Subscriptions that renew each month can be convenient, but recurring charges for discretionary spending can also drain your budget.
It's easier than ever to subscribe to new services (especially with free trial offers), but remembering to cancel services you no longer use can be a challenge. A few examples include:
If a subscription is useful, that's great. Otherwise, canceling is a great way to save.
Enter monthly spending for each category.
$10 here and $20 there can really add up.
But what if you invested that $0 per month? At a hypothetical 8%* annual return...
* The average return of the S&P 500 stock index has been ~10% per year since its inception in 1957, not including inflation or fees. This tool uses a more conservative figure of 8% to estimate potential long-term investment growth.
