We dive into the surprising world of subscription spending, revealing that the average American forks out a staggering $219 a month on various subscriptions. But here's the kicker: when we tried to guess how much we spend, we wildly underestimated at just $86. It’s a classic case of being blissfully unaware, right? We sign up for these services just once, and then they quietly drain our wallets month after month, often without us even realizing it. With the average person holding onto about 12 subscriptions, and only half of them actually getting any use, we can't help but wonder—how many would we really keep if we had to start from scratch? Join us as we unpack this subscription trap and share our thoughts on the insidious nature of these autopilot charges.

Takeaways:

• The average American is shelling out an eye-watering $219 monthly on subscriptions.
• When we guessed our subscription spending, we thought it was only $86—talk about missing the mark!
• It's crazy how these subscriptions keep charging us, even when we forgot we signed up.
• Most people have around 12 subscriptions but realistically, we only use half of them.
• Subscriptions sneak up on us, quietly draining our wallets without us even realizing it.
• Reflecting on how many subscriptions I truly need can save me a lot of money.

Links referenced in this episode:

• jamesabrown.net

This is the Daily note from jamesabrown.net 219 bucks a month.

That's what the average American spends on subscriptions, according to CNR research.

But when we were asked to guess how much we spend, we said $86.

We're off by more than half.

And that makes sense, I guess.

We signed up for each subscription once and we said yes once, and then we were charged forever.

And then the price kept going up and up and up while our bank accounts went down, down, down.

It's a quiet autopilot, ingenious and insidious.

The average person has 12 of these subscriptions and we only use like half of them.

It's a great business if you can get into it.

What do you think?

How many of these subscriptions do you have?

And if you had to start over, how many would you keep?

Let me know on jamesabrown.net on that note.

I'm James A.

Brown and as always, be well.