The Hidden Cost of “Passive Transactions”

Truebill Passive Transactions

When I think about my parents, managing their finances seemed easy. After all, every dollar they spent was either done directly by swiping a credit card, writing a check, or paying cash.

Today, most of the money that comes out of my account is done so automatically. Does that sound crazy? Think about it… my rent, electricity, cable, and cell phone bills are all on auto-pay, and simply go out monthly.

On top of that, I have a flurry of subscriptions that bill my credit card like clockwork, ranging from from Netflix to Amazon Prime to Dollar Shave Club.

This is what we call “Passive Spending” – or spending that happens whether or not you actually take any action.

Over the past few years, we’ve seen an explosion in Passive Spending, as the percentage of consumer spending done passively continues to grow.

While autopay can be super convenient, Passive Spending does come with a few risks:

1.) Sneaky price increases and fees can be introduced, and unfortunately go unnoticed for months.

2.) New bills can appear and coast under the rader, again sometimes for months before being discovered.

To protect you, Truebill has 2 key features we’re proud of.

Firstly, Truebill automatically recognizes and tracks recurring charges like subscription payments and bills, letting you know exactly what you’re paying for and alerting you to any changes.

Truebill lets you cancel unwanted subscriptions with just 1-click, directly from the app.

Cancelling

Secondly, Truebill monitors for unwanted bank and credit card fees and can request refunds on your behalf.

refunds

Together, these two features help users save an average of $512 per year.

Truebill is completely free and can put real money back in your pocket.

Try it today!

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About the author
Truebill

Yahya


CEO, Truebill.com

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