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Subscriptions Cost Consumers $130 More Than They Think, Study Shows

2022-10-31 94 Dailymotion

Subscriptions Cost Consumers , $130 More Than They Think, , Study Shows.<br />The survey was conducted for the market research firm C+R Research.<br />1,000 consumers participated in the study in April and May of this year.<br />It found that almost a third of those consumers' monthly subscription expenses were underestimated by $100 to $199.<br />On average, consumers spend $133 more every month on subscriptions than they think they do.<br />Analysts and financial planners say the results of the survey aren't exactly surprising.<br />It’s a slippery slope <br />with subscriptions. , Douglas Boneparth, Bone Fide Wealth, via CNBC.<br />It just happens automatically and you’re not actively making that purchase every month, Douglas Boneparth, Bone Fide Wealth, via CNBC.<br />Having the cost of a subscription automatically deducted from a person's account means that <br />the charges are easy to forget.<br />It’s the rare person who doesn’t have at least one sneaky charge they’ve forgotten about, Kathryn Hauer, Wilson David Investment Advisors, via CNBC.<br />Financial planners say that there are <br />simple strategies that can help you be more <br />aware of how your money is spent each month.<br />There are popular apps available to assist, but planners stress that organizing your finances is key.<br />It really comes down <br />to organization, Douglas Boneparth, Bone Fide Wealth, via CNBC.<br />The more organized you are around cash flow, the more you can identify what you want or don’t want to spend your <br />money on, Douglas Boneparth, Bone Fide Wealth, via CNBC

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