The Cost Of Subscriptions

Frustrated with amounts of money leaving my bank account each month, I’ve set myself to get rid of each and every subscription. You might roll your eyes, because it is obvious to you, but bare with me here. Why ditch subscriptions? In my opinion, it’s the easiest thing to give up to reduce spending. But wait! $10 bucks doesn’t look like a huge load of money! True, you’re unlikely to notice it looking at the monthly expenses. But they do add up over time. Netflix currently costs $15.49, let’s round that up to $20. So, our monthly expense is $20, if we take that money and deposit it somewhere for 10 years for a high yield (13%), in 10 years we’ll get the same amount of money we deposited on top of it, about $5,000 total. Plug the numbers in and see for yourself: https://www.nerdwallet.com/calculator/compound-interest-calculator Luckily, subscriptions aren’t addictions. Sort of.