Online services Are subscr iptions slowly making you poor

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Online services Are subscr.iptions slowly making you poor.
You might not be spending hundreds of dollars every month for various subscription services, as some Millennials reportedly do. But you may be spending a lot more than you realize.

Instamotor, a car-buying site, recently polled 600 people ages 18 to 34 and discovered 56 of them — nearly one in 10 — acknowledged spending at least $200 a month on subscriptions such as gym memberships, streaming entertainment services, online storage and “personal styling” (think Birchbox and Stitch Fix).

The car-buying site suggests that money might be better used to, say, make payments on a new car such as a Ford Fiesta or a Nissan Versa.

» MORE: Cut the cord and save money (if you do it right)




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Online services Are subscr.iptions slowly making you poor