Tracking your subscriptions each month helps you know where your monthly budget is going
Know what you are paying for
We all know that things can change from one month to the next. This month you may have more time to binge watch your favorite shows via a streaming service, next month my be focused on improving yourself via an online learning subscription. Whatever it is, by tracking your subscriptions you will know what you are paying for and help you to make better use of those monthly services.
Cut the unnecessary
Many times the services you subscribe to are needed for a fixed time. With the trend toward auto-renewing subscriptions many times you continue to pay for services long after you no longer have the need for them. By tracking your subscriptions you are reminded to cancel the services that you no longer have need for.
Budgeting
Most importantly, having a consistent place to look for monthly recurring expenses will help you to better understand your monthly budget. You can use this information to know how much you have left over for other things, or if you need to make cuts to make sure that you have what you need for your monthly necessities.
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