Our household is currently prioritizing getting our entertainment / discretionary spending under control, and – at least for me – a big part of that is figuring out where the money is going. Sure, I could have just made a spreadsheet, or gone super old school and written things down in a pocket sized notebook, but I decided to grab an app for that.
Spending Tracker is a pretty bare-bones budgeting app, but it had exactly the features I was looking for. I did pony up the $3 to unlock all of the paid features (which is not a subscription, but just a one time charge). At the beginning of the month, it resets my budget, carrying over any excess from the previous month, and then, whenever I spend money in the categories we’ve decided are part of discretionary spending, I log it.
I was a little thrown off, however, by how much of my monthly budget is tied up in subscription fees! We are excluding from our personal budgets services we both use, so this doesn’t even include our TV streaming services, our Audible account, or our Spotify family plan.
Currently in my monthly expenses I have subscriptions to World of Warcraft, XBox Game Pass, Humble Choice and GooglePlay Pass under gaming, as well as Kindle Unlimited under books. While I’m glad to mostly not be acquiring more stuff, I still feel like I’m not utilizing most of these well relative to their costs. While I realize we’ve been lucky to have had continued financial stability through the past couple years, but as a result, I’ve been throwing money at anything that looked like we might be able to squeeze a little distraction or joy out of it.
Over the next few months, I’m going to be taking a closer look of how much value I’m getting from each of these services. Although I have more free time than most, this is still probably quite a bit more media than any one person needs to have access to at any given time, especially when you factor in the media services we share. I can only read so many books, play so many games, and watch so much television in any given month.
Do you have any subscription services you can’t live without, or are you still paying subscriptions for things you honestly aren’t getting that much value from? Or are you the type of person who just wants to purchase all your media? Tell me about it in the comments.