Subscribing to streaming services can be a costly endeavor. However, 83% of US households have at least one streaming service subscription.
Some people have two or more active subscriptions at any one time, and the price can add up.
With the ever-growing list of new services, it’s easy to find yourself running low on money when chasing your entertainment needs.
That’s why, in this guide, we’ll take you through some game-changing tips to help you save money but still watch all the shows you love.
Assess Your Current Subscriptions
It can be difficult to keep track of the platforms to which you’re subscribed. You could have an active account that you haven’t used in a while.
Check which apps you’re signed up with, and cancel any you aren’t using.
You should also assess what you’re watching on each platform, as sometimes you can be paying money every month to watch the same show over and over.
Bundle Up for Savings
Some providers offer package deals that allow you to access multiple platforms at a discounted rate.
Explore these options, and ask your service providers if they offer deals such as these.
Share Subscriptions with Friends and Family
Although some streaming services are making it more difficult to share an account, it’s still possible. In addition, many streaming platforms still allow multiple users on a single account.
Split the cost of a single subscription with a friend or family member. This way, you can enjoy your favorite content without paying full price. It also benefits the other person or people involved.
Pause Your Subscriptions
In 2023, about 50 percent of consumers currently subscribed or planned to subscribe to subscription services due to convenience, making it the leading reason to do so worldwide. However, if you get especially busy, then watching TV stops becoming a priority.
When you find yourself consuming less content, consider temporarily pausing your subscriptions.
Many services offer this feature, allowing you to take a break without canceling altogether. It’s a great way to save money during busier periods, but your profile and preferences will often remain in place.
Keep Checking For Promotions and Discounts
Look out for deals offered by streaming services. As of July 2023, Discovery+ emerged as the most cost-effective choice for American video streaming viewers, but this could become even more of a bargain if you signed up using a promotional code or something similar.
Providers often roll out special offers during holidays or promotional events. Spotting and making use of these opportunities can lead to substantial savings, letting you enjoy your favorite shows without paying full price.
Embrace Free Trials Wisely
Free trials can be a fantastic way to test the waters, but make sure you’re not inadvertently signing up for another monthly expense.
Set a reminder to cancel the trial before it converts into a paid subscription if the service doesn’t meet your expectations.
Free trials are great, but they should work for you, not against your budget. If you time your use of a free trial correctly, you could watch an entire season of television in the time it takes for the promotional period to end.
Explore Ad-Supported Options
If you’re open to a few interruptions during your streaming sessions, consider exploring ad-supported versions of streaming services.
Some platforms offer free, ad-supported tiers that grant access to a variety of content. Although you might have to endure a few commercials, the trade-off can be well worth the savings.
Of course, in this case, never compromise the security of your data. If you’re using an app, install a VPN on your phone and protect all your device’s activity against third parties.
Consider Downgrading Video Quality
If you’re willing to compromise on picture quality, you could downgrade the video quality of your streaming services.
Opting for a lower resolution can significantly reduce data usage, saving you money on both your internet bill and any potential overage charges.
With these tips, you can maintain your viewing habits while cutting down on your spending.
Remember, the key is to be aware of your subscriptions, seek out opportunities for discounts, explore budget-friendly options, and share the costs with others.
You can also pause your accounts when needed. By making strategic choices, you’ll be able to enjoy your favorite content guilt-free, all while keeping your finances in check.
My Name is Hazel. I like to write about , finance, Tech, Software’s & more. Other then that i love football & travelling new places.