As the year comes to a close, it’s a perfect time to reflect on our habits, including our online money management. We’ve put together a guide to help you eliminate unnecessary expenses as we bid farewell to the year.
1. Streaming Services
Streaming services like Netflix and Hulu can accumulate costs. Consider exploring free websites that offer movies and shows without a subscription fee.
2. Magazine Subscriptions
Many magazines now offer their articles for free online. Evaluate if paying for a subscription is worth it when there are numerous free articles available on the internet.
3. Unused Gym Memberships
If you rarely visit the gym, consider canceling your membership and opting for pay-as-you-go options. Free workout videos online can also help you stay fit without spending money.
4. Monthly Box Subscriptions
Monthly boxes can lose their appeal over time. Assess if they still bring value or if they’re just accumulating unused items. Cancel subscriptions that no longer spark joy.
5. App Subscriptions
Review your app subscriptions and cancel those that don’t enhance your daily life. Free versions of many apps offer similar features as paid versions.
6. Online Courses
Consider canceling online course subscriptions if you haven’t started or no longer use them. Hands-on experience often beats theoretical learning.
7. Premium Social Media Subscriptions
If you’re not utilizing premium social media features, switch to the free version to save money.
8. Music Streaming Services
Switch from paid music streaming services to free platforms like YouTube if ads don’t bother you. It’s a smart way to cut costs while enjoying your favorite music.
9. Software Subscriptions
Explore free alternatives for software subscriptions that you don’t frequently use.
10. Automatic Renewals
Check all automatic payments to avoid unnecessary charges. Cancel services not needed before they renew automatically.
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David Bakke is a personal finance expert and the published author of the book ‘Don’t Be A Mule.’ Specializing in money management, investing, retirement, income generation, and entrepreneurship, he earned his Bachelor of Arts in Creative Writing from the University of South Florida. David started his own blog, YourFinances101, in 2009. His writing has been featured in Investopedia, Business Insider, US News, and Money Crashers.