Subscription Services
Many of us are spending a lot of isolation time abusing our Netflix, Hulu and Disney+ subscriptions, especially since they’re much cheaper than cable TV packages, but let me tell you a little secret: subscription services are also abusing your bank account. That’s because you’re being automatically billed for some services that you are not really using or even need.
“Take inventory of any subscription services such as streaming music, subscribe and save items on Amazon or other monthly subscription boxes,” said Regina Conway, consumer expert at Slickdeals.net. “Right now is not the time to have a ‘set it and forget it’ mentality.”
“Look through them with a critical eye to determine what you can live without right now,” Tayne recommended. “The savings will add up quickly.”
Bank Fees
To maintain a checking or savings account, you need to comply with certain requirements, otherwise, you need to pay $12 or more per month to the bank. Luckily, you can have most of it for free from online banks. “Assess your account fees immediately,” Conway said. “In better times, we often put off evaluating where we might be incurring hidden costs. Switch your banking to free accounts.”
