It’s so easy to sign up for memberships or subscriptions, especially when there is a free trial offer. But it also easy to forget about the service or just lose interest shortly after signing up. Problem is if you don’t remember signing up or lose interest then the recurring expense I really add up. Those $2 and $5 charges can really add up. Frankly, I’d rather spend my $5 on a coffee and muffin.
First, check your credit cards for any recurring subscription or membership charges. I believe the best way to accomplish this step is that you need to do it yourself. It can be a time-consuming and tedious process, but afterward, I’ll bet you’re a bit more careful about signing up for new services in the future.
Find and Review Unwanted and Unused Online Memberships and Subscription Services
By examining credit card and bank statements will allow you to identify subscriptions and memberships paid through those accounts.
Try to go through at least one year’s worth of statements to make sure you have identified all charges.
Check App and Google Store Receipts
If you’ve subscribed through the App Store or the Google Play Store using your registered Apple or Google ID, they’ll have a record of the recurring payments. Review the records gives to see just how much you’ve been paying, and whether you should consider canceling the service.
Once you’ve gone through the data, decide if you want to cancel or keep the service. Next step is to start Then, get to work canceling the memberships or subscriptions you identified.
5 Tips to avoid problems canceling online memberships and subscriptions
Set up a throwaway email– I use a throwaway email for anything I’m unsure of. If it turns out I like the service, and it’s useful, I will merely update my contact information to my “true” email address.
Use a Visa Gift card for monthly subscriptions – This works well for two reasons; First, if you forget about the subscription there is a limit that can be charged to the gift card, and secondly, is safety, your credit, or debit card is not exposed.
Using your credit card – Sometime you may find that the company won’t accept a visa gift card and you are forced to use a credit card. If you have multiple credit cards, decide which one will be used for memberships and subscriptions. If you need to review later, it’s much easier to only have to go over one credit card.
Review cancellation policies – Before signing up for anything I find out how to cancel the service. Some subscriptions require you to “call” an 800 number to cancel, I never sign up if a phone call is the only way to cancel. I’ve had one too many hard sale tactics with the person on the other end desperately trying to retain your business ( think credit monitoring services).
Create an email folder for registrations – keep each registration email and any cancellation confirmations.
Some services and apps will assist you in finding and canceling old memberships and subscriptions. However, I can’t promote or review the benefits of using them since I’ve never used them myself.
A membership you need