Why annual renewals are the problem
The more rarely something happens, the easier it is to forget. A tool that renews yearly charges a large amount once, long after you stopped thinking about it. The same plan billed monthly would have given you twelve chances to notice it. That is why an annual renewal deserves a reminder system, not just good intentions.
The schedule
Five reminders, each with a job. The point is that every reminder has an action attached, so the series gives you time to do something about the renewal:
| When | What to do |
|---|---|
| 30 days before | Decide: keep, downgrade or cancel. This is your main decision point, with plenty of time. |
| 7 days before | Confirm the decision. Check for a price change. If you are cancelling, export anything you need. |
| 3 days before | Buffer. Handle anything that needs a reply from support or someone else's approval. |
| 1 day before | Final check. If you are not keeping it, cancel now. |
| Day of renewal | Verify: either the charge matches what you expected or the cancellation went through. |
How to set it up
You do not need special software. Two approaches work:
- Calendar events. Create one yearly repeating event per subscription, then add the reminders at 30, 7, 3 and 1 days. Put the price and the cancellation link in the event notes.
- A spreadsheet. Keep a column for each renewal date. If the renewal date is in cell
B2, the 30-day reminder date is=B2-30, and the others are=B2-7,=B2-3and=B2-1. Sort the sheet by the next reminder date and work from the top.
Where to find renewal dates
- Receipts and email. Search your inbox for the service name and “receipt” or “renews”.
- The account’s billing page, which usually shows the next billing date.
- Your card statement. An annual charge appears on the same date a year earlier.
- App-store subscription lists on your phone.
Try asking before you cancel
If you still use a tool but the price bothers you, ask about a lower plan or a discount before you cancel. Some companies offer one to keep a customer. It costs nothing to ask, and a note in your 30-day reminder that says “ask for a better price” makes you do it.
Let software do the reminding
Subastian is being built to send exactly this schedule: a warning 30, 7, 3 and 1 days out and again the day it happens, by email and push, for anything set to auto-renew. It is in development, and roster members get early access. Until then, the schedule above works with a calendar. To get your list of subscriptions in the first place, follow our 15-minute audit.