Saving money with unused subscriptions [Video]

From streaming services to fitness memberships to online shopping subscriptions, a new year means a new opportunity to analyze your finances and where you can cut back, according to financial advisor Alynn Godfroy.

“We can’t get rid of Netflix. My seven-year-old would lose his mind,” she admitted.

She said now is the best time to sit down and closely review your bank statements and pinpoint unused expenses, such as television and/or movie streaming services you don’t use as often as you think.

“People don’t really go to the movies. They’re doing six or eight different subscriptions,” she told CTV News Windsor.

“When I am reviewing budgets, the average household is spending close to $200 a month on subscriptions.”

Also analyze music streaming services, shopping memberships, both online and off, and your fitness routine.

“I have not been on my exercise bike for three or four months so we’re saving $63. …