Can You Really Afford It? Although subscription boxes can contain useful items, most of them are clearly wants rather than needs. Even if a box is a good value, it’s not worth buying if you don’t have room in your budget. Financial planner Katie Colman, speaking with LearnVest, says it’s okay to splurge on a monthly crate of goodies only “as long as you’re meeting all your other financial obligations and it’s not impacting your ability to meet your goals.”
Overbuying. While a subscription box usually costs less than buying all the items in it separately, there’s a good chance you wouldn’t buy all those items if they didn’t come in your box. For instance, a $29-a-month BarkBox subscription works out to $350 each year. Chances are, that’s a lot more than you’d normally spend just for toys and treats. Over the long term, it could add significantly to the cost of owning a dog.
What you get: With the Dollar Beard Club, you’ll get all natural beard products such as oils, balm, wax, growth accelerators, and more. All you have to do to get started is build a kit which includes choosing an oil, an essential, a shower item, an accelerator, and a accessory, and you’ll be sent that monthly. However, you can always just pick a single product and only have that in your kit which is by far the cheapest option.
Why We Love it: Sometimes you just don’t have the time or energy to drive yourself to the gym. The solution? Working out from home. This subscription box makes it a breeze to get into the groove from the comfort of your living with workout DVD’s, equipment, supplements and more. What’s even better is that they have different packages for your skill level ranging from beginner to expert. Which gives you zero excuses for not getting up off the couch.
On the other hand, if your favorite thing about your subscription box is getting a special treat each month, you can give yourself the same experience by creating a category in your personal budget for “mad money.” This is a sum of cash – which doesn’t have to be large – that you can spend on anything you want. It allows you to treat yourself to something special each month – and since you pick it yourself, you can be sure it’s something you’ll really use.
Stitch Fix is a personal styling service. You tell them your style and size preferences, and they send you a package of stylish goodies to try on at home. No two Fix shipments are alike. Each one is hand-picked just for you. Keep what items you like, and return the rest in a pre-paid return mailer. The services costs $20 a month for your stylist, but that fee is deducted from any items you choose to keep.
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