When the money gets tight and I'm trying to plug the leaks in my budget to save money where I can. This means memberships and subscriptions are the first to determine if they should stay or go.
I have had a club membership to one of the warehouse stores for the last 4 years. Every year it comes up for renewal, I decide if it is worth having for another year. Obviously that answer has been yes the last 3 years. But for some people, the extra money for a membership isn't worth it.
Consumer Report used mystery shoppers on warehouse club savings and found that they shaved 25-55% off the cost of the items. The only area they didn't save was on drinks. This is one way to save money if coupons are not used.
I would say that I listen to Pandora about 30 hours a week and I have multiple stations setup depending on my mood. This much listening puts me way over the 40hr/mo. limit for the free option. They also have cool kid's stations as well - not that I will have need for this.
|flickr/cc - Aiko, Thomas & Juliette|
I also have saved money with a credit union by not paying big bank fees on minimums and I know they are looking out to save me money and not make a huge profit for board members and shareholders.
What memberships do you subscribe to that are worthwhile?
What is the cost?
What is the savings you receive?