Save up to £400 a year by cancelling ‘zombie’ subscriptions, survey reveals

Many of us are spending big bucks on subscription services each year, but did you know that you could save up to £400 by getting rid of “zombie” subscriptions? A recent survey by Nationwide revealed that almost a fifth of subscribers aren’t even using all the platforms they’re paying for. It’s time to take a closer look at where your money is going.

As we kick off the new year, it’s a great opportunity to reassess our spending habits and make sure we’re getting the most out of our memberships. Whether it’s trimming down on unused services or finding better deals by bundling with friends or family, managing our regular expenses is key to staying on top of our budgets.

To get started, why not do a quick audit of your app and service subscriptions? Take a peek at your bank statements, make a list of what you’re paying for, and jot down when you last used each one. You might be surprised to find a subscription you’ve completely forgotten about.

One tip is to consider if you really need to hang on to that Apple TV subscription once you’ve binged Ted Lasso. Maybe it’s time to move on to something new and cancel that £9.99 monthly fee. And don’t forget, there are often free trials available if you’re looking to switch things up.

If you want to save some cash but still keep your favorite services, try exploring family or duo plans. For example, Spotify offers a Premium Family plan for £21.99 a month for up to six people, which can be a huge saving compared to individual subscriptions.

And keep an eye out for new consumer protections on the horizon that will make it easier for you to manage your subscriptions. Companies will soon be required to provide clear information on how to cancel and remind you about the services you’re paying for.

So, if you’re looking to kickstart your new year’s resolutions and boost your savings, take a closer look at where your money is going. By cutting out those unnecessary subscriptions, you could give your bank account a healthy boost. Time to start saving!