One in three Australians cracking down on ‘useless’ subscriptions [Video]

The subscription economy has spread across almost everything from streaming TV and movies to home-cooked meals and even toilet paper and underwear.

One in three Australians say they are now cracking down on useless subscriptions, saving hundreds of dollars in the process.

Products that were previously bought once are now being bundled into ongoing payments – a trap, according to budgeting experts.

“It’s absolutely a trap,” Joel Gibson, author of Easy Money, said.

“Businesses love subscription models because once they’ve got your bank account details, they know they’ve got their hand in your back pocket and many of us will just keep on paying whether we use the service or not.”

Man people, like Joshua Vanderleest, are now fighting back. 

He’s dumping as many subscriptions as possible and “definitely noticing a difference”.

He said that cancelling most subscriptions was easy …