Yes, lots of people don’t track their money that well. There’s an industry devoted to helping people do better at tracking their money.
One of the problems is that subscriptions aren’t consolidated. You might subscribe to streaming services individually or through a third party, such as Roku or Apple. And then of course, there are other types of subscriptions, such as music, news, patreon, recurring political contributions, and substack.
Another issue is that you might subscribe to a service which you are excited about, but you don’t actually end up using it, and you forget about it entirely.
And probably the main problem is that a lot of people don’t review their credit card statements rigorously.
Ah, I see. I didn't want to brag, if that's how it felt. When I was at a low point in life, I learned to monitor all my expenses and keep money on short leash. I can understand someone who never had to deal with that kind of situation never learned the skill and might have problems with keeping track of subscriptions. Thank you for the elaboration.
Yes, lots of people don’t track their money that well. There’s an industry devoted to helping people do better at tracking their money.
One of the problems is that subscriptions aren’t consolidated. You might subscribe to streaming services individually or through a third party, such as Roku or Apple. And then of course, there are other types of subscriptions, such as music, news, patreon, recurring political contributions, and substack.
Another issue is that you might subscribe to a service which you are excited about, but you don’t actually end up using it, and you forget about it entirely.
And probably the main problem is that a lot of people don’t review their credit card statements rigorously.