Check those subscriptions as you might be paying for a
service you don’t use.
4 in 10 people forget to cancel subscriptions costing British
people £338 million per month.
We’ve all done it, we sign up with the best intentions and
then forget about it. Gym memberships, courses on trial or streaming films.
Like me, you may be tempted by a free trial but find out later that you are
still paying because you forgot to cancel after the free trial ended!
42% of people continue to pay for service they don’t use
A lot of these payments come out by bank direct debit but,
which are easier to check by printing off a list of your bank direct debits or
going into your bank and asking for a list of your bank direct debits (and
standing orders). Direct debit’s and standing orders are easy to cancel at the
bank or on your online apps.
However, a lot of online and American companies take
recurring payments by credit card which are trickier to cancel and more
difficult track unless you religiously check your credit card statement every
month.
In my book, you can
read about the ‘3 R’s of Money Management’, outlined in Part 3 on ‘How to Grow
and Manage Your Money’.
As I’ve said in previous podcasts, making money andkeeping money are two different skills.
To cancel these, you have to contact the company, which can
be difficult if you’ve lost contact details, all the credit card company.
Calling your credit card company, which is a mission in
itself, frequently results in them telling you to contact the company and
asking them to cancel the subscription. Not very helpful.
They are also reluctant to refund money or reverse the
payment when you inform them that it has been taken in error.
That’s why I like using my Monzo Bank card because it alerts me
on my iphone app every time a payment is deducted from my account. Saved me
money recently when click funnels were taking too much money from my account as
they had upgraded me without my permission.
No comments:
Post a Comment