{"id":143357,"date":"2025-09-14T20:40:09","date_gmt":"2025-09-14T20:40:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/143357\/"},"modified":"2025-09-14T20:40:09","modified_gmt":"2025-09-14T20:40:09","slug":"the-5-bills-middle-class-retirees-should-cancel-first-even-if-its-begrudgingly","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/143357\/","title":{"rendered":"The 5 Bills Middle-Class Retirees Should Cancel First \u2014 Even If It\u2019s Begrudgingly"},"content":{"rendered":"

Living on a fixed income in retirement<\/a> can be a challenge \u2014 especially in the current economy. If you\u2019re spending more than you\u2019d like each month, it\u2019s time to start cutting back. To determine which bills to cancel, start by reviewing your expenses during the last quarter and establishing two main categories, intentional and unintentional, according to Kevin C. Feig, CFP, CPA\/PFS, founder of Walk You to Wealth<\/a>.<\/p>\n

\u201cIntentional spending means being aware and thoughtful about where your money is going, regardless of how it may seem to others,\u201d he said. \u201cUnintentional spending, on the other hand, consists of expenses that don\u2019t provide sufficient benefit.\u201d<\/p>\n

Read Next: 10 Bills That Drain Your Retirement Savings \u2014 and How To Cancel Them<\/a><\/p>\n

Explore More: 8 Common Mistakes Retirees Make With Their Social Security Checks<\/a><\/p>\n

He said to use your findings to eliminate unintentional spending that doesn\u2019t add value to your lifestyle. As Feig noted, bills that might be considered frivolous to one person might be worthwhile for another. If you need a little help getting started, here\u2019s a look at five bills retirees can consider canceling<\/a>.<\/p>\n

Wasted Memberships<\/p>\n

If you have a membership you\u2019re not actually using, it\u2019s time to part ways with it. A few Feig said to consider are gym memberships, a Costco membership<\/a> and subscriptions for excessive amounts of Google storage.<\/p>\n

You may have signed up for these memberships with the best of intentions, but it\u2019s time to be honest with yourself. If you\u2019re not using these services, cancel them and put that money back in your pocket.<\/p>\n

Check Out: Extreme Frugality in Retirement: 15 Practical Ways to Cut Costs<\/a><\/p>\n

Unnecessary Food Delivery<\/p>\n

Having restaurant fare delivered to your front door is undoubtedly amazing. However, it can add up fast. If you\u2019ve become a bit too dependent on food delivery services, it\u2019s time to seriously cut back<\/a> \u2014 or commit to going cold-turkey.<\/p>\n

\u201cA client once eliminated close to $2,000 [per] month by discontinuing food delivery services like UberEats,\u201d Feig said.<\/p>\n

Spotify<\/p>\n

The Spotify platform offers a wide variety of entertainment, but it adds up fast. A Spotify Premium individual membership costs $11.99 per month \u2014 which equates to about $144 per year.<\/p>\n

Alvin Carlos, CFA, CFP, financial planner and managing partner\u00a0at District Capital Management<\/a>, said to cancel your premium membership<\/a> and listen to podcasts at no cost through the free version of Spotify or Apple Podcast.<\/p>\n

You can even create playlists and listen to them for free on Spotify. You\u2019ll just have to get used to the accompanying ads.<\/p>\n

Kindle Unlimited<\/p>\n

If you\u2019re an avid reader, Kindle Unlimited might be worth its $11.99 per month subscription fee. However, Carlos noted that you may have signed up for a free trial<\/a> awhile ago and no longer actually use it.<\/p>\n

Even if you do use your subscription, consider canceling it and using the Libby app instead. This allows you to use your library card to read e-books and audiobooks for free.<\/p>\n

Premium Cable Packages<\/p>\n

Now that you\u2019re retired, having a premium cable package<\/a> might feel like a must. However, Carlos said you can likely get your favorite news programs, sports and shows with a cheaper streaming bundle.<\/p>\n

For example, YouTubeTV is $82.99 per month, offering a lineup of more than 100 channels. Another option, Tubi is a completely free streaming service supported by ads.<\/p>\n

More From GOBankingRates<\/p>\n

This article originally appeared on GOBankingRates.com<\/a>: The 5 Bills Middle-Class Retirees Should Cancel First \u2014 Even If It\u2019s Begrudgingly<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Living on a fixed income in retirement can be a challenge \u2014 especially in the current economy. If…\n","protected":false},"author":2,"featured_media":143358,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,97333,184,185,17822,5939],"class_list":{"0":"post-143357","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-kevin-c-feig","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-retirement-savings","16":"tag-spending"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/143357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=143357"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/143357\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/143358"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=143357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=143357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=143357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}