Scots wasting £33 million each month on subscriptions
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Research from the last three years shows that consumers in Scotland are throwing away an astonishing amount of money on subscriptions they rarely use including gym memberships, credit reports and TV streaming plans.
However, the 2017 data finds that consumers are becoming savvier, with the number of people wasting money on subscriptions falling from 44 per cent in 2016 to 38 per cent in 2017.
Despite Scots becoming more aware that they are squandering money on services, the latest iteration of the Forgotten Subscriptions Index from cashback shopping site TopCashback.co.uk, finds that £33 million is still being wasted on subscriptions each month.
Furthermore, consumers in Scotland are paying £1.47 more than they were in 2016, increasing the monthly spend to £16.23.
The study also reveals some changes in the types of subscriptions that are going unused. While gym memberships remain top, there has been an increase in the number of people saying they do not get value from their music streaming accounts and product delivery plans such as Amazon Prime, yet continue to pay for them.
Most unused subscriptions in 2017
1. Gym Memberships (49%)
2. Credit reports (23%)
3. TV streaming plans (18%)
3. Music streaming plans (18%)
4. Product delivery services (16%)
4. Hobby memberships (16%)
4. Weight loss club membership(16%)
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