Today I sat down to calculate my subscription payments over the course of a year. I may have missed a few, but so far I get $2,305/year. I look at the subscriptions list and none, absolutely none of them are necessary at all. (Some may argue that the VoIP phone is necessary, but both my wife and I have mobile phones that we use as primary means of voice communications.). I can clearly say that over two grand in subscriptions is discretionary expenses scheduled to happen when ether I decide to make them or not.Am I happy with this? I think I am. One of the reasons of making the list is to decide how happy I am, how much benefit I am receiving out of this expenses, and if I want to keep them or not. I encourage people to write down on a piece of paper all of his/her subscriptions, calculate the monthly and yearly costs, and think about how appropriate they are.
Bear in mind that although these expenses are about $200/month, they represent $2305 a year. For a family earning $40,000 this would mean 5.8% of their pretax income, for one making $100,000/year it would be 2.3%, and for one making $200,000/year it would be 1.15%. It certainly have a very different impact on everybody’s lives and each person, and everyone should keep it in mind: live within your means.
Monthly $181.29 * 12 = $2175.48/year :
29.99 Alarm System
15.74 Blizzard Entertainment (World of Warcraft)
6.99 Website Hosting Fees
20.58 Vonage Phone
67.15 CableTV and Internet
21.95 Boingo Internet Hotspot Membership
19.99 Blue Mountain Card Printing Service
75.00 Appalachian Mountain Club Membership
35.00 American Philatelic Society
This does not include insurance, electricity, water, car payments, mortgage payments, food or other things that people may think as necessary.One thing that I have noticed is that subscriptions keep accumulating. Maybe I should think about removing one subscription every time I want to add another one. Subscription leak money out one’s pocket – hopefully we can make them bring a fair amount of satisfaction and no debt.