February’s Money Challenge: Ditch Your Old, Unused Subscriptions

February’s Money Challenge: Ditch Your Old, Unused Subscriptions

This month, let’s save money by ditching our old, unused subscriptions and memberships.

Photo by tranmautritam

We're not asking you to get rid of the subscriptions you use and love (you can pry Netflix out of my cold, dead hands). But if there's a lingering service you don't use or may have forgotten about, and it's bleeding cash from your budget, it's time to cut the cord.

So this month, we challenge you to make a list of all your subscriptions and memberships, then cancel the ones that no longer serve you. These might be:

  • Gym memberships
  • Streaming entertainment services
  • Subscription boxes
  • Music services

First, make a list of all of your subscriptions. Then ask yourself how valuable the service is: Does it save you a fair amount of time or money? Do you use if often? Can you find a free (or cheaper) alternative? If it's just not worth it, ditch it.

Are you in? If so, let us know in the comments. We'll have some resources to help you along throughout the month and, of course, we'll check back in at the end of February to see how you did. Good luck!