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People have no clue how much they spend on automatic recurring payments

By Wes Styles Apr 6, 2021 | 7:48 AM

Do you know all the recurring payment you make every month? All those services that are automatically taken out. Or have you forgotten about and do even use some of them?

A new survey of Americans shows that 58% of us have forgotten about at least one recurring payment they’ve set up. 57% said the thought of organizing or canceling them is hassle.

Sadly, 55% don’t know how much money is taken out each month due to those recurring payments — Do they not balance their checkbooks or even look at their accounts?