How to Cancel Facebook
Subscription in Few Steps
Need to cancel your Facebook subscription? Learn how to do it in a few easy steps and manage your finances effectively.
Facebook is one of the most well-known social networking sites in the digital world. According to Statista, this platform now has 2.9 billion active users. Quitting Facebook or switching to another social media platform would require you to cancel your Facebook subscription. Follow this blog to learn about subscription methods and more!
Methods of Cancellation
Cancel via website
Step 1
Log into your Facebook account.
Step 2
Under the ‘Settings & Privacy’ option, click on ‘Settings’.
Step 3
Click ‘See More’ in the Account Center after reaching the setting.
Step 4
In the Account Center, locate the ‘Manage subscription’ option.
Step 5
Choose the payment method.
Step 6
Finally, tap on the ‘Stop Renewal’ button.
Cancel via app
Step 1
Open the Facebook app and click the Menu icon.
Step 2
Next, you need to tap the Settings.
Step 4
Tap on Payments and then the Cancel Subscription option.
Step 5
Confirm that you want to cancel the subscription.
Facebook Refund Policy
Facebook Refunds differ depending on what you bought or subscribed to. Facebook Premium subscriptions cannot be refunded. When you pay, it is final, and nothing else can be done about it. However, there are occasions when the company might entertain refund requests, like in cases of unauthorized transactions. Still, these will have to be handled on a case-by-case basis.
How Much Can You Save After Canceling Your Facebook Subscription
The savings from canceling a Facebook subscription can vary significantly based on the type and frequency of your subscription. In most cases, subscription prices range between $4.99 and $29.99 per month, so you can save around $60 to $360 yearly.
Where to Invest That Amount
You can put the saved money in a savings account and earn high interest.
If you want higher returns, consider investing in blue chip stocks or exchange-traded funds (ETFs).
Save in a 529 plan if you have children or desire to fund future education fees.
Alternatives to Facebook
Twitter provides a platform for short and precise interactions, ideal for real-time updates and trending topics.
Instagram, owned by Facebook, focuses mostly on photo sharing and video; hence, it’s popular with visual content creators.
Reddit is best for community-based discussions and a wide range of topics. This platform has numerous forums that appeal to various interests.
Conclusion
You can save the money you earn by canceling your Facebook subscription and using it for something else. If you are having a hard time figuring out how to go about it, try Beem. The Super App will help manage your finances better. You can find options for identity theft insurance, personal loans, payments, credit monitoring, etc.
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