Can rocket money save you as much as possible for subscriptions?

Like many costs these days, streaming costs are increasing. Netflix recently announced a Prices This, like someone who has not yet watched Squid Game Seasons 2, have no choice but to roll. But the last thing I want to do is lose money from subscriptions I don’t even use.

In a CNET studyAlmost half (48%) of the respondents said they had forgotten to cancel a subscription, as a streaming service, fitness room membership or grocery. As a result, they pay an average of $ 91 a month for things they don’t need or want.

Fortunately, a budget application Rocket money It can help you find unwanted subscriptions and cancel them for you. I tested it and how much it saved me, it blown up my mind.

9.4

Rocket money

As

• Accessible
• Easy to use
• Savings
• Credit rating and tracking net value
• Negotiation and Cancellation Services

I don’t like it

• The free version is limited
• No features to plan a debt playoff
• No investment instruments
• Negotiation fees

How did you save me the $ 400 rocket money in 15 minutes

Rocket’s money is Budget This monitors your revenue and expenses, helps you to set the goals of savings and tracks all your subscriptions in one place, whether you use the free or paid version. This is my choice for The best mint replacement application and recently won CNET Editors’ Selection AwardS The paid version of Rocket Money – which costs $ 6 to $ 12 a month – can also find and cancel some subscriptions for you.

You can try this service by targeting the repetition tab in the application menu. You will see subscriptions that come in the next seven days, such as those who come out later and how much you spend on these subscriptions in a year.

The first thing I noticed was that my subscription to HGTV magazine, which cost $ 50 in a year, was for a four -day renewal. Given the huge pile of back problems I have accumulated, but I have not yet read, the cancellation of this subscription was not a brainchild.

Rocket Money gave me two options: the app can cancel this subscription for me, or I could call the number they provided to cancel it myself.

I chose to make them do it for me. The app asked for some basic information – including my name, billing address and the reason why I want to cancel – and then confirmed that they were working on it.

The process was quite painless, but I have a complaint. I did not know, after applying for cancellation that it could take two to seven days for rocket money to complete the cancellation – I learned from the confirmation of the pop -up window that I received after submission. Fortunately, I was able to respond quickly to an email confirmation that sent me and received an answer within minutes of a customer support representative, who said it would speed up my cancellation. The next business day my subscription was canceled.

I was hooked. What else did I spend money on without realizing it? I looked at my other subscriptions and identified a handful I didn’t need anymore:

• HP Immediate Ink: $ 4,34 per month (for a printer I don’t even have anymore)
• New York Times Digital: $ 4 per month (the number of free articles I get is usually enough for me)
• Wallstreet Journal: $ 4 per month (the same as above)
• Pandora: $ 10 per month (recent switch to Amazon Prime Unlimited made this service unnecessary)
• Spotify: $ 10 per month (the same as above)

I will admit that I barely noticed these small sums when they hit my bank account every month. I group them under “different” in my budget and I never thought of them, as this category tends to remain within my cost goals. But when we look at them all the grouped together, it was easy to see how fast they could drain my budget.

As I canceled these subscriptions, I saved myself $ 32.32 a month to move on, for total annual savings of $ 387.84. Add this to the savings of my subscription to HGTV magazine and this is an additional $ 437.81 in my pocket a year.

The good thing is that, although I installed the app a few months ago, Rocket Money downloaded in subscriptions for years, which allowed me to capture those that came, although I had not paid for them after installing the application.

In total, I reviewed my subscriptions and the rocket money canceled six of them took me about 15 minutes. It’s not a bad idea to get over $ 400 savings.

Do rocket money cancel subscriptions free of charge?

The free version of Rocket Money shows you only your subscriptions – it won’t cancel them for you. To access this service, you will have to pay $ 6 to $ 12 a month for the paid version. You choose your amount and will enjoy the same features as you pay.

Since I already have Rocket Premium, it was not a problem for me. But if you do not want to pay extra for the convenience of having Rocket to cancel your subscriptions for you, you can just as easily use the free version to identify your subscriptions and then cancel them yourself.

You can also try to use the missiles Bill Negotiation ServiceWhich can help you reduce your monthly expenses, but you will pay 30% to 60% of your first year’s savings if it is able to save you money.

Other ways to avoid the exaltation of subscriptions

I used rocket money to cut off my subscription costs because this is the budget application, which I use and I would soon save a few minutes, especially if it doesn’t cost me anything extra. But you can cancel your subscriptions yourself if you don’t mind calling a customer service line or logging in to your online account.

These tips can also help you maximize your savings:

• Pay attention to your renewal dates. Each time you register for a new service, pay attention when this is due to renewal. Then set a reminder on your calendar for the week before you can decide if it is worth renewing and canceling if not. If you sign up for a free trial, Use a virtual card To make a whiff of canceling.
• View your budget regularly. Passing through your budget Weekly can help you notice a subscription fees that have already hit your account and cancel them before they cost you more. But not only take a final look – look at every transaction, even the secondary ones. I followed overall costs for my expenses, but I didn’t always do it in order to judge whether every expense was really worth it.
• Rotate your streaming services. You can watch so much content in just a month. One of the easiest ways I have found to reduce my subscription cost is to subscribe to only one streaming service at one time. For example, when one of the shows I love missed his new season of HBO’s maxI canceled my Netflix subscription and registers for a month max. I watched everything I was interested in Max, a month ago, then I canceled it and switched to another service.
• Take advantage of free subscriptions. Some subscriptions give you free access to other services. For example, Walmart Plus Members receive free Paramount Plus Subscription. Amazon Prime membership Available with fins as a free Amazon music subscription and a free year of Grubhub Plus. Take a look at your existing subscriptions to see if they offer free bonuses that you can benefit from.
• Visit the local library. Many library systems offer free access to things like newspapers, magazines and more. Check out the local library to see what you can enjoy for free.
• Threatens to cancel. Sometimes you can win a discount by calling customer service and saying you want to cancel your subscription. It doesn’t always work, but it can’t hurt to try.

More ways to save subscriptions