Americans are buying more and more subscription services every year, but this could also be harming their budgets every month
Share to linkedin
According to the study data, which was compiled after questioning 2,500 Americans about their spending habits, 84 percent of respondents underestimated how much they actually spend on subscriptions each month. Out of those, 23 percent of respondents underestimated what they spent on subscriptions by $25 to $99 and another 27 percent underestimated subscription spending by $100 to $199.
“Clearly, most Americans are unaware of how much they spend on subscription services,” they write. “When pressed for a quick answer, they dramatically underestimate the amount. This is a boon for companies operating subscription models… and a bust for advocates of conscientious budgeting.” If you don’t want to use an app or a third party, you can also take stock of your subscriptions on your own. All you have to do is break out your last six months of bank statements and credit card bills, then look them over for subscriptions you’ve paid for. From there, you can figure out which ones to keep and which ones to cut, then call each company you plan to nix from your budget or cancel them online.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The Most Common Resistance Band Mistakes, According to a Personal TrainerThere are five very common resistance band mistakes people make, from poor form to overstretching bands to even purchasing the wrong brands.
Weiterlesen »
17 People Who Made The Mistake Of Thinking 'What Could Go Wrong?'These people right before these photos: 'What could go wrong?'
Weiterlesen »
Opinion | The common mistake we make with the flu — and how we can fix itOpinion | Vin Gupta: 'We're at risk for an epidemic of underdiagnosed influenza in which people don't receive potentially helpful treatment or take proper precautions.' - NBCNewsTHINK
Weiterlesen »
Housing is at the root of many of the rich world’s problemsSince the second world war, governments across the rich world have made three big mistakes, says Callum Williams
Weiterlesen »
Tips For Running A Successful Subscription BusinessThe subscription business model has grown in tremendous ways in the past decade. Even brick-and-mortar stores are finding creative ways to offer subscription packages, such as hair salons that offer blowout subscriptions. Let's look at tips on how to run a successful subscription business.
Weiterlesen »
3 Things We Can Learn From Women Who Orgasm Every TimeSexually satisfied ladies have a few things in common, researchers say.
Weiterlesen »