Review Digital Subscriptions and Memberships

Why

It’s easy to sign up for services or trials and forget about them, leading to unnecessary recurring charges. Regularly reviewing your subscriptions helps you identify and cancel those you no longer use, saving money and reducing the number of companies holding your payment information.

Action

• List your known recurring subscriptions (e.g., streaming services, software licenses, gym memberships, subscription boxes).
• Check your bank and credit card statements for any recurring payments you don’t recognize or have forgotten about.
• For each subscription, evaluate if you are still using it and if it provides sufficient value.
• Cancel any subscriptions or memberships that are no longer needed or used.
• Note renewal dates for annual subscriptions to decide whether to renew them in advance.

Remember

Some services make cancellation difficult. Be persistent. Set calendar reminders for trial period endings to avoid being charged.