Yesterday was Menu Plan Monday. Today we’re looking for one or two subscriptions to cancel, to cut those outgoings. There’s nearly always something you can find if you run through this full exercise.
Even the most organised people occasionally find that they’re paying out money for things they no longer want or need. For example, your personal priorities or tastes might have changed recently, or there’s something lurking in your finances that you’ve completely forgotten about.
The Cancel It Tuesday Checklist
The easiest thing to do is run through this quick below, looking at all your regular and semi-regular spending.
Go through your current account, banking apps and credit cards to see if you can find any of the following:
- Subscriptions to streaming services you rarely or never use – cancel, or take a temporary break.
- Magazine subscriptions, print or digital.
- Music streaming services.
- Gaming memberships and subscriptions.
- Paid podcast or Substack newsletter subscriptions.
- Paid apps or in-app purchases.
- Any free trial that’s turned into a paid service you don’t like.
- Anything work related from a past job that’s no longer relevant.
- Tech, software, hosting and digital services you no longer need.
- Club memberships of all sorts – sports, hobbies, interests, social, and so on.
- Food or drinks delivery services.
- Treat box subscriptions.
- Any other memberships you aren’t using or can’t really afford.
Some of these memberships and subscriptions are only billed once per year, so you might need to skim through the last 12 months of your outgoings to spot them.
If you see anything else unexpected in your financial records, be sure to follow up on it quickly too, in case it’s some kind of fraud or other criminal activity.
Most people will have one or more subscriptions or memberships that they can cancel, or at least take take a break from.
One more thing to keep in mind: make sure that any subscription you’re thinking about cancelling isn’t actually a credit agreement or other binding contract. Check that small print carefully! Here’s a useful article from Citizens Advice about how to cancel a gym membership.
Other useful Tenner Week articles
- The full Tenner Week Challenge rules
- 12 tips for a successful Tenner Week
- How to do a Sunday Stocktake for Tenner Week
Even if you can’t find anything to cancel or suspend today, it’s still a good exercise to check through your outgoings from time to time, just in case.
Good luck with your Cancel it Tuesday!