Easy way everyone with an iPhone can save money immediately

The worsening Cost of Living crisis is continuing to put a stranglehold on people's finances and as we approach the new tax year, things may only get tougher.

However, one way you can take more control of your finances is by eliminating any subscriptions or streaming services you no longer use. Many have already caught onto this, with analysts at Kantar last month reporting the number of streaming subscriptions had fallen by two million.

According to the reports, subscriptions went from 30.5 million to 28.5 million, all while inflation remains at a shocking 10.4 per cent. If you're an Apple iPhone user, there is an extremely easy way you can see which apps and services are draining your money, the Mirror reports.

Read more: DWP payment dates for April - including benefits, pensions and Cost of Living bonuses

In order to check what subscriptions are coming out of your account, head to the 'settings' section of your iPhone then press on your 'Apple ID' at the top of the screen. From this page, you will want to tap on 'subscriptions' - the page will then reveal all the apps that you are spending money on each month.

By clicking on each individual subscription, you can cancel the payments free of charge. It's important to note that if you paid a year upfront and want to cancel your subscription early, then you're right to a refund will be dependant on the app or service's terms and conditions.

Similarly, Apple states that "some purchases from the App Store, iTunes Store, Apple Books or other Apple services" may be eligible for a refund. If you want to seek a refund, sign in to reportaproblem.apple.com, click on "I'd like to", then choose "Request a refund".

You can also check other subscriptions you've signed up to by