In the early days of streaming, services like Netflix and Hulu were presented as more affordable alternatives to traditional cable. As new services have been introduced such as HBO Max, Paramount Plus, Disney Plus, and more, it is easy to end up paying more for streaming than you would for normal cable and live TV. With services like Netflix constantly raising prices, some consumers are wondering whether it is still worth it to stream movies and shows; whether you are a stay at home mom or a top physician at a clinic like Thrive MD, it can be difficult to justify paying for streaming services that just keep raising prices. Fortunately, it is still possible to save money on streaming – for now.
Keep reading for 3 simple ways to save money on your favorite streaming services.
Plan Subscriptions Accordingly
Many services allow you to cancel your subscriptions and resume them whenever you want. Since TV shows that are original to each platform usually make viewers wait a year or more in between new seasons, it’s easy to plan your subscriptions around the shows you want to watch and when they will be available, and cancel your subscription/stop paying in the meantime.
While ads can be annoying and it can be tempting to choose a streaming plan that will allow you to avoid them entirely, most streaming platforms such as Hulu offer a basic plan which includes ads for roughly $10-15 cheaper than premium or ad-free options. Ads might be inconvenient, but sitting through them can be worth it if it means saving money while still having access to your favorite shows.
While it is technically against many streaming platforms’ terms to share accounts with users who are not paying, it can still be done. Paying more for premium streaming plans means being allowed to add multiple user accounts to your profiles, and can end up being cheaper if divided amongst them. For example, a $20 premium subscription to Netflix allows you to add up to 5 users – if shared with family and friends who are splitting the cost, the subscription would cost you only $4 a month.
Streaming services can save money on TV and cable subscriptions, but these days, it can be difficult. Use these 3 simple tips to save money on streaming services each month, and your bank account will thank you.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.