Subscriptions Can Save You Money
Whether you’ve got a big expense on the horizon, you’re boosting your emergency savings, or you’re just trying to reduce your household spending, sometimes the budget gets a little bit narrower, and some expenses need to be re-evaluated. Subscription services are typically the first to go when the purse strings tighten – but your subscriptions could actually be helping you save money!
The idea of saving a little money is one anyone can get behind. Skipping that morning drive-thru coffee, making lunch at home, scoring those hidden gems on the clearance rack – getting a great deal and saving a bit of cash can feel awesome. Whether you’ve got a big expense on the horizon, you’re boosting your emergency savings, or you’re just trying to reduce your household spending, sometimes the budget gets a little bit narrower, and some expenses need to be re-evaluated. Subscription services are typically the first to go when the purse strings tighten – but your subscriptions could actually be helping you save money! Despite their recurring bulk price tag, many subscription services end up costing less per week than a la carte equivalents.
When evaluating wants against needs, it can be easy to say that entertainment is a want, resulting in impulsive cancellations of streaming subscriptions. But it’s important to our wellbeing to give ourselves the chance to relax and unwind – and using a streaming service for less than $20/month is far cheaper than an expensive cable package or a night out at the movies. Just one night out at the cinema can easily cost $50 – especially if you splurge on an upgraded ticket or confectionary at the concession stand. Watching a movie or following a TV series can help boost your mood – and an uplifted mood can result in an increase in productivity, both at work and at home. It’s important to take time to let go of the stresses of the day to day, so that your mind is energized and better able to refocus.
Another great money-saving subscription option? Meat subscriptions, of course! Have a bit of sticker shock? That’s to be expected – particularly when you’re buying for three, four, or six weeks at a time. Purchasing in bulk, or more than just a week at a time, can feel more expensive because it’s a bigger upfront investment – but our most popular $249 box is only about $58 a week on a monthly frequency! When you subscribe to a meat delivery service, you can personalize each order, and you can plan around exactly what you’ll have on hand in the freezer for the month. That means no more impulse purchases at the butcher counter or in the meat aisle – you’re already equipped with what you’ve got at home. Planning dinners is a breeze – you can buy ingredients for sides that go with what you’ve selected in your box. No more throwing out veggies that looked great in the store but didn’t get cooked – which means no more dollars being hauled out to the curb on garbage day. Plus, with individually packaged portions, you can thaw and use exactly what you need, further reducing household food waste. With the vacuum seal, cuts can last up to a year in the freezer, which also means less freezer-burnt food thrown in the trash on clean-out day! With the ability to re-schedule your orders with no penalties, you can also ensure you’re not spending on your subscription when you don’t need it – like when you’re out of town, or a friendly family member has dropped off a hearty casserole.
Our last top cash-saver? Exercise subscriptions! They’re often cheaper than a standard gym membership, and many offer 20, 30, or 45+ minute workouts using minimal or no equipment. Following a plan can help you to stay on track, without taking on hefty membership fees. No matter your fitness level, you can get in a killer workout without much home equipment at all and keep those funds safely in your pocket.
There’s also hidden savings when you make use of subscription services. Fewer trips out to grocery stores, restaurants, gyms, and movie theatres means less money spent on gas and vehicle maintenance – on top of saving the upfront cost of your outing.
While common personal finance advice may suggest scrapping all subscription services when you’re trying to reduce expenses, they can be an excellent tool for budgeting and staying on course. Knowing exactly what you’re paying for can help you better plan out your monthly spending. Plus, making use of your subscriptions at home can help to save on impulsive purchases while you’re out and about. Of course, life is all about balance – making good use of subscription services can work perfectly alongside those well-deserved nights out and indulgent treats.
Article by: Trish Carnahan
September 10th, 2020