With the impending launch of Apple Music this week, it dawned on me that I don’t exactly know just how much I’m spending on digital subscription services. Back in the day I had physical newspapers & magazines show up on my doorstep every month so it was relatively easy to keep track of what I had subscribed to. Those bound, blocks of paper acted as reminders of what I was and wasn’t reading. Subscriptions these days can be tricky things; sign up for a Patreon here, add a new online media service there and pretty soon you’ve lost track of just how much you’re shelling out for the convenience of online content.
The new Apple Music service will cost $9.99 a month / $119.88 yearly but I already subscribe to iTunes Match which costs just $24.99 a year. Do I really need both? There are additional benefits that Apple Music offers that go beyond iTunes Match of course, but is it worth it strictly from a cost basis?
Before I can answer that question I really need to know just how much I’m spending month to month on all these things, so I went through and tried to catalog all of my digital subscriptions. Here’s what I found.
• MLB TV $129.99 yearly
• Netflix $8.53 mo / $102.36 yearly
• America’s Test Kitchen Multi-site Membership / $69.96 yearly
• iTunes Match $24.99 yearly
• Patreon $8.00 mo / $96 yearly
• iCloud 20GB Plan .99¢ mo / $11.88 yearly
• Angie’s List Basic $7.99 yearly
So in total, I’m currently paying $347.17 annually in online subscriptions which breaks down to roughly $29 per month. Overall that’s better than I expected, but then again these are only the subscriptions I could track down or remember I was paying. There are probably a few others I haven’t accounted for yet. I wonder if the amount of content I’ve subscribed to is below or above average for today’s consumer?
Are there subscriptions I could cancel to help get the new Apple Music service into my budget? I’m definitely considering ending my America’s Test Kitchen subscription for instance. The two Patreons I subscribe to (Kurzgesagt & Apple World Today) may not be necessary, but they bring me awesome content every month that I enjoy and wish to support. There’s no way I would ever ditch Netflix, it’s one of the best content providers I’ve ever had.
In the end, switching out my iTunes Match subscription for a year of Apple Music would bring my monthly total up to around $37 or $442.06 annually. That’s an increase of roughly 27% of what I’m currently forking over which seems like a lot at first glance. Will Apple Music be worth it? As I don’t currently subscribe to any streaming music services like Spotify or Beats, it’s pretty much impossible to say, at least for now. The good news is Apple is offering that infamous 3-month free trial when it launches on Tuesday so I’m pretty sure I’ll be taking advantage of that to evaluate the service.
If you’re cost conscious or on a budget and have not taken stock of your online subscriptions recently, now might be a good time to do so. Knowing just how much you’re spending each month can really be an eye-opener that will help you make informed for future subscriptions. At the very least, this exercise has taught me to categorize all of my online subscriptions similarly in Mint so I can easily review what I’ve subscribed to. Lastly, the folks over at iMore have also put together a fantastic guide to Apple Music that answers every question you could possibly have. Hopefully this all helps you as much as it helped me!