We are in a subscription economy now. In the past few years, companies offering subscription products have been on the rise. A good example of such a company is Microsoft, a company that was known for selling packaged software. Today, the company has transitioned itself to a cloud company. Adobe is another company that has transitioned itself to a subscription company. Today, software like Photoshop and Indesign are being offered through a subscription. Indeed, most Americans spend more than $200 every month on subscription. In this article, we will look at some of the best subscriptions to cancel today.
Why Cancel Subscriptions?
In compiling this list, we will look at subscriptions that are simply not adding value to your life. By this, we mean that your life will be just normal even when you don’t have this subscription. As a result, you will be able to save a lot of money that you can use to pay off your debt and even save for your retirement.
Subscription to Cancel: Microsoft 365
A recent ad by Microsoft caught my eye. After the company launched its new Microsoft Office package, the company actually asked its customers not to buy it. The software costs for almost $145. Instead, the company asked the customers to buy a “cheaper” Microsoft 365 subscription that starts at $10 per month.
As a customer, the reality is that buying a Microsoft Office package is a better deal. Sure, it will cost you almost $150 compared to the $10 per month subscription. However, in the long-term, you will save a lot of money by buying the package. First, with Microsoft Office 365, you are not getting anything extra. The only thing you get is a terabyte of storage. However, with so many cloud providers, there is no need of paying extra. Second, the company can increase the price of a subscription at any time. Third, the subscription will cost you $1,200 in ten years.
Subscription to Cancel: Netflix
Over the years, Netflix has revolutionized the way people consume media. Today, the company has more than 60 million subscribers in the United States. These people pay an average of $10 every month to access a vast library of movies and TV shows. On average, they spend $120 every year on this subscription.
There is some value in subscribing to Netflix. However, there is more value to canceling the subscription. First, you can cancel the subscription and share a subscription with your family members or friends. Second, most people who subscribe rarely have the time to watch. Third, there are cheaper alternatives like Prime Video by Amazon. Disney will launch a cheaper Disney+ later this year.
Subscription to Cancel: Spotify
Like Netflix, Spotify has revolutionized the music industry. By paying $10 every month, users are able to access millions of songs. Still, there is a case of cancelling the app. Like Netflix, you can share your Spotify subscription with a friend or family member. This will allow you to cost-share with the person you are sharing with. Also, you can get a better deal. For example, if you are an iPhone user, you can use the Apple Music app, which is usually relatively cheaper than Spotify.
Subscriptions to Cancel: Stitch Fix
Stitch Fix is a great company that is changing the way people shop for clothes and accessories. The company has more than 3 million subscribers in the US. The company sends its subscribers a box with personalized clothes and shoes every month. The customers choose the ones they want, pay for them, and return the rest. The customer can also return everything in the box.
This seems like a good proposition. The reality is that Stitch Fix is creating a culture of consuming. A culture where you end up buying stuff that you don’t need. We recommend that you cancel it. Other similar subscriptions you can cancel are:
- Dia & Co
- Trunk Club
- La Tote.
- Comma Vintage
Subscriptions to Cancel: Blue Apron
Blue Apron is a leading company that sends its customers meal kits. These kits have ingredients, recipes, and directions of preparing the meals. As of this writing, the company is valued at more than $100 million. Its members pay fees that range from $54 per week to $79 per week to have these ingredients delivered to them. The reality is that you don’t need such a subscription. You can get a better deal by going to a farmers market, buying groceries, and using free online platforms to find your ideal recipes. It makes no sense to pay almost $3,000 for such a product. Other meal kit companies that you can cancel are:
- Hello Fresh
- Sun Basket.
Subscriptions to Cancel: Birchbox
Birchbox is a company that is similar to Stitch Fix. Instead of clothes, the company sends you a box with an assortment of new beauty products. These products are usually samples from manufacturers. If you love an item, you can order a real one and it will be shipped to you for free. The company charges you $15 every month for this service.
In reality, you don’t need such a product. You don’t need a box full of samples that lure you to buy more beauty products. In its place, we recommend that you use your local beauty stores like Ulta and Sephora to find these products. Other Birchbox alternatives you can cancel are:
- Cohorted Beauty Box
- Look Fantastic
- Elle Box
There are other subscriptions that you really don’t need. For example, can you justify paying Google $12 per month to access G-Suite? The solution allows you to access your personal emails using Google. It also comes with Hangouts, docs, and sheets. You can use all these products for free. Also, it does not make sense paying more than $10 per month to Wix for a website. In fact, using WordPress is a better and a cheaper option to manage your website.
- [These Apps Can Help You Finally Cancel That Subscription You Keep Forgetting] (https://www.vice.com/en_us/article/z43qx9/how-to-cancel-recurring-subscriptions-apps)
- Cancel, pause, or change a subscription on Google Play – Subscriptions on Google Play renew automatically unless you unsubscribe.
Crispus is a finance professional with more than a decade experience in the industry. Over the years, Crispus has written in-depth articles on leading platforms like CCN, Marketwatch, and Seeking Alpha. He also runs a Forex education and managed account company called WestEndFx.