Businesses sometimes offer you a discount for paying a membership fee upfront. This might sound like a good way to save a few bucks, but the monthly or annual fee could continue long after you’ve stopped using the service.
For example, if you have a computer problem, you may decide to pay a monthly fee for live access to technical support. Once the problem is solved, you may never need to call for help again. However, monthly fees will continue draining your bank account unless you cancel the membership.
To find recurring expenses you may have forgotten, use a company like BillCutterz or Trim. Or, comb through financial records yourself. We detail both options in “How to Slash Every Monthly Bill You Have.”
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Read More: 7 Ways You Throw Away Money Every Day