I used one app for roughly 30 minutes to revoke a number of subscriptions that I no longer use. This year, I’ll save around $1,235.
If you’re anything like me, you might sign up for numerous subscriptions using various credit cards and then forget to cancel them when you stop using them.
I viewed all of my subscriptions using the Rocket Money mobile app. Without having to open a ton of additional apps or websites and then figure out how to unsubscribe, it let me to cancel the ones I don’t need.
I stopped using the meal-prep subscription service Hello Fresh, which immediately saved me $980 for the entire year. I also cancelled a $75 Instacart membership and a $180 subscription to an exercise program. You might also be able to find and cancel subscriptions to streaming services or other recurring fees with the aid of Rocket Money if you no longer use them.
The app offers new users a 7-day free trial, enough time for you to cancel your subscriptions, but otherwise costs $3 to $12 per month, billed annually, depending on what you need. Other features of Rocket Money, such budget tracking and savings tools, can convince you that the monthly charge is worthwhile. All my subscriptions needed to be gathered in one location for me to be able to cancel the ones I wasn’t using.
Here’s what I did.
How to find and cancel unwanted subscriptions
As long as you can remember the passwords to all of your various accounts, setting up an account and navigating Rocket Money are simple tasks. Here’s what to do:
- Sign up for a Rocket Money account online. You can also download the app for iPhone or Android.
- Link your checking accounts, savings accounts and credit cards. This may occasionally call for two-factor authentication, in which case you will get a text or email with a number that will allow you to log into your bank or credit card account and link it to Rocket Money.
- You’ll see your recent transactions once your accounts are linked. On the website, recurring charges are shown by a tiny indicator that resembles an arrow moving around the edge of a circle. On the app, you’ll see a tab for recurring charges at the bottom of your screen.
- Click the subscription you’d like to cancel.
- Press the drop-down menu button in the top-right area of the website once you’ve seen the subscription transaction. Simply tap the three-dot icon next to the charge if you’re using the Rockey Money app.
- Select “Cancel This For Me.”
- Enter your username and password and give Rocket Money permission to access the account.
- Repeat that to cancel other subscriptions.
- Rocket Money informed me that it was unable to cancel one of my memberships but provided the details I required to do it, including the website’s cancellation URL, the company’s customer service phone number, and an email address for support.
Pro tip: If you’re having trouble remembering all of your accounts, go to annualcreditreport.com to obtain your free credit report, which will include all of your open accounts. You are entitled to a free download of your annual credit report without it affecting your credit score each year. You’ll be able to view some of the arbitrary credit accounts you could have made and neglected to link to Rocket Money.