Cheri Burcham

Extension Educator

University of Illinois Extension          

I read this article written by Illinois Extension Educator Jamie Mahlandt, and I knew I needed to share it with you. Jamie asks: How many subscriptions do you have right now? If you are not sure, it may be time to take a closer look at what you are paying for each month. Subscription services can be convenient, but they can also keep you paying for products or services you no longer need or use if you are not keeping track. Retailers like to pair the word subscribe with the word save to make it seem like you are saving money rather than committing to spend it. Saving money certainly sounds appealing, but if you are not careful, a subscription could end up costing you more than it saves.

Video streaming may be one of the first subscription services that comes to mind, especially given how many options are available. If you want to watch a particular program, it may only be available through a specific streaming service. Before you know it, you may have multiple subscriptions just to watch a favorite show on each provider.

However, streaming services are only the beginning. Memberships are available through gyms, airlines, warehouse clubs, retailers, and many other businesses. Subscription boxes can regularly deliver everything from beauty products and meal kits to toys and activities for children. Music, apps, cloud storage, software, and other digital services can also add recurring charges to your monthly budget.

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