Feeling oversubscribed? You are not alone.
Most things these days – food delivery, ride hailing, TV and music streaming, fitness classes, digital storage apps – seem to come with a monthly payment.
Few people have a system to manage the steady stream of autopilot charges on their credit cards or to track price hikes. What’s more, they underestimate how much they spend each month on subscriptions.
But as cost-conscious Americans tighten their belts in an uncertain economy, they are noticing how quickly these monthly charges can add up. Some 6 in 10 U.S. adults are considering breaking up with some of their paid subscriptions, according to a recent CNET survey.
“When people’s budgets are tighter, they start asking themselves: Do I need to be paying over time for this?” asked Marco Bertini, a marketing professor at Esade, a university in Barcelona, who was not affiliated with the CNET survey. “It just feels like a heavier burden.”
