An extra $100 a month sure does sound good, doesn’t it?
In a year, that equates to an extra $1,200 saved! Compound that savings year-over-year and you’ve got yourself a nice cash pile starting to build up. The best part is, you can make this happen without having to get a part-time job.
$100+ Saved Is a Few Clicks Away
By unsubscribing from unnecessary monthly subscriptions that you don’t need … or worse, that you don’t even use, you can save over $100 every month! Monthly subscriptions seem like small amounts of money, especially when you’re only paying $5 to $20 a month per subscription (iTunes, Netflix, gym membership). But, let’s see how small of a price those subscription are really costing you.
Do this exercise to get a better view of your small expenses: try listing them all out on a scoreboard.
As you tally up the services, you’ll quickly notice that you’ve been paying way too much for things that you don’t need.
The Average American
The average American is a natural consumer of products and services. It’s how we were raised and even given praise for when we’d purchase high-priced items. Banks coax our indulgent spending habits by offering airline miles, cash back rewards, and more.
Here’s an example of how an average American’s subscription services rack up:
|Subscription Service||Monthly Fee|
|Commercial gym + year gym maintenance fee||$19.99 + maintenance yearly fee ($40)|
|Total||$95 plus tax|
…and that’s without cable which despite having subscribed to streaming services, some people still have.
Most Americans have memberships to places like Costco or Amazon.com which I have elected to leave off of the table above because those are places where you benefit financially while paying for necessities.
But Connor, I Need to Go to the Gym
I hear you.
Exercise is SO important for maintaining both mental and physical health, but there are other options besides the gym where you can break a sweat. Go for a walk, jog, or run around the neighborhood.
Does the area you live in have a community gym? I bet it has a pool, too. There are also many public parks that have calisthenics equipment built into the grounds. Challenge yourself to think creatively and you will find a new way to exercise, for free!
Unsubscribe to Save
By simply unsubscribing to services that you don’t need, you’ll find yourself with an extra $100+ a month saved. You can use that money to pay down debt, grow an emergency fund, or invest in your retirement.
All of these options are scenarios where your hard-earned money is better spent to serve you. Having unsubscribed from Netflix and a gym membership myself, I can confidently say that after a short adjustment period, I don’t miss them.
When you’re living a frugal lifestyle, you realize where your hard-earned dollars are going. You pinpoint what it is exactly what you’re consuming, and you begin to ask yourself:
Is this product or service serving me for the better?
Is it worth it to purchase this as opposed to investing it in my future?
Saving $100+ a month can be easy if you ask yourself these two questions. The choice to unsubscribe to save $$$ is up to you.