The article addresses the growing concern of uncontrolled subscriptions impacting personal finances. It highlights the convenience of auto-payments and the challenge consumers face in cancelling services. The author notes an FTC regulation coming in 2025, aimed at simplifying cancellation, though it faces legal obstacles. As an effective strategy, consumers are advised to examine bank statements to uncover unnoticed subscriptions. The experience shared emphasizes that many people are unaware of how many subscriptions they're maintaining, which can lead to unexpected financial strain.
It's true that signing up for something is far easier than canceling - that's by design.
The FTC passed a rule that will require companies to make cancelling a subscription as easy as it was to sign up for it.
One of the most comprehensive ways to see what you're paying for is to look at your bank and credit card transactions.
Before putting this post together, I had no idea how many subscriptions I was paying for.
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