If you have a large portfolio of domain names, consider using a domain management service to keep track of active and unused domains. If you don't use the domains, you may need help to manage varying renewal dates and policies or you can end up with auto-renewals for domains you no longer want.
One domain name registrar is known for adding on services when renewing inactive domains, leaving the domain name owner with a large, unexpected bill. They sell 99 cent domains and budding entrepreneurs scoop them up and then forget about them. The domains renew at the full price, sometimes for several years.
There are domain management tools available online which make it easy to keep track of multiple domains and managing multiple registrars. Registrars often have tools for managing domains available for their customers, however, if you have domains bought from multiple registrars, it can become confusing. Domain management also helps you keep track of the host you are using and the name servers.
Domain management tools are popular with affiliate marketers who need to have multiple websites active to keep a steady stream of income coming in. Having a domain expire unexpectedly would be a problem.
Sometimes, people believe they need multiple domains with all the possible spellings so they don't lose visitors who type their name in incorrectly to competitors. If friends and family have trouble spelling a domain name, then this is probably a good idea. Direct the domain to your correct domain. If not, it is just an extra expense. Most visitors will either click on a link in the SERPs or use a bookmark to visit a website.
Domain management tools help people manage their own domains instead of having their web designer take care of everything. Always control your own domains; the company could go out of business and you'll be stuck not knowing how to login and renew your domain name. For more information click here https://www.reddit.com/r/web_design/comments/blarwq/godaddy_charged_for_a_cancelled_domain_refused/.