After using the Monarch personal finance program, I recently reviewed my finances and discovered that I spend $510 every month on various subscriptions. This amount does not include expenses like my $120 monthly AT&T 2Gbps fiber Internet bill. The subscriptions include Netflix, Google One, The Wall Street Journal, and other services and publications that I enjoy.
However, there were also over $100 worth of subscriptions that I had forgotten about or no longer needed. That’s money wasted.
So how can I cancel them? Currently, it involves a tedious process of navigating through each subscription to cancel them individually. But things might change soon.
Last month, the US Federal Trade Commission (FTC) introduced a “click-to-cancel” rule to simplify the process of ending recurring subscriptions and memberships. This new regulation mandates sellers to make canceling services as easy as signing up for them initially.
In the words of FTC Commission Chair Lina M. Khan: “Businesses often make it difficult for consumers to cancel a subscription by creating unnecessary obstacles. The FTC’s rule will eliminate these tactics, saving Americans both time and money. No one should be forced to pay for a service they no longer want.”
Amen!
2024-11-26 11:15:02
Post from www.computerworld.com
