- Quick Summary
- Assess Your Streaming Habits
- Service Hop
- Consolidate Streaming Service Payments to Save Money
- Go with a Cheaper Ad Supported Plan
- Keep a List of all Your Streaming Services
- Stream Shows for Free
- Bundle Multiple Services Together
- Share Logins
- Go Directly to Live TV Streaming Services
- Use the 30-Day Trial
- Take Advantage of Promotions and Discounts
- Monitor and Adjust Your Streaming Costs
- Pick a Default or Go-to
- Conclusion
- Quick Summary
- Assess Your Streaming Habits
- Service Hop
- Consolidate Streaming Service Payments to Save Money
- Go with a Cheaper Ad Supported Plan
- Keep a List of all Your Streaming Services
- Stream Shows for Free
- Bundle Multiple Services Together
- Share Logins
- Go Directly to Live TV Streaming Services
- Use the 30-Day Trial
- Take Advantage of Promotions and Discounts
- Monitor and Adjust Your Streaming Costs
- Pick a Default or Go-to
- Conclusion
If you're using several streaming services, your monthly cost could be sky-high. They add up fast. It's wise to reevaluate your streaming choices and see what you can do to cut costs. Here are ten simple ways to cut your streaming subscriptions in half.
1. Assess Your Streaming Habits
Understanding your streaming habits is a crucial step in determining the best streaming services for you. Take a closer look at your viewing patterns and identify the types of content you watch most often. Do you prefer movies, TV shows, or a mix of both? Are you interested in live TV or on-demand content? Do you have a favorite genre, such as sports, comedy, or drama? By understanding your streaming habits, you can narrow down your options and choose the streaming services that best fit your needs.
Consider keeping a log of the shows and movies you watch over a period of time to get a better understanding of your viewing habits. You can also ask yourself questions like:
- What type of content do I watch most often?
- Do I prefer live TV or on-demand content?
- Are there any specific genres or channels that I’m interested in?
- How many hours do I spend watching TV per week?
- Do I need to watch it on my phone or tablet?
By answering these questions, you can get a better understanding of your streaming habits and make informed decisions when choosing streaming services. This way, you can ensure that you’re only paying for the services that you truly use and enjoy.
2. Service Hop
Subscribe to a service, then binge on all the shows you want to watch. Once you’ve done that, cancel the service. Keep an eye out for shows you want to watch and choose your service accordingly. Apps like JustWatch will give you a heads-up as to which service has what you want, helping you find the best streaming service based on your preferences and budget.
3. Consolidate Streaming Service Payments to Save Money
Move all your streaming services payments to one credit or debit card. It's hard to see how much you're paying when they're spread among different cards. But when they all hit at once on your credit card, you'll start thinking about cutting back.
4. Go with a Cheaper Ad Supported Plan
Does it really matter if you have to watch ads? There’s a big difference between ads and ad free streaming services. Disney+ Premium is $13.99 per month and will increase to $15.99 in October 2024. At the same time, their ad-free tier is $7.99 and will increase to $9.99 in October. That’s a five-dollar saving. A savings that equates to money in your pocket.
5. Keep a List of all Your Streaming Services
List all your services, including cable if you have it. If you have cable, decide whether or not you really need it. That could be a substantial savings. List your streaming services on a piece of paper. Once you really know what you have, determine which ones you use the most. Can you justify the cost of each one, especially if you are paying for an ad free plan compared to an ad-supported plan? If you haven’t used one in a while, maybe it’s time to let it go.
6. Stream Shows for Free
Cable TV can be a significant household entertainment expense, but many movies and shows are streaming for free. They may not be current, but they’re old favorites. Try streaming services like Pluto TV, Amazon Freevee, The Roku Channel, and Tubi. If you want to save money, cut out a few streaming services and use the free ones.
7. Bundle Multiple Services Together
Combining streaming services like Disney+, Hulu and ESPN+ for $15 per month (with ads). Verizon customers can get a Netflix/Max package. It’ll run you $10 monthly. Keep an eye out, many of these streaming services are forming partnerships. That should give you more options.
9. Go Directly to Live TV Streaming Services
You can sign up for a network like NBC. They have Peacock, where you get your favorite shows the day after they air. It's only six dollars a month. Or go for the premium service for $12 a month. You'll get local news, weather and NBC news. CBS has Paramount+ with the same pricing. Besides the network shows, you'll receive some stream-only shows.
10. Use the 30-Day Trial
Most streaming services give you a free 30-day trial. Take advantage of it. Sign up for services and cancel them before the trial is over. Make sure you cancel or you could have an unexpected charge on your credit or debit card.
Additionally, consider streaming bundles that include a wide range of live sports channels, such as Fox Sports, which is featured in the upcoming Venu Sports bundle alongside other major sports networks.
11. Take Advantage of Promotions and Discounts
Streaming services often offer promotions and discounts to attract new customers and retain existing ones. These promotions can be a great way to save money on your streaming services. Here are some ways to take advantage of streaming service promotions and discounts:
- Look for free trials: Many streaming services offer free trials that allow you to test their service before committing to a paid plan.
- Check for discounts: Keep an eye on the streaming service’s website and social media pages for discounts and promo codes.
- Use cash-back apps: Cash-back apps like Rakuten and Ebates offer cash-back rewards on streaming service subscriptions.
- Take advantage of student discounts: Some streaming services offer discounts for students, so be sure to check if you’re eligible.
- Use bundle deals: Some streaming services offer bundle deals that include multiple services at a discounted rate.
Some popular streaming service promotions and discounts include:
- Netflix’s free trial offer
- Hulu’s ad-supported plan discount
- Amazon Prime Video’s student discount
- Disney+’s bundle deal with Hulu and ESPN+
By taking advantage of these promotions and discounts, you can save money on your streaming services and get the best value for your money.
12. Monitor and Adjust Your Streaming Costs
Monitoring and adjusting your streaming costs is essential to ensure that you’re not overspending on streaming services. Here are some tips to help you monitor and adjust your streaming costs:
- Track your spending: Keep track of how much you’re spending on streaming services each month.
- Review your subscriptions: Regularly review your streaming service subscriptions to ensure that you’re using them regularly.
- Cancel unused subscriptions: Cancel any streaming service subscriptions that you’re not using regularly.
- Adjust your plan: If you find that you’re not using a particular streaming service as much as you thought, consider downgrading to a lower-cost plan.
- Use streaming service calculators: Use online calculators to compare the costs of different streaming services and find the best option for your budget.
Some popular tools for monitoring and adjusting streaming costs include:
- Streaming service calculators like the one offered by NerdWallet
- Budgeting apps like Mint and Personal Capital
- Spreadsheets like Google Sheets or Microsoft Excel
By monitoring and adjusting your streaming costs, you can ensure that you’re getting the best value for your money and staying within your budget. This way, you can enjoy your favorite shows and movies without breaking the bank.
13. Pick a Default or Go-to
Find one or two must-have services that are your default and rotate them according to what you watch. Supplement them periodically with other services that have programs you want to watch once in a while.
Conclusion
Saving on streaming only takes a little planning. If you take advantage of free trials and hopping, you can watch what you want when you want while keeping an eye on your paid services to avoid unnecessary expenses.