Whenever you purchase a product at Godaddy including domain names the Auto renew option for that particular product is turned ON by default. I hate the fact Godaddy by default keeps this option ON. Lets say you bought a product or domain name at Godaddy for quick flipping or without the intention of renewing this product, you are safe if you turn OFF the Auto renew option. Most of the times when this product or domain name hits close to the renewal period, Godaddy sends you reminder mails. Lets say you were on vacation or worst case this reminder mail got burried in your spam folder, they will automatically renew all the products or domain names if the Auto renew option is ON. Especially if you have a huge list of domains for renewals at the same time you could be taken for a ride. I have been there and wanted to share this tip with my LazyDomaining readers.
For this reason, i suggest you to go through the auto renew option setting whenever you purchase a product or domain name at Godaddy and make the necessary setting changes.