In an age where entertainment options are easily accessible, TV and streaming services have become staples in most households. However, with so many choices, it’s easy to find yourself juggling multiple subscriptions and paying more than you’d like. Here are some practical tips to help you save money while still enjoying your favourite shows and films.
Audit Your Current Subscriptions
Start by reviewing all your current subscriptions. You may find that you’re paying for services you rarely use or even forgot you had. Make a list of all the services you’re subscribed to and how much they cost per month. Ask yourself:
- Do I use this service often enough to justify the cost?
- Are there specific shows or films I watch on this platform?
- Could I replace this with a cheaper (or even free) alternative?
Cancelling unused subscriptions can immediately free up cash for other priorities.
Take Advantage of Free Trials
Most streaming platforms offer free trials for new users, typically ranging from 7 to 30 days. We have a detailed list of free trial offers that are well worth checking out. If there’s a particular show or film you’re eager to watch, consider signing up for a trial and cancelling before the trial period ends. Be sure to set a reminder to avoid being charged once the trial converts to a paid subscription.
You can also rotate between free trials on different platforms, allowing you to enjoy diverse content without overlapping costs.
Rotate Subscriptions
Instead of subscribing to multiple services simultaneously, consider adopting a rotation strategy. For example, subscribe to one platform for a month or two, binge-watch the content you’re interested in, and then cancel. Move on to another service and repeat the process. This way, you’re only paying for one service at a time, reducing your overall expenses.
Share Accounts Responsibly
Many streaming platforms allow multiple profiles or simultaneous streams on a single account. If you have trusted friends or family members, consider sharing subscriptions and splitting the cost. For instance, Netflix, Disney+, and Amazon Prime Video often offer multi-user options, which can be a cost-effective way to enjoy premium content.
Be sure to check the platform’s terms of service and only share with individuals within your household or close circle to avoid breaching any agreements.
Downgrade Your Plan
Streaming services often offer different tiers of subscription plans. You might be paying for premium features like ultra-high-definition (UHD) or ad-free viewing that you don’t necessarily need. Check if a lower-tier plan meets your requirements. For example, switching from a 4K plan to a standard definition plan could save you a significant amount each month.
Bundle Services
Many providers offer bundle deals that combine multiple services at a discounted rate. For example, some telecom companies include streaming subscriptions as part of their broadband or mobile phone packages. Similarly, platforms like Disney+ often bundle with Star in the UK or Hulu and ESPN+ in the U.S. Compare these bundles to see if they offer better value than paying for each service separately.
Use Free Streaming Services
Don’t overlook free streaming platforms. Services like BBC iPlayer, All 4, and ITVX in the UK offer a wealth of content at no cost, supported by adverts. You can also explore international platforms with free access, such as YouTube or Pluto TV, which feature both live channels and on-demand options.
Wait for Promotions and Discounts
Keep an eye out for seasonal promotions and discounts. Many streaming services offer deals around Black Friday, Cyber Monday, or holiday seasons. You can also find discounts through student offers, cashback sites, or loyalty programmes from your bank or retailer. Signing up during these periods can significantly reduce your costs.
Monitor Your Viewing Habits
Do you find yourself watching the same shows repeatedly or using a service only for its most popular series? If so, consider buying individual episodes or seasons instead of subscribing. Platforms like Amazon and iTunes often allow you to purchase content outright, which might be cheaper in the long run.
Set a Budget and Stick to It
Establish a monthly budget for entertainment and make sure your subscriptions fit within that amount. By setting clear limits, you’ll be less tempted to sign up for unnecessary services. Use budgeting apps to track your expenses and receive alerts if you’re nearing your limit.
Cancel and Rejoin as Needed
Streaming services make it easy to cancel and re-subscribe without penalties. If a platform’s offerings don’t appeal to you in a given month, cancel and come back when there’s something you want to watch. This flexibility can help you manage costs effectively.
Evaluate Alternatives to Streaming
Don’t forget about traditional TV, DVDs, or local libraries. Many libraries offer free access to films and TV series on physical media or through digital lending services. This can be a cost-effective way to enjoy entertainment without recurring expenses.
Summary
Saving money on TV and streaming services doesn’t mean sacrificing quality entertainment. By auditing your subscriptions, taking advantage of free options, and adopting a strategic approach, you can enjoy your favourite shows and films while keeping your budget in check. Start implementing these tips today and watch your savings grow!