If you’re trying to save money in your business, look for this common expense: monthly subscription charges. You sign up for that free 30-day trial, then forget to cancel. Come month number two, $20 or more is gone from your bank account for something you never use.
Go through your bank statements, identify the places where you are regularly wasting your money, and purge those subscriptions from your life. Or use a subscription-finder like Trim, which consolidates this process by connecting to your credit cards and combing through your statements. Subscriptions are flagged and submitted for your approval for cancellation by text. On average, Trim users shed $15 a month in monthly subscription expenses, according to cofounder and COO Dan Petkevich.