The Subscription Economy
We're living in the age of subscriptions. From streaming services to software, gym memberships to meal kits, subscriptions are everywhere. The average Indian household now has 8-12 active subscriptions, spending over ₹5,000 per month.
The Growth of Subscriptions
| Year | Avg Subscriptions | Monthly Spend |
|---|---|---|
| 2020 | 4-5 | ₹2,500 |
| 2022 | 6-8 | ₹3,800 |
| 2025 | 8-12 | ₹5,200 |
The Hidden Cost of Subscriptions
Many people don't realize how much they're spending on subscriptions because:
- Charges are spread across different dates
- Multiple payment methods make tracking difficult
- Annual subscriptions are forgotten after the first charge
- Free trials auto-convert to paid subscriptions
- Family plans and shared accounts create confusion
Real Cost Example
Let's look at a typical Indian professional's subscriptions:
| Service | Monthly Cost | Annual Cost |
|---|---|---|
| Netflix Premium | ₹649 | ₹7,788 |
| Amazon Prime | ₹125 | ₹1,499 |
| Spotify Premium | ₹119 | ₹1,428 |
| Disney+ Hotstar | ₹299 | ₹3,588 |
| Gym Membership | ₹1,500 | ₹18,000 |
| Cloud Storage | ₹130 | ₹1,560 |
| News Subscription | ₹99 | ₹1,188 |
| Total | ₹2,921 | ₹35,051 |
Dhan Well's Subscription Tracker
Our comprehensive subscription tracking feature helps you:
Key Features
- Centralized Dashboard: See all subscriptions in one place
- Billing Calendar: Visual calendar showing upcoming charges
- Smart Reminders: Get notified before payments are due
- Cost Analysis: Calculate total monthly and annual costs
- Usage Tracking: Identify subscriptions you're not using
- Renewal Alerts: Never miss a renewal date
Adding Your Subscriptions
Adding a subscription to Dhan Well takes less than 30 seconds:
Quick Add Process
- Open Subscriptions: Tap the Subscriptions icon
- Click Add New: Tap the + button
- Enter Details:
- Service name (e.g., Netflix)
- Billing amount (₹649)
- Billing frequency (Monthly/Yearly)
- Next billing date
- Payment method
- Set Reminders: Choose notification preferences
- Save: Your subscription is now tracked!
Popular Subscriptions to Track
Entertainment & Streaming
| Service | Monthly | Annual | Best For |
|---|---|---|---|
| Netflix | ₹149-649 | - | International content, originals |
| Amazon Prime | ₹179 | ₹1,499 | Shopping + streaming combo |
| Disney+ Hotstar | ₹299-1,499 | - | Sports, Disney content |
| Spotify | ₹119 | - | Music streaming |
| YouTube Premium | ₹129 | - | Ad-free videos, music |
Productivity & Software
- Microsoft 365: ₹489/month - Office apps, cloud storage
- Adobe Creative Cloud: ₹1,675/month - Design tools
- Google One: ₹130-650/month - Cloud storage
- Notion: ₹400/month - Note-taking, project management
- Grammarly: ₹1,000/month - Writing assistant
Fitness & Health
- Gym Membership: ₹1,000-3,000/month
- Cult.fit: ₹1,500-3,000/month
- HealthifyMe: ₹999/month
- Yoga Apps: ₹500-1,000/month
EMI and Installment Tracking
Beyond subscriptions, Dhan Well helps you track EMIs and installments:
Common EMIs to Track
| Type | Typical Amount | Duration |
|---|---|---|
| Car Loan | ₹15,000-40,000 | 3-7 years |
| Bike Loan | ₹3,000-8,000 | 2-5 years |
| Phone EMI | ₹2,000-5,000 | 6-24 months |
| Laptop EMI | ₹3,000-8,000 | 6-18 months |
| Personal Loan | ₹5,000-20,000 | 1-5 years |
Smart Notification System
Never miss a payment with Dhan Well's intelligent notification system:
Notification Schedule
- 7 Days Before: "Your Netflix subscription renews in 7 days (₹649)"
- 3 Days Before: "Reminder: Amazon Prime renewal in 3 days"
- 1 Day Before: "Tomorrow: Gym membership payment due (₹1,500)"
- On Due Date: "Today: Spotify Premium payment (₹119)"
- Overdue: "Overdue: Disney+ Hotstar payment missed"
Subscription Audit Guide
Perform a monthly subscription audit to save money:
Audit Checklist
- Usage Review: Have you used this service in the last 30 days?
- Value Assessment: Are you getting value for money?
- Alternative Check: Are there cheaper alternatives?
- Sharing Opportunity: Can you share with family/friends?
- Necessity Test: Would you miss it if you cancelled?
Money-Saving Tips
- Annual Plans: Save 15-20% by paying annually instead of monthly
- Family Plans: Share costs with family members
- Student Discounts: Many services offer 50% off for students
- Bundle Deals: Look for combo offers (e.g., Prime + Hotstar)
- Cancel Unused: Cancel subscriptions you haven't used in 2 months
Subscription Management Best Practices
1. Use a Dedicated Payment Method
Use one credit card for all subscriptions to make tracking easier and earn rewards.
2. Set Calendar Reminders
Add subscription renewals to your calendar, especially for annual subscriptions.
3. Review Quarterly
Every 3 months, review all subscriptions and cancel what you don't use.
4. Track Free Trials
Set reminders to cancel free trials before they convert to paid subscriptions.
5. Negotiate Prices
Contact customer service before cancelling - they often offer discounts to retain you.
Start Tracking Today
Take control of your recurring expenses. Sign up for Dhan Well and add all your subscriptions in minutes. Most users discover they can save ₹1,000-2,000 per month by tracking and optimizing their subscriptions.
