Erika Jones, CFO, CCTAProfit First Professionals · Certified Fractional CFO and Profit First Professional

This trick to save money is so easy #themoneyhabit #themoneyripplespodcast #mikemichalowicz #money

11 Nov 2025 · 1 min

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In this short personal‑finance segment, the speaker identifies subscription services as a major, often overlooked source of debt for many individuals. He proposes a simple, high‑impact tactic: obtain an extra credit card, label it “subscriptions,” and transfer every recurring subscription payment onto that single card. The monthly statement then becomes a stark, painful reminder of the total subscription spend, prompting the user to reassess and cut unnecessary services. By applying this method, the speaker reduced his own subscription costs from roughly $475 to a much lower amount, saving several hundred dollars each month and, in some cases, potentially over a thousand dollars.

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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 even see people save over a thousand a month. What you do is you get a 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 of 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 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.