Day 9 of 28 Days Richer
One thing each day that puts money in your pocket and takes 5 minutes or less.
UK households waste an average of £170 per year on subscriptions they don’t use, and for under-25s that jumps to £344 per year.
Nearly half of people have subscriptions they’ve forgotten about, and one in three are overspending on streaming alone.
The Subscription Creep Problem
It sneaks up on you – a free trial here, a monthly fee there, and each one feels small but they add up fast.
Netflix, Spotify, Amazon Prime, gym memberships, app subscriptions, meal kits, magazines…
The average UK household spends £175 per year just on streaming, which is more than the BBC licence fee.
Today’s 5-Minute Action
Print off your last 3 bank statements and just go line by line.
You will be shocked at what you’re paying for – not just subscriptions but in general.
You’ll get a clear list of exactly what you’re paying for.
The Questions to Ask Yourself
For each subscription, ask yourself: when did I last use this?
Would I sign up again today at this price?
Is there a cheaper alternative?
Be honest with yourself – that streaming service you haven’t opened in months should probably go, and you can always sign up again later.
The Easy Wins
Look for overlaps like multiple streaming services with similar content, two different music subscriptions, or a gym membership when you haven’t been in weeks.
Cut one thing today and put that £10 or £15 per month somewhere more useful instead.
Get a 90-day plan to fix your finances here:
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