If you’ve got a long list of subscriptions to cancel or you suspect you have subscriptions you’ve forgotten about, you may prefer to use an app to cancel them instead.
Here’s how these apps work in general:
- Download the app and link it to your bank account and/or credit card accounts
- The app monitors your bank account and credit card activity to identify recurring subscription services
- You tell the app which subscriptions you want to cancel and the app does it for you
Tip: Some of these apps can go a step further and negotiate savings on utility bills, cable bills and internet service. You might pay a fee to use them but you may easily get that back in savings by cutting your subscriptions and bills.
So which apps are the best for saving money on subscriptions? Here are some recommendations.
(Cost: Free for basic, $99/year for premium)
Trim is a financial manager that helps you to “trim” your monthly expenses by finding subscription services you don’t use and negotiating savings on bills. When you download Trim and connect it to your bank account, the app will give you a snapshot of where your money goes each month. You’ll be able to see at a glance which categories you spend the most in and which subscription services you’re paying for.
If you spot a subscription or membership service you want to cancel, Trim can do that for you. Trim can also haggle down some of your bills for added savings.
(Cost: $9 per canceled subscription)
Billshark is a personal finance app that can help you find savings in three ways:
- Lowering your bills
- Canceling subscriptions
- Helping you find the best deals on auto and home insurance
You can use this app to cancel dozens of subscriptions at the click of a button. Or you can have the app negotiate your bills to try and lower your monthly expenses. Billshark has a 90% success rate when it comes to helping its customers save money.
(Cost: Free, but commission fees may apply for bill negotiation services)
Clarity Money is designed to help you get clarity about your spending and grow your savings. The app looks at your spending to help you see where you can afford to cut back and how you can best make use of the money you save.
You can use Clarity Money to find subscription services and other recurring payments. If you see something you want to cut, you can get the process started through the app. Clarity Money can also help you with creating a budget and sticking to it each month.
(Cost: Free for basic, from $5 a month for paid)
TrackMySubs allows you to add your subscription services and keep track of them in one place. You can plug in the name of the service, what it’s for and what you’re paying.
This app also has another great feature: Keeping tabs on free trials. It’s easy to waste money if you sign up for a free trial for a subscription service, then forget to cancel. TrackMySubs can help you avoid that by sending you a reminder that a trial period is about to end.
How to Save by Canceling Subscriptions You Forgot About is written by Rebecca Lake for www.chime.com