if you subscribe because you’re thrilled to receive a gift you bought for yourself, cancel the box and surprise. you rather with $ 150. $ 300 in your pocket in a year.

Take a look: Netflix’s most expensive productions ever

Shutterstock.com

Shutterstock.com

Dating apps

On the first Sunday in January, dating apps see a spike in registrations, as users join in a bid to find new connections for the year.

If you’ve found your soul mate, cancel this membership! Otherwise, you can still save money by adjusting your subscription level or reducing the number of services you pay for.

For example, switching from Tinder Platinum to Tinder Gold could save you between $ 3 and $ 25 per month. The popular Match, Tinder, and Bumble plans cost anywhere from $ 10 to $ 25 (and up to $ 40) per month, so by dropping one you could see savings of at least $ 120 per year.

Read: 20 worst money mistakes people make in the name of love

Prostock-studio / Shutterstock.com

Prostock-studio / Shutterstock.com

Gyms and fitness

RunRepeat surveyed over 11,000 gym members around the world and found that nearly 30% of those surveyed canceled their gym memberships during the pandemic. Before gym closings, about 22% of gym members who sign up stop signing up six months later.

A gym membership can range from $ 10 per month for a basic Planet Fitness membership to $ 100 (or more) per month for a high-end fitness center. If you work out regularly, keep your membership to maintain your fitness goals. Otherwise, it’s time to reassess.

During the pandemic, did you subscribe to a bunch of fitness apps that you only use sparingly? Start trimming. Popular downloads like Map My Fitness, Nike Training Club, and Couch to 5K have free options that might meet your needs, and you can keep the $ 7 per month (or more) in your wallet.

Find Out: Are These Best Fitness and Food Tracking Apps Worth the Cost?

hobo_018 / Getty Images

hobo_018 / Getty Images

Marketing emails

Remember when you bought a Hot Topic t-shirt for your niece? Are you now receiving Hot Topic emails every week? It’s time to unsubscribe from emails you don’t need.

While you’re at it, remove yourself from the mailing lists of the stores you buy from. The Federal Trade Commission requires that marketing emails include an unsubscribe link (usually at the bottom, in a small font).

Removing clutter from your inbox can reduce the risk of unexpected expenses. If you really need something from your favorite store, head straight to the website. Most of the time, you will see the same offers that were promoted via email.

PixieMe / Shutterstock.com

PixieMe / Shutterstock.com

Make sure you’re saving with Subscribe & Save

Amazon’s Subscribe & Save program (and others like it) can save you between 5-15% on purchases you make regularly, like vitamins or batteries, but be sure to save. money. In some cases, a brand will entice you to subscribe with a big discount on your first order and come back at a higher price the following month. Or the price of your subscribed item changes and you don’t realize it.

Review your subscriptions to make sure the offer is still valid or consider changing the frequency every two months to save money while maintaining convenience.

Check Out: 23 Secret Ways To Save Money On Amazon

nesharm / Getty Images / iStockphoto

nesharm / Getty Images / iStockphoto

Meal Kits

Meal kit delivery services like Blue Apron or Hello Fresh can be a lifeline for busy couples or families, but can they survive an economical spring cleaning?

Blue Apron starts at $ 40 per week for a two-recipe plan for two people, going up to $ 120 per week for four recipes for a family of four (plus shipping). Do a simple web search and you will find that there are cheaper ways to feed your household.

You can also reduce the frequency from weekly to bi-weekly or search for introductory discounts or coupons for other services looking for new subscribers. At a minimum, you’ll save yourself the cost of a handful of meals.

See: 31 Dumb Things That Keep You From Getting Rich

pinkomelet / Shutterstock.com

pinkomelet / Shutterstock.com

Magazines and newspapers

It hurts this reporter to say this, but count your digital and print magazine or newspaper subscriptions and decide if you need them all.

The delivery of a daily New York Times newspaper (or your hometown newspaper) can range from $ 480 to $ 1,000 per year. Transitioning to a digital-only subscription can save you over $ 500 per year.

Tip: Contact customer service to cancel your subscription. Chances are you will be offered a lower price for a few months to entice you to stay. You’ll have to start the process again later, but you’ll save a few bucks in the meantime.

More: The Classic Drawbacks Behind These Scams In The Digital Age

pixdeluxe / Getty Images

pixdeluxe / Getty Images

All applications

In 2020, Apple generated $ 643 billion in iOS subscription app revenue, and Google generated $ 38.6 billion in Google Play subscription app revenue. Between the two platforms, over 3 million different apps are available for download.

While we’ve visited a few of the more popular genres throughout this slideshow, everyone has different tastes. It will be up to you to prioritize which ones to keep and which ones you can cancel.

To manage your subscriptions on your iPhone, go to settings, then tap your name, then subscriptions. On Android, open the Google Play Store, tap menu, then subscriptions.

More from GOBankingTaux

Sam DiSalvo contributed to the writing of this article.

This article originally appeared on GOBankingRates.com: Unnecessary Subscriptions You Must Cancel Before 2022

Leave A Reply

Your email address will not be published.