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It’s not uncommon to receive advice about cutting subscriptions if you need to save a little extra money in your budget. Most financial advisors would say to put money toward retirement planning or padding your emergency fund rather than spending it on underused services.
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Currently, an Amazon Prime membership fee is $14.99 a month or $139 per year. While there is still the opportunity to receive a free trial of Prime, keep in mind you will be automatically charged for the next membership period after your trial period ends.
If you’ve had Amazon Prime for an extended period, it’s worth considering the potential benefits of canceling your plan.
Price Hikes Seem To Be Around Every Corner
At the beginning of 2022, the cost of Amazon Prime was $119 annually. The price increase for Prime membership plans went into effect on Feb. 18, 2022. The increase to $139 was a 15% increase over the previous price and is the current price in 2025.
While there is no confirmed statement regarding another price hike on Prime, Amazon is expected to increase the price of its Prime Membership from $139 annually to $159 by 2026, which may make it time to end your subscription.
You Rarely Shop at Amazon
If you find most of your shopping purchases are made through Amazon, you may be less likely to cancel your membership. This is especially true of households that depend on the free two-day delivery or two-hour grocery delivery services.
However, if you rarely shop at Amazon or your spending habits have changed significantly, you’re not likely to be getting your money’s worth from keeping the membership.
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You’re Not Using the Other Amazon Prime Benefits
Amazon Prime members receive access to Prime Video, Prime Gaming, Prime Music and access to Kindle Owners’ Lending Library. These are all perks of Prime — if you’re using them, of course.
Maybe you subscribe to other streaming services for movies, TV and music. You might have a separate gaming console you love. Or you enjoy visiting the library to check out physical books and e-books. If you find you can easily live without these additional entertainment perks, it may be easier to cancel Amazon Prime.
You Can Get Better Deals Somewhere Else
Some members of Amazon Prime may appreciate the swift way the service provides deliveries of groceries via Amazon Fresh or using the Amazon Pharmacy service. However, savvy shoppers may be focusing on other retailers and supermarkets where they can get even better deals.