Have you ever wondered where all your money goes when it feels like you are not spending any? This is likely because you are paying for a service you are not using and are paying fees for things you don’t need. Increasingly, it has become easy to start a free trial and forget about it for a small monthly fee to add up month after month.
According to Switchful, the average American pays $596 a year in junk fees. Not only that, but 42% of Americans are paying for services they don’t use, according to C+R Research. When you add all this together, you can be spending hundreds or even thousands every year for things you don’t want.
One of the dangers of subscription services, cord cutting or not, is how easy it is to sign up for a service and forget about it. Now, Rocket Money, has a service to help find all the services you are subscribed to and easily cancel them. Something that could help save you a lot of money every year.
Rocket Money offers a new service that will scan your bank accounts and look for subscription services you are paying for. After it looks at your accounts, it will list every subscription you are paying for in one spot, helping you find ones you don’t want.
If you see something you are paying for and don’t want, just tell Rocket Monday to cancel it. Rocket Money will do the rest for you.
According to one survey from C+R Research in 2022, 42% of people are paying for a subscription service they are not using. That is a lot of money being spent on things people are not using.
Using Rocket Money could help you find these subscription services and cancel them. Even paying for a $5-a-month service you don’t use can add up to $60 a year. As inflation goes up every dollar saved can help.