The six best methods to save money on your streaming services subscriptions are:
- Opt in for a cheaper subscription plan.
- Seek out bundle deals.
- Collaborate families to subscribe.
- Seek out for discounts or promotions.
- Deactivate the subscriptions you’re not using.
- Opt in for ad-supported subscription plans. They’re the cheapest.
Many streaming services usually entice their subscribers with too many exclusive (attractive) options. Meanwhile, as long as you keep paying for the options, so do costs keep adding up.
Nevertheless, we’ve come up with easy ways to manage your finances on streaming platforms. So, whether you’re hooked on Netflix, a Disney+ devotee, or can’t go a day without Spotify, there are savvy ways to enjoy your favorite content without stretching your budget.
Best ways to save money on streaming subscriptions
1. Subscribe to cheaper plan
Considering a cheaper subscription will eventually save you more money. Almost all streaming platforms have ranges of plans for streamers. The plans usually range from the lowest services, which incur a cheaper cost, to the highest services, which incur a pricey cost.
Instead of opting in for a standard or premium subscription plan, you can literally opt in to the basic plan, which is the cheapest and sometimes can contain digital advertisements.
In essence, it’s important to compare your streaming service subscription plans with your actual usage, evaluate your needs, and consider downgrading to save money while still getting what you need.
2. Look for bundled deals
Bundled deals simply mean purchasing or subscribing to a service that comprises two or more services. So, bundling your streaming services with other subscription services is another option to cut costs.
Companies like Amazon give customers access to Prime Video, Music Prime, Music Unlimited, Prime Gaming, and Amazon Photos in one package. More so, Disney+ also offers bundles with Hulu and ESPN+. These bundled packages incur lower prices compared to purchasing the services one by one.
3. Collaborate with Family Members
Another way to cut the cost of streaming services is to join hands with other family members to purchase a subscription. In fact, contributing money together can get you the highest subscription plan.
Imagine a family of four decided to purchase the premium plan of Netflix, which costs $22.99/month in the United States. They will need to contribute $5.75/month, spending less than the basic price of $6.99 per person.
In essence, collaborating with families to purchase a streaming service subscription makes you spend less and enjoy better features like 4K Ultra HD streaming and the ability to watch on multiple devices, which are not available on the basic plan.
4. Get discounts or promotions
Streaming services like HBO MAX run special promotions and offer discounts to new users and long-unsubscribed users. In addition, the streaming service also provides a free trial, which is usable for the first month.
As a new user or unsubscribed user, seeking out discounts and promotions are better ways to cut the cost of subscription service fees. Furthermore, you can also get discounts on your subscription if you have a coupon code.
5. Cancel all subscriptions you’re not using
For instance, you’re not a football fan and you opt-in to sport on a premium plan. If the sports channels are not useful, you can easily opt out of them.
In many cases, you may not easily find out, but all you need to do is take time to review your streaming subscriptions and ask yourself when you last used each service. Doing that, you will know which one deserves to be cancelled.
6. Subscribe to Ad-supported plan
If you don’t mind watching some ads before streaming, in the middle of streaming, and at the end of streaming before you proceed to next content, then you can subscribe to ad-supported services.
Most streaming platforms offer an ad-supported plan, usually their lowest price plan. Opting in to this subscription plan will eventually cut costs and save you more money on your streaming subscription services.
