Finance

This streaming strategy could save you $500 or more per year

A young woman watches television in a dark room.

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Instead of paying for all your favorite streaming apps at once, rotate them to keep your spending in check.


Key points

  • Mating services are fun, but they come at a price.
  • You might be paying for streaming apps you don’t use, which is a waste of money.
  • You can save $500 or more a year by rotating your streaming services instead of paying for them all year.

Streaming apps are fun, but they’re an extra expense that you’ll need to put into your monthly budget. Many households subscribe to multiple streaming platforms at the same time. But that doesn’t mean they all use them. It can be easy to forget to use all the streaming services you’ve subscribed to, which could mean wasting your hard-earned money. Find out how this streaming strategy could help you save $500 or more a year.

Streaming apps can make entertainment cheaper

Many of us watch TV shows, movies and documentaries in our spare time. With the rise of streaming services, it’s easier than ever to access new and old content from the comfort of your own home. Streaming apps can also be cheaper than other forms of entertainment, such as theme parks and live performances.

However, they cost money, and these extra charges can quickly reduce your checking account balance. It’s a good idea to periodically review your streaming service usage to make sure you’re staying within budget. You may be paying for apps you don’t use often or at all. If this is the case, you may want to make some changes.

Rotate your streaming service subscriptions to spend less money

One simple way to keep your spending under control is to rotate your streaming services. Instead of investing in three or four services a year, pay for just one or two at a time. When you’re ready to try another service, you can pause or cancel one of the other services. This can allow you to watch shows and movies on different services without spending a lot of money.

How to save $500 or more every year

Do you want to cut back on spending and stop paying for streaming apps you don’t use? Implementing this streaming strategy can lead to significant savings. First, we’ll show you the annual costs of paying for four popular streaming apps at once:

Streaming service

Annual cost

Netflix Premium ($19.99 per month)

$239.88

Hulu Ad Free ($14.99/month)

$179.88

Apple TV + ($6.99 per month)

$83.88

HBO Max Ad-Free ($14.99 per month)

$179.88

Total annual costs

$683.52

By subscribing to each of these services once every three months, you can cut down on spending without sacrificing fun. This strategy also allows you to maximize the content you consume from each service. How much could you save by doing this? Here’s a cost breakdown to better illustrate the savings potential:

Streaming service

Total quarterly cost

Netflix Premium ($19.99 per month)

$59.97

Hulu Ad Free ($14.99/month)

$44.97

Apple TV + ($6.99 per month)

$20.97

HBO Max Ad-Free ($14.99 per month)

$44.97

Total annual costs

$170.88

If you do this instead, you’ll save $512.64 over the course of the year. The savings could be even greater if you subscribe to multiple services. Being able to stash away an extra $500 in a high-yield savings account can help you prepare for unexpected future expenses.

You don’t have to subscribe to all services at once

If you’re not paying close attention, you might be paying too much for streaming services. You can access quality entertainment and stay on budget by rotating your subscriptions. Consider trying this or a similar strategy to see if it works well for you and your family. For additional money management tips, check out these personal finance resources.

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