Homework:

• Download your tracker here
• Identify all your subscriptions and memberships
  • Download/print out the last 3 statements from every account you spend money from
  • List out
    • Name of expense
    • Cost
    • Frequency- how many times a year are you paying for it (monthly: 12, quarterly: 4, annually: 1)
  • List out any annual expenses you can remember off the top of your head
    • Costco/ Sam’s Club membership
    • Amazon Prime
    • AAA
    • Newspaper/ Magazine subscriptions
    • Museum/ zoo membership
  •  Calculate out the annual cost for each expense
    • multiply the cost by the frequency
• Evaluate your subscriptions and memberships
  • Cancel any subscriptions you forgot you were paying for
  • Cancel any subscriptions you aren’t using
  • Downgrade tiers on any subscriptions you use less frequently
  • Gut check: look at the annual cost of each subscription. If you’re shocked at how much you’re spending on a subscription that’s a good indicator that you don’t value it at that price point- downgrade it or cancel it and see if you miss it
  • Extra credit: try pausing or canceling a subscription you’re waffling on. See if you miss it! You can always sign back up.