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#6: Tough Cuts: Monthly Subscriptions

Alright, now we’ve seen how much a gadget or a new mode of transportation can cost and how much we could save by making smart choices. But the next lesson is where it really gets fun!

Monthly Subscriptions.

These numbers apply to Shawn in the book and are for illustrative purposes. Shawn is going to save a ton! For your numbers, refer to the calculator.

How many app subscriptions do you have? Technology is amazing. For only $9 a month, you can get a whole world library of music! But, each of those subscriptions add up!

  • $9/month music app subscription = $9,700.
    • Wow. Is is really worth that much to you?
    • Let’s say you have 3 of those.
      • 3 apps = $28,047.63.

Let’s look at cable TV.

  • $180/month = $139,000! Wow. Is it really worth that much?
    • Not only that, but $180/month = 7.3 years of mortgage payments.

Everybody loves a clean car! And car wash memberships are all the rage. But they’re expensive!

  • $26/month = $27,000.
    • What would we do without car washes? Well, maybe wash your car in the driveway. Gasp!

Look at how much money a fuel efficient car could save.

And look how much a truck lease would actually cost.

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