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So we reduced our subscriptions and saved 175 euros per month

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So we reduced our subscriptions and saved 175 euros per month

For a long time, our author didn’t notice how much money his family was spending on app subscriptions. Cork Gaines/Business Insider

Despite a thriving US economy, many Americans feel that they are worse off than they really are.

For my family, this change in perception can be attributed to the increase in our monthly app subscriptions.

We came up with a plan to get our subscriptions under control and save hundreds of dollars.

This is a machine translation of an article from our US colleagues at Business Insider. It was automatically translated and checked by a real editor.

There are several reasons that suggest that the US economy is thrivingyet many Americans feel that they things are going much worse than in reality.

Until recently, my family of four also shared this uneasy feeling, despite good signals. Then we sat down, got a better perspective on our budget, and realized how much our household economics had changed in 15 years. In particular, we noticed the seemingly endless amount of monthly app subscriptions, which didn’t exist in the 2000s.

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Do you really need all of these subscriptions?

We had everything from a grocery delivery app to a habit tracker app. As a family, we had about 20 subscription apps and streaming services that made it easy to lose track of how much we were spending each month.

But we are not alone. A 2022 study showed that consumers increased the cost of App-Subscriptions underestimated by 133 US dollars (around 123 euros) per month.

Our subscriptions needed an intervention. Here are the six steps we used to get out of subscription hell and reduce our spending by about $190 per month.

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This is how you get your subscriptions under control:

YNAB

1. You should keep an eye on everything

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Peloton

2. Categorize all your subscriptions

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HBO Max

3. Avoid annual subscriptions if possible

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Disney+

4. Avoid combination offers

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Cork Gaines

5. Always cancel your subscriptions immediately, even if you want to keep them.

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See also  So we reduced our subscriptions and saved 175 euros per month

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Cork Gaines

6. Don’t assume that the “deal” you are offered is the best there is

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