How to Get Out of the Subscription Crunch
How to think about subscription costs now that the holidays are approaching.
One way to get the most out of your budget is to reduce subscription expenses. This is especially important with the holidays almost here. Here are some things to consider when dealing with subscription expenses.
Subscription Needs and Wants
When looking at your subscription costs, you should ask yourself what value they provide.
- Need: Maybe you pay a monthly fee for a budgeting app that truly helps you keep finances in order. That's beneficial.
- Need: Are the subscriptions providing health benefits, like a meditation app or a gym membership?
- Want: Maybe you subscribe to some items that are purely entertainment, which also provide value in their own way.
How to Weigh Needs and Wants
If you come across some subscriptions that you struggle to find the value they provide, that's a sure sign to cut them immediately.
How Autopay Hurts
Subscriptions are great because they come with autopay. You simply set it and forget it. However, autopay is a double-edged sword. It's great that you don't have to think about the payments and therefore are never late. It's not so great that you don't think about the payments and thus pay for subscriptions you don't need or want.
Pay Attention to Your Budget
The best way to avoid paying too much for subscription costs is to actually pay attention to them. Being mindful of the money coming in and going out will help you catch autopayments you may have forgotten about. Here are some ways to help:
- Make a spreadsheet of your monthly subscriptions and their costs.
- Each month, go back to that list and ask yourself if the subscription provides value or has become too expensive.
- Simply being mindful of your subscriptions will go a long way to cutting back on those costs.
Do one thing: Check on your subscription costs now so that they don't get hurt future spending or savings goals.
Originally posted by SavvyMoney Blogs on September 16, 2025, adapted by IAA Credit Union.
