Experts have revealed ways to save money on streaming services without canceling all subscriptions.
With the cost of living crisis on our minds, many of us are looking at where we can save. Streaming services like Netflix or Disney+ don’t come cheap, but with smarter thinking, there are ways to save. Consumer Experts Which? have come up with some handy hacks.
Subscription sharing is an easy way to split costs between users – although some services actually take care of that, such as B. Spotify’s Duo plan. Priced at £13.99 a month, it would save £71.88 a year compared to two individual subscriptions.
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Premium family plans are also available, allowing up to six users to get premium benefits for £16.99 a month – saving a whopping £515.40 a year instead of six separate subscriptions, the Mirror reports. Amazon Prime benefits can also be shared with someone else in your house, cutting the fee in half.
Rotating the subscriptions you use each month can help make many of us less likely to use each service each month. This method might be too cumbersome for some — but it might well be worth it, especially since Netflix, Disney+, Amazon Prime, and Now TV allow you to cancel monthly subscriptions at any time with no exit fee.
Scheduled rotations based on when you know your favorite shows are coming out on each platform could work in your favor. Annual subscription to Disney+ and Netflix on monthly installments costs £227.76. But if you switch months instead, you’ll only pay £113.88 a year for six months of Disney+ and six months of Netflix instead.
Free trials are definitely one that you can make the most of. These are offered by Spotify and YouTube Premium, as well as free alternatives like All 4, ITV Hub, BBC iPlayer and My 5.
The Consumer Champion suggests potentially downgrading your plan if you’re not using the full service or some ads aren’t bothering you. Netflix’s recently announced plans to launch a cheaper ad-supported subscription – which is expected to be up and running by the end of the year – could be a good option for those looking to cut costs.
Many may not know that Netflix actually offers a basic plan where you can only watch it on one screen at a time. This is £4 a month cheaper than the standard subscription, while Amazon Prime also offers a similar basic membership for £5.99 a month just for streaming shows minus the other Prime benefits.
Finally, if you’re really keen on keeping your streaming sites, which ones? suggests buying the subscription on a yearly basis instead of opting for the monthly cost. This is a mental barrier that many of us have to overcome — yes, it can feel like you’re about to spend a lot of money at once (that’s because you are), but that “big buy” can often result in a decent one lead savings.
Disney+ costs £79.90 per year, a saving of £15.98 compared to the monthly plan, while a year of Amazon Prime costs £79, which would save £16.88 instead of paying monthly.