Are Subscriptions and Delivery Apps Driving you into Debt?

In this episode, Doug and Ted discuss the subtle ways debt accumulates over time, highlighting the unnoticed expenses that may lead you into debt. Have you ever calculated how much you spend monthly on subscriptions? Consider services like Amazon, Netflix, Disney, meal kits such as HelloFresh or Factor, pet and beauty subscriptions, car subscriptions, book clubs, and newspapers. These examples highlight how your money can slip away without you realizing it and potentially lead you toward bankruptcy. Tune in for practical advice on what to do to reduce these expenses, so you don’t find yourself in debt.
Time Stamps:
00:00 Introduction
03:00 Set it and forget it method
04:03 Subscriptions
13:01 Why would a business want you to be on a subscription service?
16:49 Practical advice
Related Links:
The Marketing of Consumer Debt. Avoid The Traps - www.hoyes.com/blog/the-market...
52 Tips to Avoid Debt - www.hoyes.com/blog/52-tips-av...
5 Debt Lessons Every Student Should Know - www.hoyes.com/blog/5-debt-les...
How To Minimize Debt as a Millennial - www.hoyes.com/blog/how-to-min...
How to Minimize Debt as Your Family Grows - www.hoyes.com/blog/how-to-min...
How to Minimize Debt Before and After Retirement - www.hoyes.com/blog/how-to-min...

[@michaelcarl6589]

"And that was the end of that" If Ron Swanson was a real person, it would be Ted.

[@DebtFreein30]

"I once worked with a guy for three years, never learned his name, best friend I ever had! We still sometimes never talk." - Ron Swanson Or Ted Michalos?

[@laanierhae]

Not sure about the price in Canada, but Prime is more than $9.99 in the U.S. It's up to $14.99 now.

[@Jessie-J]

Cut all streaming services a year ago: they definitely add up. Bonus, I don’t have to worry anymore about their prices rising

[@DebtFreein30]

They getting to be as much as the old cable packages nowadays, aren't they!

[@PaulaL-D]

Toyota charges 12.00 per month for auto start! Ridiculous!

[@rhiannavasquez93]

Looking forward to this!

[@brett.c1649]

Time 2:00 "for the most part" besides all the kids with no credit who are approved for, what a house used to cost for 4 years of schooling.

[@islandhopper100]

Not a fan of budgeting is the same as admitting you do not know where your money is going..... That is not a good path to being debt free much less becoming wealthy.

[@brett.c1649]

Thanks I'm gonna do this with the wife