If your bank account seems to be on a diet and you can't figure out why, check your subscriptions. Between streaming services, beauty boxes, and apps that promised to "change your life," you might be leaking money like a slow-drip faucet.

I'm not against subscriptions. I love a good one when it actually makes life easier. But most of us sign up, forget about it, and keep paying long after the thrill is gone. Companies count on that forgetfulness. Some even design it that way. The Federal Trade Commission calls it a "negative option," meaning unless you take action to stop it, they keep billing you.

So let's take that power back with a few smart, easy steps.

STEP 1: FIND THE HIDDEN CULPRITS

Start by looking at your bank and credit card statements. Scroll through and note any recurring charges. Don't forget your phone. In-app subscriptions love to hide there.

If you use an iPhone, open Settings, tap your name, then Subscriptions. You'll see everything you're paying for, even the ones you forgot existed. On Android, open the Play Store, tap your photo, then Payments and Subscriptions.

Make a quick list with two columns: "I actually use this" and "What is this?!" That second list will surprise you.

STEP 2: STREAM SMARTER

Streaming services are the biggest budget busters because they're fun and easy to justify. "It's only $12 a month," you say, until you're paying for four of them.

Here's a trick: Pick one or two services you actually use, and rotate the rest. Subscribe to Netflix for a few months, then switch to Hulu or HBO Max. You'll still see what you want to watch throughout the year without paying for everything all the time.

If your family watches different things, consider a family plan that allows multiple profiles under one account. That's legal sharing. No rule bending required. And check your local public library! Many offer free streaming through apps like Kanopy or Hoopla.

STEP 3: BEAUTY BOXES AND LIFESTYLE SUBSCRIPTIONS

Those monthly "surprise" boxes are fun until you realize you've built a museum of unused lotions and lip balms. Ask yourself: Would I have bought this anyway? If not, pause or cancel.

Keep only the subscriptions that actually replace a product you already buy. And take advantage of pause options. Many companies let you skip a month or two, which can save half the annual cost without giving up your spot.

STEP 4: APP SUBSCRIPTIONS (TINY CHARGES, BIG TROUBLE)

Apps are the new silent money drain. It's easy to sign up for a free trial, then forget the clock's ticking. Replace paid apps with free alternatives or one-time purchase versions. And if you share a household, switch to a family storage plan instead of paying for separate accounts.

STEP 5: PICK UP THE PHONE TO SAVE REAL MONEY

Negotiating might feel awkward, but it works. Call the company or start a live chat and say, "I'm reviewing my subscriptions, and I'd like to stay, but the price has me reconsidering. Are there any loyalty discounts or lower tiers?"

You'd be amazed how many times the answer is yes. Companies would rather give you a small break than lose you entirely.

STEP 6: WATCH OUT FOR "BUNDLES" THAT DON'T SAVE

Bundles can be great if you use everything in them. But if you only need one or two of the services, you're paying for extras you'll never touch. Add up the individual prices and compare. If it's not cheaper, skip it.

STEP 7: RECLAIM YOUR MONEY AND PEACE OF MIND

Take 30 minutes to review your list, cancel what you don't use, and set a reminder to check again in a month. Once you get in the habit, it's easy.

According to research from Stanford and the University of Chicago, "forgotten subscriptions" can raise a company's revenue by more than 200%, all thanks to consumer inattention. In other words, they're counting on you to forget.

Don't give them the satisfaction. A few clicks, a few cancellations, and you'll have more money for things that truly bring joy.

Find more smart ways to trim spending without losing your sanity at EverydayCheapskate.com/subscriptions.

Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, "Ask Mary." This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book "Debt-Proof Living."

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