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Plug these holes in your bank account

by Janet Attard

Here's a tip a lot of Internet marketers won't want you to read. It's a relatively quick and painless way to cut costs and keep more money in your bank account:

Make a list of all the publications, associations, websites, text link fees, and services to which you subscribe.
Evaluate each, noting the cost per year; the last time your read it, attended a meeting or used it; its current value is to you and whether or not you should continue it. (A spreadsheet or a Word document set up in table format is useful for compiling this list.)

To be sure you don't forget to list any subscriptions, memberships, or recurring payments, look at your monthly credit card bills as well as your PayPal account if you use it to pay for monthly subscriptions.
Eliminate (unsubscribe or discontinue membership) all subscriptions, memberships and services that no longer benefit you. (If you later find you do need them, just resubscribe.) If you've been in business long, and/or are on many Internet marketing mailing lists, eliminating the subscriptions and memberships you no longer use could save you hundreds of dollars a month.

Save your spreadsheet or Word document and remember to add to it as you subscribe to new publications, services or join new associations. Review it once a quarter to be sure you aren't wasting money on services you don't use.

More: 10 Ideas to Keep Cash Flowing

Posted by on January 9, 2008 at 9:25 AM | Comments (1)

Comments

Great tip!! This also helps with cutting down on 'subscription clutter' (both in the office and via email).

Posted by: Dana Detrick-Clark from Serious Vanity Music on January 9, 2008 at 11:43 AM

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