10 Tips to Save Money on Subscription Services

Save Money on Subscription ServicesWe recently rounded up several good ways to cut the cord and say goodbye to your cable company forever, and today we thought we’d take a deeper dive by sharing 10 tips to save money on subscription services of all sorts — both the ones you already have and the ones you might be considering cutting.ways to save money on subscription services Readers, we’d love to hear from you — how often do you reassess subscription services? What are your best tips for ways to save money on subscription services? 

First, take stock of the current situation. Take a moment to write down all your current subscriptions, from your gym to Hulu to Hello Fresh — including the ones (like, say, Netflix) that you know you won’t be canceling, and the ones you’ve been meaning to get rid of and keep forgetting about. Check your last month or so of credit card transactions to catch any that you might be forgetting. (Don’t forget to check your Paypal account, and scrutinize charges from regular credit card line items like Amazon and iTunes to make sure you’re not unwittingly subscribing to services.)  Are there yearly subscriptions or paid memberships you’re forgetting about? What is your monthly total for the subscriptions you’ve signed up for, and are there any you’re not even using, or barely using?

If you find yourself unpleasantly surprised (or even shocked) by your list, you can tackle the problem by using these 10 tips to save money on subscription services, now and in the future:

1. If you sign up for free trials for any services, don’t forget why they want your credit card number. As soon as you start a free trial, always immediately mark your calendar with the last possible day to cancel and set up a reminder to alert you a few days ahead of time. That way, you’ll avoid an “Oops, that was a 7-day trial and not a 30-day trial?” situation. After I recently signed up for a free 30-day trial for Showtime through Amazon’s Prime Video Channels, I somehow didn’t cancel after the first month as planned, then ended up paying for one or two months’ worth [affiliate link].

2. Find out if there’s a family plan. Subscription services don’t always go out of their way to publicize the opportunities to share content and benefits with one or more people in your household. Amazon Household allows you to share certain Prime benefits with someone else, for example, and with Family Library, you can also share ebooks, audiobooks, apps, and games [affiliate links]. (Either or both of you can choose not to share your content if you prefer.) Using music streaming services for another example, Spotify Family costs $14.99/month and gives you Premium accounts for you and up to five people in your home (don’t worry, you can keep all your playlists), and for the same price, you can sign up for a family plan with Apple Music or Google Music, as well as share access to apps and music with Apple Family Sharing.

3. Look for cheaper and/or better options first — or even free ones. Some services you may not know about are CBS All Access, Mubi, Tubi TVPlutoTVScribd, the brand-new Walmart eBooks, and Stitcher Premium. Lifehacker has a list of both free and affordable streaming services (all 100% legal). If you’ve never heard of a particular subscription, you may want to google for reviews before committing. Don’t forget about your local library, either — see below!

4. Don’t forget about the library! So many people seem to forget how much money you can save by using the library. (And libraries are just great places anyway!) I borrow books regularly, and we borrow movies on Blu-ray when we can’t find them on streaming. (The DVD bonus features are a … bonus.) I have to say that borrowing ebooks has always seemed more complicated than it should be, however (YMMV). After being turned off by the seemingly complicated process before, I finally tried it recently. After waiting a week or two for my turn (which is another aspect that bugs me — having to wait to borrow non-physical books), I realized I accidentally borrowed … the audiobook version. Sigh. (Kat’s ed. note: I love using the library for Kindle books, movies, audiobooks, and more!)

5. Try to find out about any discounts that come with membership. Besides searching for any discount codes, find out if the professional organizations and other groups you belong to offer reduced rates on subscriptions/memberships, either career-related or not. For example, because I’m a member of the Society of Professional Journalists, I can get discounts on things like LifeLock Identity Protection (umm, remember this, though?), a subscription to AP Stylebook Online, LexisNexis access, and more. Check your alumni association’s membership benefits, too — and even AAA. (Psst: here’s our last discussion on how to find and join great professional organizations!)

6. If you have cable, check out all the potential substitutesI’ve been happily cable-free for a decade, and Kat recently ditched her cable company, too. In our recent post on cutting the cord, we shared many good options. Still, the world of streaming isn’t a panacea; as more companies launch their own services (like Disney’s upcoming offering, rumored to be called “Disney Play”) and remove their content from other streaming services, the “a la carte” cable alternative that we’ve been demanding for years might turn into a “Be careful for what you wish for” situation. If you sign up for enough streaming services, you may find yourself paying even more than you were before.

7. Remind yourself that you don’t need to have every subscription at once. Some people rotate streaming subscriptions, for example; they’ll have Netflix for a while, then Hulu, etc. (Did you know Hulu lets you put your subscription on hold?)

8. If you have Amazon Prime, get familiar with all its benefits, not just the well-known ones. If you have Spotify, for example, check out Amazon Music, which lets you stream two million songs. (The unlimited plan, which for Prime members is discounted to $7.99/month or $79/year, has “tens of millions” of songs.) If you’re paying $9.99/month for Kindle Unlimited, which includes one million books, plus magazines, look at Prime Reading, which lets you download up to 10 titles at a time from 1,000+ books and magazines. I recently signed up for online access to The Washington Post through Amazon Prime for $3.99/month (starting with a six-month free trial) — vs. the newspaper’s own rate, which is $10 every 4 weeks. Audible Channels, which are free for Prime members (normally $60/year), offer commercial-free podcasts and audiobooks, while Prime Photos gives you unlimited photo storage. I recently wrote about the new service Prime Wardrobe — I like the idea, and I’ve used it twice, but readers had mixed reactions. [affiliate links]

9. Figure out if a warehouse club membership is really worth it. If you’re considering joining BJ’s, Costco, or Sam’s Club, this article from Money Crashers (although it’s a few years old) has a thorough list of pros and cons to consider. To help you decide, you can use a one-day guest pass from Sam’s Club or BJ’s. (If you actually buy anything, Sam’s Club charges a 10% service fee. BJ’s charges 20%, but if you join within seven days, that goes toward a membership.) For Costco, which doesn’t offer day passes, you can visit with another member (but not buy anything yourself). Here are a few other helpful articles: Costco vs. Sam’s: A warehouse club showdown (Costco won), The Best and Worst Things You Can Buy at Wholesale Clubs, 18 costly mistakes to avoid making at Sam’s Club or Costco.

10. Look into the apps Truebill and Trim. They sound pretty promising! The writer of this Money article, which explains how they work, says that Truebill, “an app that promises to help users track spending, identify subscriptions they’ve forgotten about, and cancel unwanted ones,” saved her $276, while the writer of this Lifehacker article shares that she prefers Trim for “finding all of your active subscriptions and doing the legwork of cancelling those that you no longer need.”

What are your favorite ways to save money on subscription services? Which are your must-have subscription services that you would never cancel? Have you decided to part with any for budget reasons? Which services have you decided to pay for after the free trial ended (and which didn’t seem worth it)? If you have Amazon Prime, do you use a lot of its perks or mostly have it for Prime Shipping?

Stock photo credit: Deposit Photos / Mactrunk

 Do you keep a handle on how much money you're paying for subscription and membership services? You'd be surprised how quickly those costs add up! We rounded up 10 tips for saving money on subscription services, whether it's the gym, a professional membership organization, Netflix, Hulu, or more:

Comments

  1. I stopped my beeper service because I’ve had a phone since 2011.

  2. Library e-books :

    Libraries only purchase a certain number of licenses for any given book, which is why you sometimes have to wait.

  3. I just dropped Netflix. I realized I could probably do a rotation of the streaming services I use and split the cost over the course of the year. So right now I’m catching up on just Amazon Prime, then I’ll add on HBO, then when I’m over the HBO add-on I’ll cut that and jump to Hulu, and if I time it right I’ll be caught up on Hulu by the time the latest season of Outlander is just about over on Starz so I can binge for a month. And that’ll put me in a great place to catch up on Netflix over the holidays.

    The other big one I suggest is PBS and their passport program. Almost everyone can access some shows on the PBS website or Roku apps. If you donate to PBS, you have free access for a lot longer and their archives. If you are a Masterpiece addict or love their programming and concerts/performances, this is an awesome way to benefit for your good deed and you get free things for a week or so even if you don’t donate.

  4. Our public library offers a number of great freebies. Streaming services include Acorn TV which shows British TV. We’ve binged on a few shows which were enjoyable (A Place to Call Home, Delicious, 800 Words) and Kanopy
    (independent and foreign films as well as documentaries). Freegal allows authorized downloads of MP3s (5 per week), and access to the NY Times online is also available. They even have passes to local museums available for certain days.

  5. THANK YOU. I just used this reminder to look at my subscription services, looked at the cost of the New York Times (15$/month) and the time I have to read it (… 5 mins a day? I like the articles but time vs money was not ok) and messaged their customer service people, who re-set that to 4$/month. THAT, I can do.

    … I also just spent an hour getting new quotes for my car and house insurance and am saving 700$ for the next year, so clearly everyone needs to do that ASAP omg.

    • Squiggles :

      I did something similar with car and house insurance. Was getting a new vehicle and ended up saving money on my house insurance by switching.

      As well, for newspapers: look to see how much a yearly online subscription is as it is generally cheaper than a month-to-month one. Plus, online can be read from any computer/tablet/phone so it is more convenient than the paper.

  6. For library borrowing, try the Libby app! There have been some really great improvements lately so the entire book-borrowing process is must more streamlined. If you don’t have a library card, you’ll need that first, and then log in to things the first time, but it’s pretty easy. I can find a book on Libby while I’m in line at the grocery store and send it to my Kindle so it’s waiting for me when I get home — or start reading the book right on my phone right there! You can also request books (paper or digital) that your library doesn’t have, and you’re usually first on the list if they decide to order it.

  7. i pay for google play music and i have to cancel Skillshare, i signed up for the free trial and set several reminders to cancel it before it ends.i’m also curious about apps, has anyone bought apps and what? was it worth it?

  8. I recently moved all of my subscriptions to my oldest credit card that I’d otherwise never use on recommendation of CFP, genius. I can easily see everything. It took about 2 months to feel complete.
    Also love prime for extra jeopardy clues on Alexa. Who knows why that’s the benefit that pleases me.

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