You can find subscriptions for almost anything these days, and they can upload quickly if you lose track of them. Fortunately, there are services that can find and cancel your unwanted subscriptions and even help you negotiate lower prices for your bills and help you better manage your finances.
These services can handle everything from Netflix subscriptions to cable bills, but they usually do not handle subscriptions to mobile apps or games. For these, you need to visit the Apple App Store or Google Play Store and manually manage your subscriptions from there. Despite this, the services are a great way to start saving money, evaluating your monthly bills and getting a bigger picture of your basic financial health.
How do subscription services work?
When you sign up for one of these services, which is usually run by an AI assistant, you connect it to your credit card or bank account. Then it scans your fees and looks for those who come back and warn you. In turn, you will let the service know who you want to keep and who you want to get rid of, and the service will cancel these subscriptions.
In the same way, for bill negotiations, you upload your bills to the service, and it reaches out to each company and does what it can to lower your outstanding amounts or interest rates. This usually happens by switching to a better plan. Some services may make the changes automatically on your behalf, while others may ask for your approval stamp first. In any case, they will notify you if it is a successful negotiation.
The services themselves are paid for by taking a percentage of the amount you saved during the first year (and if it can not save you anything, it will not charge you anything). Of course, prices vary depending on the company, but vary anywhere from 33-50%. There is no way to bypass these charges if the service saves money, but at least you still get extra money every month. Ironically, these services offer all subscription plans that unlock access to all features such as financial trainers, medical bill negotiations and automated credit card payments.
Financial support via text: Trim
Trim (free, with possible fees) is one of the original subscription cancellation services, but it has received additional money management features over the years. It brands itself as a financial healthcare company and can help negotiate cable bills, internet bills and credit card APRs. It can also analyze your transactions and provide basic advice in addition to canceling your unwanted subscriptions.
Registering for an account with Trim is free. It allows you to access tools such as invoice reminders and a debt calculator, and also manage your subscriptions from the dashboard without spending a dime. You simply connect your phone number and your financial information. the service will scrub your purchases and alert you to recurring fees via text. Trim will not charge you if it can not save money. If it does, however, the service will charge you a “success fee” of 33% of your total annual savings.
Trim also offers a premium subscription for $ 99 per year (with a 14-day free trial, of course). This gives you bank and bill negotiations, easy savings with an FDIC-insured high-return account with a 4% annual bonus, unlimited email access to its staff by financial trainers, negotiation of medical bills, cancellation of subscriptions and automated credit card payments.
A powerful instrument panel for financial health: Truebill
Truebill (free, with possible fees) can help you manage your subscriptions, but it also has lots of robust financial management tools. These are perfect for helping you learn more about and improve your overall financial health. It also offers beautiful mobile apps for both iOS and Android, so you can control your finances wherever you are.
There is a summary page on the service’s dashboard where you can see a general snapshot of the financial accounts you have connected (such as your credit cards, cash or investment balances). You can also track future bills from this page. The subscription section shows all your subscriptions and shows upcoming due dates in the built-in calendar. You can also view reports that show your monthly income and expenses and allocate your billing costs. The service also has tools for lowering your bills and setting savings targets.
The Truebill app is free and you will not be charged anything if the company can not save money. However, if it can save money, it will take 40% of your first year’s savings. There is also a premium plan with a price range (between $ 3- $ 12 per month) that opens up more options for you. Premium benefits include balance synchronization, premium chat, a cancellation concierge, unlimited budgets and smart savings.
Supported by Goldman Sachs: Clarity Money
With Clarity Money (free, with possible fees) you can reduce your bills, get rid of unwanted subscriptions and better manage your financial health. The AI-powered service is a great starting point for taking control of your finances, but it is also one that will grow with you thanks to its artillery of features. Instead of just showing your expenses, you get an action plan that helps you control and organize your finances.
Clarity Money can negotiate all types of bills from a variety of service providers, and it does a great job of finding available discounts and coupons. If it manages to save money, it only takes 33% of your first year’s savings (which is tied to Trim as the lowest fee), and it does not take a penny if it can not save money. There is even a free included iOS and Android app full of beautiful simple charts and lists to help you see all your finances in context, so you can better understand your finances at a glance.
Perfect for Bill Management: Hiatus
Although Hiatus (for free, with possible fees) puts most of its focus on bills, such as those for your mortgage or credit card, it can analyze which financial accounts you connect to. From there, the service can recommend a personal action plan to lower your bills and prices through its machine information.
The service regularly monitors your accounts and searches for better rates. It can also help you with a wide range of bills, including medical bills, student loans and car loan refinancing. Hiatus provides contextualized advice tailored to your budget that is easy for you to act on. There is also an iOS app (sorry Android) that makes it easy to manage subscriptions, see your connected accounts and view advice quickly.