The Money PagesIt’s Only $3… Every Month
A small monthly payment adds up over a year.
A made-up club service costs $3 a month. That sounds small. What does a whole year cost?
There are 12 months in a year. $3 × 12 = $36. That's the total if the price stays the same and you keep the service all year.
A recurring cost is a payment that repeats. A subscription is one example. You may keep paying until you cancel it by following its rules.
Before signing up for anything, ask a grown-up to check the price and how to stop paying. A free trial may lead to paid months later.
Money words
Recurring cost
A payment that repeats, such as each month.
A payment that repeats can add up. Check both the price and how often you must pay.
