This video about the hidden costs of monthly subscription services by the Wall Street Journal just popped up on my YouTube recommended videos list.
This video prompted me to do a self-audit, generating a master list of all my monthly subscriptions and annual fees (excluding things like my electric bill, internet, cell phone, etc.). Seems like a good exercise for most people to try.
- Cocofloss, $7/month for two packs – premium floss that has motivated me to floss every day
- Spotify Family, $15/month – shared with my siblings/spouses-in-law, so the net cost to my immediate family is $6
- New York Times, $4/month – I recently got a 6 month promo rate for digital access, but honestly I rarely have time read the news….I might end up canceling this!
- Netflix, $0/month for now…..using my friend’s account for free! I dogsit for him occasionally, so it’s a good barter system. Even before the rate hike, I was tired of paying each month for this.
- Ring Doorbell 2, $0/month because I refuse to pay for storage when companies like WyzeCam (which we use as a travel baby monitor) offer cloud video storage for free
- Google Drive, $1.99/month for 100GB of additional storage (my S/O works in design and needs a reliable cloud backup service. We all have Pixels, so this is pretty seamless integration) ___________________
- Hyatt Credit Card, $79/year – gets us one free night in a Category 1-4 Hyatt property each year….this is our third year with this card and it easily pays for itself
- Costco membership, $55/year – honestly we might cancel this one — we can get almost everything from Target/Amazon, and we don’t eat that much lol)
- Amazon Prime, $119/year – split between my family. My dad is the primary account holder, and we only pay $30/year
- AAA, $100/year – mostly a peace of mind thing at this point. I’ve needed towing once in the last few years. I don’t know if my spouse has ever utilized their services. Maybe I could use more of their discounts on other services — I heard they do museums?