There’s a Hole In Your Bucket…Plug It Up

by Matt on September 25, 2009

The most expen­sive thing in your bud­get isn’t always just one thing. Some­times it’s the cumu­la­tive of all of the lit­tle things. Those are the lit­tle holes in your bucket that should be plugged up if possible.

What could these lit­tle holes be? If you sub­scribe to monthly ser­vices, those are usu­ally the pri­mary cul­prits. Things like Tivo or Net­flix, credit mon­i­tor­ing or iden­tity pro­tec­tion. Even cable tv could be con­sid­ered a lit­tle hole depend­ing on how much you pay.

Can­cel­ing these ser­vices could save you a fair chunk of change. Do you need them? Maybe, but you prob­a­bly could live with­out them.

These ser­vices make money off of you by keep­ing you as a cus­tomer. They are very skilled at keep­ing you, and they’ll wage a war of attri­tion to keep you as a cus­tomer and hope that you’ll for­get about them and just keep let­ting the new charges come on in.

These are those lit­tle holes in your finances that sap resources that could be bet­ter spent pay­ing off your debt or adding it to your more long term savings.

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