Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.
Subscription plans for products or services are popping up all over. And while getting you to pay an automatic, recurring monthly fee for something is a marketer’s dream, I have long warned you to be careful with such plans. I’d much prefer you manage your payments manually so you can keep close tabs on your monthly spending.
Read more: You may be shocked to learn how much sugar you’re drinking every day
Now there’s a new emerging form of subscription and it’s one that sounds so silly, I almost thought it was a joke when I read the headline on the story in The New York Times! Companies offer ‘sock of the month’ clubs geared heavily toward men where they’ll send you one outrageous pair of socks every 30 days in exchange for a monthly fee of around $10 to $12, plus shipping.
Among the fledgling outfits pushing this business model are Soxiety, Sock Panda and Ankle Swagger, to name just a few. The funniest thing of all? In some cases, guys are just getting a pair of plain black socks at $12 a pop, month after month!
Now I don’t know about you, but I feel bad when I spend $2 for a pair of socks…but $12 every month?! You can just go to Target or Walmart and buy a pack of 12 black dress socks for a unit price of $2 or less. If you want something fancier, try Costco‘s Kirkland Signature brand for around $2.50 a pair.
It’s neat to see new startups succeed in today’s market. But I think this is a case of overspending on something you could get for much cheaper!
Read more: Subscription food delivery services are booming, but are they worth the price?
For more money-saving advice, see our Money section.
This post was last modified on March 22, 2017 3:16 pm
If you've been considering signing up for one of the Chase Sapphire credit cards, now…
The costs associated with owning a home go way beyond the amount on the mortgage. …
Inflation hits people on a fixed income the hardest. Say you're retired. You're living off…
Deciding to save and invest are great habits. But once you check that box, your…
If you're considering subscribing to Fubo, you need to be comfortable missing out on some…
Are you looking for a way to earn 2% back on every purchase you make…