Subscription services can be convenient and necessary, but they tend to pile up if you’re not careful. Get enough of them leaching money from your bank account each month, and they can give your finances a serious pounding. Which makes whittling down your subscriptions one of the best ways to save money each month. Here are some of the subscription services you might be able to cut down on, or even get rid of altogether.
1. Amazon Subscribe & Save
Convenience is what drives the appeal of Amazon’s Subscribe & Save feature. For basic household necessities like paper towels, tissues, toilet paper, and diapers, all you have to do is set your subscriptions and forget about them, and never run out of a basic necessity again.
Unfortunately, there’s a potentially huge downside to Subscribe & Save: price hikes. As The New York Times has reported, Subscribe & Save is unlike other subscription services in that the price you pay for items can fluctuate, sometimes increasing by a large margin.
Subscribe & Save can be a fantastic way to save money, but only if you keep a close eye on your subscriptions each month. The best way to do it is to subscribe to the items you know you’ll need in the next month, then unsubscribe from each one once the shipment arrives. That way, you can keep tabs on what items you actually need each month without worrying about massive price increases. No reason to pay for something you don’t need, especially if you’ll be paying too much for it.