Gone are the days of boundless free trials and ad-free subscriptions for every tier of subscription memberships. It seems now that every year our favorite subscription services are threatening to increase membership plan prices or strip away benefits previously provided based on your membership tier. Streamers have claimed to be struggling with costs as well as increasing their subscriber base.
Despite people abandoning costly cable-bundles in exchange for cheaper streaming services, now those costlier monthly subscription services are really adding up.
It pays to take a good look at which services you’re subscribed to already, ways you can stop overpaying, and a clear look at the different plans and how they measure up against one another. Let’s check to see which services have gone up and which ones are worth sticking with.
Ways to avoid overpaying for streaming services
According to Nielsen, “Americans streamed 21 million years’ worth of content [in 2023]”, which is a 21% increase from 2022. Add up all of your monthly streaming bills, and you are likely spending more than you are aware of.
99% of U.S. households are subscribed to 1 or more streaming services. On average, Americans are spending around $46 per month on streaming services. Others are paying more and sometimes don’t know it. There is an easy way to get a handle on out-of-control spending on streaming.
MORE: HOW TO PROTECT YOURSELF FROM STREAMING HACKS
Tip #1 – Check for hidden subscription charges
Audit your credit card bill to discover recurring streaming charges. While looking at your bill online, sort by name over a number of months to help recurring charges stand out.
Then check your app store settings for subscriptions you may not be using any longer but are still paying for each month.
How to check iPhone subscriptions
To check recurring app subscriptions on iPhone, start by tapping Settings > tap your name > and tap Subscriptions
How to check Android subscriptions
Settings may vary depending on your Android phone’s manufacturer
To check recurring app subscriptions on Android, Settings > Google > Manage your Google Account > Payments & Subscriptions > Manage purchases, Manage subscriptions, or Manage reservations
How to check Amazon subscriptions
To check recurring subscriptions on Amazon on your smartphone, click your account settings tab after logging into Amazon > then tap Memberships and Subscriptions to see what recurring services are subscribed.
MORE: TIPS TO FOLLOW FROM ONE INCREDIBLY COSTLY CONVERSATION WITH CYBERCROOKS
Tip #2 – Change to a cheaper tier
Over the past year, Netflix just started offering advertising-supported subscriptions at a reduced monthly rate of $6.99 (vs. the ad-free standard tier, which starts at $15.49). Disney Plus costs $7.99 a month for ad-supported streaming (vs $13.99 a month for ad-free playback).
Tip #3 – Start and stop subscriptions
Because most streaming services are month-to-month and offer the ability to cancel at any time, there is no reason not to start and stop your subscription.
Tip #4 – Split and share subscriptions
Most streaming services offer the ability to now add users to subscription plans. When done correctly and with the right people, splitting a subscription can save you money.
Amazon Prime – $139 a year or $14.99 a month subscription – which includes Prime Video, can be shared by two adults at separate addresses.
Apple TV – offers various tiers:
(1) If you buy an Apple device, Apple TV+ is included free for 3 months.
(2) A monthly subscription is just $9.99 per month after a free seven-day trial.
(3) Apple TV+ is included in Apple One, which bundles up to five other Apple services into a single monthly subscription. Apple One plans start at $19.95 per month. You can choose a more premium tier, such as ‘Family’ ($25.95/month) or ‘Premier’ ($37.95/month), which allows you to share an account with up to five people.
(4) The Apple Music Student Plan comes with a free subscription to Apple TV+.
While some services let you share with friends and family who reside outside your home address, other streaming companies, including Disney+, Hulu, Paramount+, Netflix, and Max, require those who share the same plan to live under the same roof.
Netflix – is starting to check subscriber locations in some Latin American countries that could come to the U.S. in the future to enforce shared accounts at different addresses. Netflix started to enforce fees for subscribers sharing the same account, who do not reside in the same address. Netflix, however, does now have subscription levels where you can add users who can sign in with their own username and password, so the account owner doesn’t have to share the master username and password with others. Share the account, not your information.
MORE: BEST STREAMING DEVICES IN 2024
Tip #5 – Bundle and save
Some streaming services like Disney Plus allow you to bundle multiple platforms to save you money. For instance, if you pay for the Disney Bundle Duo Basic for $9.99/month, you get Disney Plus (with ads) and Hulu (with Ads). Separately, each of those subscription levels would cost $7.99/month. That means a saving of $5.99 a month. So, double-check to see if your favorite streaming platforms offer similar bundles for cost savings.
Tip #6 – Purchase the annual subscription
While it sounds counterintuitive, if you know you’ll keep watching a platform for a whole year, it may save you money in the long run to buy the whole year upfront. For instance, Disney Plus allows you to purchase a whole year’s subscription to the Premium tier for $139.99, which breaks down to $11.66/month or a savings of $27.89 (or 2 months free) compared to the monthly subscription of $13.99.
Tip #7 – Free streaming services
If you choose not to purchase a streaming service, there are a bunch of free TV shows and movies available on a variety of platforms. Tubi from Fox Entertainment, Amazon’s Freevee, PlutoTV, and Roku Channel are free channels to watch with ads. Be sure to check out our picks for the best sites to stream free movies, TV shows, and live news in 2024. Some ad-free streaming services like Hoopla and Kanopy let you watch for free with an active library card membership.
MORE: HACKERS LATEST TRICK LOOKS LIKE FREE STREAMING MOVIES
Top Streamer Subscription Cost Chart
In an effort to help you get a bird’s eye view of how much streaming services cost, below is a breakdown of the top streamers and their cost at the time of publishing:
|
Monthly |
Yearly |
|
|
Netflix |
||
|
Standard (w/ Ads) |
$6.99/month |
N/A |
|
Standard |
$15.49/month |
N/A |
|
Premium |
$22.99/month |
N/A |
|
With Ads |
$7.99/month |
N/A |
|
Without Ads |
$17.99/month |
N/A |
|
With Ads |
$14.99/month |
$139.99 |
|
Without Ads |
$16.99/month |
N/A |
|
Without Ads |
$9.99/month |
$99 |
|
Paramount+ Essentials (w/ Ads) |
$5.99/month |
$59.99 |
|
Paramount+ w/ Showtime (w/o Ads) |
$11.99/month |
$119.99 |
|
With Ads |
$9.99/month |
$99.99 |
|
Ad-Free |
$15.99/month |
$149.99 |
|
Ultimate Ad-Free |
$19.99/month |
$199.99 |
|
YouTube |
||
|
Individual |
$13.99/month |
$139.99 |
|
Family |
$22.99/month |
N/A |
|
Student |
$7.99/month |
N/A |
|
Disney+ |
||
|
Disney+ Basic (w/ Ads) |
$7.99/month |
N/A |
|
Disney+ Premium |
$13.99/month |
$139.99 |
Kurt’s key takeaways
Though streaming services are adapting to economic challenges by passing along the burden to the consumer by increasing subscription costs or eliminating some benefits at the base subscription level, these services aren’t going anywhere and are a staple of most American lives. Having good awareness, however, of what you are subscribing to and adopting a savvy strategy could still have you coming up on top.
Has the rising cost of streaming services changed your viewing habits? Are you planning on incorporating any of these cost-saving strategies? Let us know in the comments below.
FOR MORE OF MY TECH TIPS & SECURITY ALERTS, SUBSCRIBE TO MY FREE CYBERGUY REPORT NEWSLETTER HERE
Copyright 2024 CyberGuy.com. All rights reserved. CyberGuy.com articles and content may contain affiliate links that earn a commission when purchases are made.
🛍️ SHOPPING GUIDES:
KIDS | MEN | WOMEN | TEENS | PETS |
FOR THOSE WHO LOVE:
COOKING | COFFEE | TOOLS | TRAVEL | WINE |
DEVICES:
LAPTOPS | TABLETS | PRINTERS | DESKTOPS | MONITORS | EARBUDS | HEADPHONES | KINDLES | SOUNDBARS | KINDLES | DRONES |
ACCESSORIES:
CAR | KITCHEN | LAPTOP | KEYBOARDS | PHONE | TRAVEL | KEEP IT COZY |
PERSONAL GIFTS:
PHOTOBOOKS | DIGITAL PHOTO FRAMES |
SECURITY
ANTIVIRUS | VPN | SECURE EMAIL |
CAN'T GO WRONG WITH THESE:
1 comment