I am always paranoid about recurring, subscription fees that are like the little leaks that Ben Franklin warned us about. These kinds of fees are certainly much more common today than they were in Ben’s time. Some are big and easy to understand – utilities, internet access, or a boat club with monthly dues.
Others are quite insidious in their nature. They hide in our monthly bank account statement – magazines with auto-renewal, premium websites that only charge you once a year, or what seem like one-time upgrades on otherwise free apps/websites (the “freemium” business model).
Beware the ‘little leaks’ on your journey to FIRE!