- 17 days
Suspect if they looked at subset of adults with families it would be even higher.
- TubularTittyFrog@lemmy.worldEnglish17 days
adults with families have more money, so yeah it would be higher.
17 daysWorking as inteded. The whole move to subscriptions is because people tend to forget about them. They stop using a service but don’t cancel it.
- 17 days
Which is why I’m careful. That is why I always reject the “no payments or interest for 6 months” offers stores sometimes have - I “know” they won’t remind me to pay it off in 6 months and then I’m paying more.
- ITGuyLevi@programming.devEnglish17 days
Oh no, with those savings they could pay a month of rent in 5 years or so!
- partial_accumen@lemmy.worldEnglish17 days
$250/year starting investing in 2020 into the regular S&P 500 would be worth $3,703 today. So maybe as much as a month and a half of rent depending on where you live. However the point being is, if the subscription is unused, you’re not getting any value for it. A free month (or more) of rent is something you’ll actually use.
would be worth $3,703 today. Or perhaps $250 tomaro when the AI bubble pops. An investment in the market is obviously worth more to those high-living traders, of course (and those fee-loving brokers), so they concur.
- ITGuyLevi@programming.devEnglish16 days
Yeah, I was just taking the piss. Honestly I would love even an extra spare $20 a month!
- Anti_Iridium@lemmy.worldEnglish16 days
I might not just know “ThE vAlUe Of A dOlLaR!!¡” but 20 dollars would make no difference a month.
- partial_accumen@lemmy.worldEnglish16 days
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A common insurance co-pay to see a Primary Care Physician (regular family doctor) is $40. That could mean going to the doctor or not for some folks.
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$20 would pay for five different 30 day prescriptions of common generic prescription drugs.
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$25 ($5 short) would buy more than a month’s worth of insulin.
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$20 will by 35lbs or rice. That’s well over 2 weeks worth of meals (at 2000 calories a day).
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$20 will pay for one month of mobile phone service with unlimited talk and text along with 4GB of data (as well as hotspot functionality)
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$20 would pay for 100 full charges on a very large ebike battery. Thats enough to go 7500 miles of range on average.
- Anti_Iridium@lemmy.worldEnglish16 days
Yeah, but it would make a marginal if almost unnoticeable dent in any bills I’m actually stressed/worried by.
- partial_accumen@lemmy.worldEnglish16 days
What is the dollar figure of your highest interest bill and its interest rate?
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- ITGuyLevi@programming.devEnglish16 days
While I agree $20 doesn’t go far, a $20 bill at least makes sure I have enough to give my kid if he says he needs a couple bucks.
- Anti_Iridium@lemmy.worldEnglish16 days
Which as always is a fair answer. I do get feelings of joy remembering asking my parents for something and them actually saying yes for like a book/video game/flash drive. Hell, I remember being excited exactly that way getting an 8gb flash drive so I could finally burn dvd’s to something other than physical DVD’s.
Hope your kid gets that too!
- ITGuyLevi@programming.devEnglish15 days
To be fair my kid is a man now, he still lives at home but that is mainly because he doesn’t have a need to move out and he can save up while he lives at home (he works in his chosen field but prices are crazy). He definitely got almost anything he wanted but he always asked for stuff within reason and against all odds we’ve had a particularly lucky run at things over the past decade or so.
- AstralPath@lemmy.caEnglish14 days
If you’re only thinking of a single month, sure. But $20 is $20.
If someone gave you $240 every year for Xmas would you be stoked or would that feel insignificant?
- Anti_Iridium@lemmy.worldEnglish14 days
I would be stoked, depending on the source. But with that I could take a noticeable chunk out of debt/buy a good pair of boots/use as a down payment on something.
But 20 a month would not make a noticeable difference, even if the end result would be the same. I can’t do anything with 20 dollars a month that I cannot do now.
- AdolfSchmitler@lemmy.worldEnglish17 days
Hey if they cut out the avacado toast it would only take 4.5 years
- Joe@discuss.tchncs.deEnglish17 days
Just wait until you see how much they waste on unused life insurance!
- partial_accumen@lemmy.worldEnglish17 days
Just wait until you see how much they waste on unused life insurance!
I know you’re joking, but lots of people buy really bad life insurance products (whole life, universal variable policies) that are a horrible waste of money in 99.9% of people’s situations.
A large-ish term life insurance is fine if you have a family that needs to replace your income if you die early. Other than that, you only need enough money to get your remains put in the ground without burdening your family. Estimate $10k or so for full funeral and burial plot if that is your desire. If you just want cremation and spreading of ashes is much cheaper. If you’ve got the cash for that, you don’t even need a small term policy for that.
- [deleted]@piefed.worldEnglish17 days
There is a one in a thousand chance that they weren’t, let’s spread the odds around to share the burden.
- psycotica0@lemmy.caEnglish16 days
Cancel subscription, the headline:
Millenials are killing subscription-based businesses!
😛
- melfie@lemmy.zipEnglish17 days
If it’s a subscription that should really be a one-time purchase, best to look for alternatives. Especially with software subscriptions, there’s often an option that is completely free that does the job well enough, if not better.
That’s $20 a month. Not really a huge amount. Compare that with how much is spent on gas that could be saved with an EV, it’s a drop in the bucket
- 17 days
Yeah, I was gonna say, that’s like a single Netflix subscription for the year these days. That’s not a lot at all.
- 17 days
Nothing in comparison to 200 bucks per month for a Claude max subscription from Antrophic.
- GalacticRobot@lemmy.worldEnglish17 days
Are ‘normal’ people paying for that? I can see coders and those who’s companies are paying for it, but I can’t imagine a lot of individuals are. I use my own LLM at home, and while not as ‘amazing’ as Claude, it get’s 90% of the tinkering I want to do done pretty easily.
- 15 days
Some software engineers are indeed buying the max 20x subscription (temporary) to get the most out of fable. But fable 5 is after today no longer within the subscription. So no, most people most likely will stop their subscription after this month.
But often the 100 dollar per month is sufficient already. For some developers also cheaper Pro subscription as well. And recently gpt 5.6 has been released which is almost as good as Fable 5. Yet at the fraction of the costs, and they also keep providing access to gpt 5.6 sol. While Fable like I said is no longer available.
To answer your question. No ‘normal’ people should never buy these kind of subscriptions. I don’t see any benefit. Maybe if you are into science or engineering… Or some small other niches.
- iceberg314@slrpnk.netEnglish17 days
Once a year, I make a spreadsheet of my transactions and sort them by name to review subscriptions.
But honestly, just scrolling through your transactions once a week it easy to catch and cancel stuff you don’t use very often
- Zarobi@aussie.zoneEnglish17 days
My ex had three separate Amazon prime subscriptions going at once for three separate accounts and only used one of them. It was a lot of money wasted for no reason. I’m convinced most people never actually look at their bank account. Once a month I go through the expenses and make sure they all add up, it’s really not hard to do and catches weird stuff like this
- TubularTittyFrog@lemmy.worldEnglish17 days
which is 20 a month.
not a huge economic loss. that’s two drinks at a bar, our four coffees at starbucks.
people are spending a lot more than that other places. I have known plenty of people who are pay $2400-3000 a year on gym memberships they never use, because they had to get on to a ‘good gym with a steam room’ or something utterly absurd like that. who also whine about how broke they are and how expensive everything is… the same folks who ask you why you don’t have the newest iphone that just came out and talk about how ‘old’ their 1 year old phone is.
or just the habit of eating out a few times a week, will easily run you $300 a month or more.
- GalacticRobot@lemmy.worldEnglish17 days
$20 for two drinks at the bar? Must be some cheap drinks, hell I haven’t seen cocktails under $15 in a couple of years now, and craft beer pints are $10+. Wild how much prices have ramped up, but our paychecks sure haven’t.
- TubularTittyFrog@lemmy.worldEnglish17 days
cocktails are expensive because they take time to make. $15 cocktails is pretty cheap for me, where I am they are often closer to $20 unless you’re at a dive bar. $10 is a domestic beer or a house wine, which is what most folks drink when they go out.
- frongt@lemmy.zipEnglish15 days
Christ, where do you live? I’m in one of the top cost of living areas in the US, but even around here a pint is about $8, cocktails about $14±2, and a draft craft about $11. (Unless you know the spots that have cheap beer like the one place that has $3 Budweiser.)
- AstralPath@lemmy.caEnglish14 days
The bar two blocks from my house has bottles of Busch and Bud Light for $5.75 CAD. East Side Mario’s has $3.99 draft nights. Eastern Ontario, Canada.
- 404found@lemmy.zipEnglish16 days
Easy to do considering subscriptions are out of control. The US is getting to a point where people will have to start paying a subscription to breathe air. The good news is there will probably be 3 different tiers of air subscription.
- 16 days
Me: These subscription costs are really getting crazy. We should cancel any that we don’t use regularly and just resubscribe when we have something specific that we want to watch.
My partner every couple of weeks ever since: I would still cancel [service that you use at least once a week but I rarely do].
Me: And I would cancel [service that you use once every few months but I never do].
And here we are, with subscriptions for most services.
