Mike Michalowicz recommends getting a dedicated credit card for every subscription you pay for. When you see them all on one monthly statement, the total usually shocks you into cutting the ones you forgot about. People often save hundreds or over a thousand dollars a month this way.
The number one, perhaps most insidious form of debt accumulation for individuals right now is subscriptions. But what you do, here's the trick. You got to get this under control and it can save you literally hundreds a month. In certain cases, we've even seen people save over $1,000 a month. What you do is you get an additional credit card, write the word subscriptions on the credit card. Then every single subscription you have, move to that one credit card. Why is this important? Every month when that statement arrives is a painful moment. I literally thought I was spending maybe $200 or $300 on subscriptions. I was thinking, you know, TV, internet. Okay. It's probably about $300, $475. I was like, what am I doing? So you want to consolidate it to one place and it brings a painful awareness. And with painful awareness, you now have clarity and you have control. You can make decisions. I scratched it out. I got down to the number where I thought it should have been, and it's saving, at least in my case, hundreds a month.
