PennyGem’s Elizabeth Keatinge tells us what to do if you are feeling overwhelmed by how many subscription services you have.
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00:00 So many streaming services. A study by financial services company UBS says consumers can waste
00:07 hundreds of dollars a year on products or services they're barely using. As Vox reports,
00:15 some subscription services have become so integral to our lives we almost consider them
00:21 utilities. Hello Amazon Prime and Netflix. And subscription services are growing. Shave
00:27 clubs, cloud gaming and fitness fulfill different needs. Deloitte's 2021 digital media trends
00:33 survey showed more than half of the 2009 respondents expressed frustration towards subscribing
00:39 to multiple services to access the content they want. What to do? Cut them all out. Inspired
00:46 budget founder Alison Baggerly tells NerdWallet that a subscription detox is in order. That
00:52 means eliminating every subscription from your budget and determining what you truly
00:57 miss and add those back in. Oh, and note which ones auto renew so you can check if you need
01:04 to cancel before that date.
01:05 (upbeat music)