Feeling overwhelmed by too many subscriptions? You’re not alone!
Let’s face it—subscription fatigue is real, and it's got Aussies feeling a bit fed up, stressed out, and exhausted from managing a zillion different services.
More and more millennials are embracing the “less is more” vibe and looking for ways to simplify their lives. To dig a little deeper into subscription fatigue, Frank Health Insurance surveyed Aussies to find out how millennials are handling all these monthly payments.
The results? Over half (55%) are juggling between 4 to 10 subscriptions each month! And they’re doing it with everything from mental notes to spreadsheets to random bank transactions—no wonder things are slipping through the cracks! In fact, two-thirds admitted they have subscriptions they totally forgot about, and more than half confessed they’ve had "surprise" charges for stuff they’re not even using anymore.
One millennial summed it up perfectly: “Every time I find an old subscription still hitting my credit card, I get so annoyed. I should have cancelled it ages ago—I’m kicking myself for wasting that money every month!”
Nick Ilievski, the Brand Manager at Frank Health Insurance, gets it.
“With so many subscriptions stacking up, it can really take a toll on your wallet. It’s no wonder people are rethinking what they actually value.”
By choosing meaningful subscriptions like health insurance, you can look after your long-term health and maybe save some serious cash and time along the way.
“As they say, time and health are priceless,” says Nick. “We know millennials are all about cutting back to the essentials—fewer subscriptions that actually bring value, simplicity, and peace of mind.”
Frank Health Insurance is right up that alley—affordable, convenient, and easy. Choose your cover, from hospital to extras, or both, and manage your payment frequency however you like—weekly, fortnightly, monthly, quarterly, half-yearly, or even annually. No more guessing games!
Frank also offers a slick online experience, a user-friendly app, and a local call centre that’s all about personalised support. “Basically, it’s a subscription you’ll actually want to keep,” Nick added.
We crunched the numbers:
45% of people surveyed find managing multiple subscriptions extremely overwhelming.
66% of people surveyed have forgotten about a subscription and realised they were still paying for it.
56% of people surveyed said they found managing their private health insurance easy.
The top three life admin tasks respondents find most challenging were: managing finances, completing their taxes and home maintenance.
Freedom limit, flex it your way
Because sometimes your needs might change a little, you have a $500 freedom limit to claim on your 7 included extras services.
And the longer you're with us, the more you can claim.
Get an extra $50 to claim on your freedom limit each full calendar year, with a maximum of $200 after 4 years of continual cover.
Freedom limit, flex it your way
Because sometimes your needs might change a little, you have a $700 freedom limit to claim on your 11 included extras services.
Plus an additional Optical limit. You can claim 100% back on optical up to your $150 annual limit.
And the longer you're with us, the more you can claim.
Get an extra $100 to claim on your freedom limit (excludes optical) each full calendar year, with a maximum of $400 after 4 years of continual cover. Your loyalty benefit will be available on 1 January after you've completed one full membership year.