Dangers of Subscriptions
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This lesson explores how subscription services work, revealing their hidden costs and the psychological tactics behind them. It teaches you how to evaluate, manage, and even replace subscriptions to protect your budget and build financial independence.
Learning Objectives:
Upon completion of this module, students will:
Understand Subscriptions: Learn what subscription services are, including common types and pricing models.
Identify Hidden Costs: Recognize how recurring payments, automatic renewals, and price creep can negatively impact your finances.
Manage Subscriptions Effectively: Gain practical strategies to track, evaluate, and cancel unnecessary subscriptions.
Explore Alternatives: Discover cost-effective alternatives to traditional subscriptions that help you save money.
Curriculum
- 4 Sections
- 5 Lessons
- Lifetime
- Part 1 – What Are Subscriptions?Defines subscriptions, explains different billing models (monthly, annual, free trials, freemium), and discusses why they are especially appealing to young adults through convenience, affordability, and a sense of exclusivity.3
- Part 2 – The Hidden CostsExamines how small, recurring fees add up over time, highlights issues like automatic renewals and price hikes, and explains the marketing tactics (free trials, bundling, sunk cost fallacy) that keep you subscribed even when you don’t need the service.2
- Part 3 – Real-Life Impact and ManagementUses real-world examples to show how unmonitored subscriptions can lead to financial strain and poor budgeting habits. It then offers practical tips for tracking subscriptions and avoiding unexpected charges.2
- Part 4 – Alternatives to Subscription ServicesPresents practical alternatives such as one-time purchases, free ad-supported options, and sharing subscriptions with friends or family, demonstrating how these choices can save money while still providing access to desired content or services.2
Chris
Teacher Chris uses interactive, real-world techniques to teach finance, making complex topics simple and practical. His passion for teaching shows through his active engagement with learners. Through gamified lessons, role-playing, and hands-on budgeting exercises, students learn how to manage money, build savings, and understand credit. Chris incorporates digital tools, mock investment scenarios, and relatable storytelling to keep learners engaged and motivated. By connecting financial habits to everyday life, Chris empowers students to make informed decisions and develop lifelong financial skills. With a focus on clarity, confidence, and creativity, Teacher Chris turns financial literacy into an accessible, enjoyable journey for learners of all ages.
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