How Much Are You Really Spending on Subscriptions Each Month?
How much of your hard-earned cash is quietly slipping away to subscriptions each month? From your Netflix binge sessions to that app subscription you forgot to cancel, the numbers can really add up, and we're here to break it down!
App Store vs. Google Play: The Subscription Showdown
First up, are you Team iPhone or Team Android? It matters because iOS users are dishing out more than double on subscriptions compared to Android users. In 2021, App Store subscriptions pulled in a massive $13.5 billion, while Google Play lagged at $4.8 billion. Whether it's for extra storage, premium app features, or your wellness app, these costs are a sneaky slice of your budget pie.
Streaming More, Spending More
Streaming is the new cable, but cheaper and with more control over what you watch. The average U.S. household spends about $47 monthly across four different streaming services like Hulu, Disney+, and the ever-popular Netflix. This switch is giving traditional cable a run for its money, especially when cable can cost up to $100 a month.
Globally, the streaming market is exploding and is expected to hit a whopping $330 billion by 2030.
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Worried about overspending?
Tools to Keep Your Budget in Check
There’s an app for that—actually, several! Apps like RocketMoney, are here to help you manage those sneaky subscriptions. They can alert you about upcoming bills, show you where you might cut back, and even help cancel the subscriptions you no longer use.
As the cost of living continues to pinch, it's more important than ever to stay on top of where your money is going. With these insights and tools, you can ensure your subscriptions are worth every penny, keeping you entertained without breaking the bank. Stay savvy and stream smart!
