It’s natural that in the wake of Covid-19, we’ve all become a little more suss about where our money is going – and that’s a good thing. When you’ve got a better sense of where your money is actually going and at what rate, it makes it way easier to budget and recognise when you might have that little extra to play with. We’re not saying you should throw away anything that may be beneficial to you, but giving your list of subscriptions a bit of a Marie Kondo treatment could save you heaps each month, even if you feel like you’re copping a bargain on an $8/m fee. We know it might be a dream-haunting task, but please, schedule in regular check-ups with your bank statement. Whether it’s fortnightly or monthly, you’ll be able to visualise where all of those random and not-so-random direct debits are going.
Between gym memberships, streaming subscriptions, your phone bill and more, you’ll probably recognise that a good chunk of your paycheck is being spent on things you didn’t even hit the ‘pay now’ button for. So, do some hard thinking and really assess what you do and don’t need.
Instead of forking out $4.99 a month for extra cloud storage, take the time to delete a few videos or, switch to a basic membership on your favourite streaming service and cut off others from logging in on their devices. If you’re absolutely hell-bent on keeping your Creative Cloud subscription in the hopes of becoming a graphic design master or just want to stay organised, create a separate account for your direct debit payments and divide these costs by four, so debits come out in instalments rather than bigger hits.
Companies make it so simple to sign up for their services nowadays, and it’s even easier to forget you’re still signed up – but getting on top of these payments is a real power move.