Cancel Unused Subscriptions, Check Your Credit Report, and Switch Debt to Save in 15 Minutes

Cancelling unused subscriptions can reduce monthly expenses and lower fraud risk. Kara Gammell, a personal finance expert at MoneySuperMarket, suggests searching your inbox for phrases like “trial ending” or “renewal” to identify forgotten subscriptions. These payments may be draining your budget without you realizing it. Removing them not only saves money but also reduces the number of accounts holding your personal data, which in turn lowers your exposure to identity theft.

Checking your credit report is the second step in the 15-minute financial clean. A free credit report reveals active accounts, errors, or financial links to former flatmates or partners. Spotting and closing unnecessary accounts or correcting inaccuracies helps protect your credit profile, which is crucial for future financial moves like applying for a mortgage or loan.

The final step is tackling debt by switching to a 0% interest balance transfer card. Moving debt to such a card stops interest charges for a set period, allowing more of each payment to go toward reducing the principal. Gammell notes that eligibility checks for these cards typically use a “soft search,” which does not affect your credit score. This makes it a low-risk way to start reducing debt faster.