We all love convenience, and that’s exactly what subscription services offer. Whether it’s streaming platforms, fitness apps, meal kits, or beauty boxes, those monthly payments can sneak up on us. While they might not seem like much individually, together they can make a significant dent in your budget.
If your direct debits are starting to feel more like a debt trap, it might be time for a subscription audit.
What Is a Subscription Audit?
A subscription audit is simply reviewing all the services you’re currently paying for on a regular basis to figure out what you actually use and what you don’t. It’s an easy and practical way to cut back on spending without having to make dramatic changes.
Why Should You Do One?
- To Save Money: Even cutting out one or two unused subscriptions could save you £10–£30 a month.
- To Regain Control: Regular payments are easy to forget about. Auditing gives you visibility of what’s really going out.
- To Make Space in Your Budget: Whether you’re saving for a holiday or dealing with rising costs, every little helps.
How to Do a Subscription Audit
1. List All of Your Subscriptions
Start by going through your bank statements, PayPal, app store, and email inbox to find all regular subscription payments. Common ones to look for:
- Streaming services (Netflix, Disney+, Spotify)
- Delivery passes (Amazon Prime, meal kits)
- Digital apps and services (cloud storage, fitness or meditation apps)
- Magazines or newspapers
Software (anti-virus, productivity tools)
2. Ask Yourself These Questions
- Do I use this regularly?
- Can I live without it for now?
- Is there a free or cheaper alternative?
- Am I paying for the same thing twice? (e.g. Spotify + Amazon Music)
3. Cancel What You Don’t Need
Even if you’re unsure about cutting a subscription, consider pausing it (if the option is available) and see if you miss it.
Tip: Make a calendar reminder of when free trials end so you’re not caught out.
4. Review Payment Dates
If you’re keeping some subscriptions, try to align payment dates to just after payday to avoid surprise charges when money’s tight.
Make Audits a Habit
Doing a subscription audit every few months keeps things in check, especially as many services subtly increase prices or offer tempting free trials. A subscription audit isn’t about going without – it’s about choosing where your money goes more mindfully. Whether you’re trying to cut back, boost your savings, or simply feel more in control, this is one simple step that can really pay off.
If you’re struggling with regular payments or debts beyond subscriptions, our free, confidential debt advice tool is here to help.
