Recurring payments – friend or foe?

“When you pay attention to detail, the big picture will take care of itself.” George St-Pierre

Technology these days makes it very easy to pay for things without your being aware of it. When I started on my frugal journey one of the things that surprised me was the number of items I had set up on autopay. It was only after I really started paying attention to my finances that I realized how many of these things I was subscribed to. Some of them hit before I had a chance to cancel them, but they were cancelled immediately so the charges won’t recur. When this happened once too many times to make me happy I did a good scan of my accounts to look for recurring charges. When I found them, I went to the vendor website and cancelled the recurring charge. It took some time, but it was worth taking the trouble since most of the recurring charges were for items I was no longer using. How crazy is that? Some of the items it was just a simple “click” on their website to cancel the charge but on others I had to actually get on the phone, stay on hold for what seemed like forever, and talk to someone whose job it is to talk me out of canceling. They’re good, but I was better! I figure I have probably saved myself at least $100 per month by taking the time to do this, which makes my wallet very happy. The vendors, not so much…I recently got a postcard in the mail from a vendor whose account I had removed from autopay because I no longer need their service. The postcard had all kinds of gloom and doom predictions if I didn’t renew the autopay to the subscription. Oh, the HUMANITY! I think I’m good, thanks.

While I did my analysis the old-fashioned way, I thought I’d take a look and see if technology was available to do the search for me. Lo and behold, it is! I truly think there IS an app for just about everything. While I’ve never used any of these products I wanted to make you aware that they are available so that you know what your options are. I’m not a paid endorser of any of the products listed and accept no liability for their performance. (Yep-it’s those pesky lawyers talking again…) Special thanks to

It’s a worthwhile exercise to really take a close look at your financial statements so you can get a handle on your spending, including your recurring charges, so you can keep track of where your money is going. Make it work for you!

Be well and God Bless-until we meet again…

Author: olderwisermoneymiser

I’m a 50-something wife, mom, and full time accounting administrator sharing my observations about life and money.

7 thoughts on “Recurring payments – friend or foe?”

  1. I did a similar thing for my auto renewing apps and was amazed at what I was still paying. At least it is somewhat easy to fix once you are aware of it. Thanks for sharing this idea.


  2. About a year ago I realized that I was still paying an annual renewal fee for a website my daughter had signed up for related to a toy she hadn’t played with for more than five years. Ugh! This is a great reminder, thanks!

    Liked by 1 person

    1. The letters I was getting were from the company I had been using for the antivirus software on my laptop. When I changed my ISP recently it included antivirus software from another vendor for free. I had forgotten I set them up on recurring until a charge had already been processed so I made sure it didn’t happen again. Thanks for commenting.

      Liked by 1 person

  3. This is great advice! My daughter actually took the time to go through their bank statement and credit card statement last year. She is a whiz at Excel so was able to produce a report that showed exactly where every $ was spent. It was an ‘eye-opener’ for her and as they were planning renovations before the birth of their second child it was important they account for their spending. Using this information, she formulated a new budget which they are sticking too and life is much easier. I hear what you are saying about direct debits. I have recently done an audit and was so surprised at all I had subscribed to and some things I wasn’t using. I’ve cancelled those and try to check each month now so I know exactly what I’m paying for. thanks for the reminder! 🙂

    Liked by 1 person

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