Personal finance blogger Ramit Sethi calls out what he sees as the expensive self-delusion of subscriptions at his I Will Teach You To Be Rich blog. Sethi says we over-estimate how much we really get from monthly memberships, so he suggests, among other ideas:
His basic point is that you'll often pay less per use, or you'll think more about the worth of something if you have to physically make a transaction. How do you decide which subscriptions are more valuable than a la carte purchases? Which subscriptions have you happily dropped, and which make the cut? Let's hear your own take on managing monthly payments in the comments. Photo by thebluedino.
- Instead of paying for a ton of channels you never watch on cable, buy only the episodes you watch for $1.99 each off iTunes.
- Buy a day pass for the gym each time you go (around $5-$10).
- Buy songs as you want them for $0.99 each from Amazon or iTunes
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