It seems like there's a subscription service for everything these days — from meal kits to streaming TV, beauty products and even sock of the month clubs! On their own, most subscriptions range from $7 to $25 per month. But if you sign up for multiple services, your monthly expenses could add up quickly.
Try some of these tips to help you manage your subscriptions and stay on top of your budget:
Simplify your subscriptions
It can be difficult to keep track of multiple subscriptions, especially when they're billed on different days. To simplify things, consider syncing your payment schedules so all your subscriptions are billed at the same time.
Another idea is to put all your monthly subscriptions on a dedicated credit card. This will make it easy to see the charges in one place.
Set reminders for free trials
Many services offer free trials that turn into a paid subscription if you don't cancel by a certain date. Be sure to set a reminder in your calendar to cancel the subscription if you don't want your card to be charged.
Cutting back on unnecessary subscriptions is an easy way to save more money. Make time each month to review all the subscriptions you have and decide if you still need them.
To determine if you should keep or cancel a subscription, ask yourself these questions: