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  • Bob Brooks

How to Find Free Money

When is the last time you audited your bank account and or credit card? Remember that suctioning you thought as a good idea then realized it wasn't such a good idea? Did you forget about or did you cancel it? recently released an interesting report. Their conclusion was that three out of every four Americans have at least one online subscription, and they spend an average of $38 a month on them.

Key findings:

  • 76% of those surveyed reported having at least one online subscription.

  • Video streaming services are the most popular: 58% pay for services like Netflix and Hulu, while 41% said they paid for online subscription shopping like Amazon Prime, and 34% subscribe to a music service like Spotify or Pandora.

  • Those with online subscriptions spend an average of $38 a month on them.

  • Millennials and Gen X spend more than baby boomers on online subscriptions.

  • Credit card debt isn’t an impediment to paying up monthly subscriptions. 73% of those with $5,000 or more in credit card debt currently pay for an online subscription.

Check out your statements. You might be surprised what you are paying for unintentionally. While you are at it check your cell phone bill and your cable/sattelite bill. You might be shocked to find you are wasting a lot of money each month

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