Written by: Lisa Castle, CFP®
Did you know that only one in 10 people examine every transaction on statements received! I will admit, I am guilty of this. Here are a few items to watch out for:
- Free trials that turn into paid subscriptions. Keep tabs on those and be sure to cancel in time, or your free or bargain deal, just lost it’s appeal.
- Hidden checkout subscriptions. Sometimes when you are shopping on-line, the retailer will strategically place a box already checked asking you to subscribe to a related magazine. Be cautious at your checkout!
- Automatic renewals that you have forgotten you signed up for, say for instance your gym membership that you aren’t using or a magazine subscription. Keep track of those and try to avoid signing up for them if you in fact do not want them automatically renewed.
- Even if you have canceled a subscription, be sure to continually check your statement as sometimes months alter a “zombie” subscription will appear and if you do not catch it right away, you will be pulled right back into their cycle.
- Watch your monthly service charges. Small increases add up so be sure to continue to monitor your accounts to be sure you are getting the best deal.
http://finance.yahoo.com/news/top-6-deceptive-bill-charges-145136376.html
