cost of subscription services

How Amazon Prime Bled Me Dry. Are You Saving or Spending?

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My membership to Amazon Prime bled me dry. Alright. That’s an exaggeration. Amazon Prime didn’t exactly bleed me dry. But it wasn’t the life-changing, cost-saving membership program I thought it would be. For me, the savings claimed is often not worth the cost of subscription services.

If you aren’t aware of the numerous benefits of Amazon Prime, they promote “exclusive access to movies and TV shows, ad-free music, unlimited photo storage, and Kindle books” and, of course, the famed FREE 2-day shipping.

Determining the True Cost of Subscription Services

The Math

That all sounds great, right? Well, I just did the math. And I throw up in my mouth a little. Amazon Prime cost me $900 in 90 days. That’s $10 a day, everyday for 3 months! Maybe not such a great deal after all, huh? Let’s break down my costs.

  • Membership (monthly plan): $36.18 (or $10.99 plus tax for 3 months)
  • Prime Video: 18 videos for $3.99 each
  • Kindle Books: $10.99
  • Merchandise: $780.18

The Psychology

Let’s face it. We all love to save money. We love the discount, love the bargain. I figure that is because we love money. But we also like our stuff. Clothes, furniture, entertainment, gifts, toys, etc. I figure that is because we are humans, living in a consumeristic, capitalistic, first-world culture. The trick is finding that incredibly fine line of affordability. The balance of spending and saving. Or quite simply, living within our means.

For me, and I’m assuming for others as well, Amazon Prime seems like a great deal. But for me, it just got too damn easy to spend. Shop. Click. Stuff. Statements of rationale echoing in my head like mindless mantras. It’s free shipping! It’ll get here in 2 days! It’s only $3.99!

The Break Up

So, I cancelled Amazon Prime after 3 months and somehow, some way life will go on. I’ll buy less. I’ll watch Netflix. I’ll pay shipping. But based on my “spend trend” calculations, I may have just saved myself $2,700 for the remainder of the year.

Sorry, Amazon Prime. You are cool and everything. But I don’t think we can be together. It’s not you, it’s me. But, please know, every time I look at my kick-ass bar stools or  amazing wall mural, I’ll think of you.

When was the last time you added up your Amazon Prime “savings?” 

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