Guess how much your subscriptions cost?
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Your subscriptions cost way more than you think–especially media subscriptions. Take a look:
Businesses used to just sell single products, until they realized they could make much more money by selling a subscription. It doesn’t seem like that much when you’re only paying $12/month for TiVo (“only $0.40 per day!”). Here’s a breakdown of what you might be spending just on media subscriptions:
- $30/month for Internet
- $50/month for cell phone
- $40/month for cable TV
- $12/month for TiVo
- $10/month for Napster/Rhapsody music subscription
- $10/month for some other content-subscription like HighBeam Research
$1,824 per year
Add in other subscriptions like your gym and you’ll be stunned. One of my students I taught last week is making $50,000/year and, after calculating this, she realized she is paying 30% of her after-tax income to subscriptions.
(This post is cross-listed on another site I run, http://www.bittershirts.com/ThingsIHate)