Dollar Saver Tip #16
Most of us pay for more streaming and other media subscriptions than we fully use.
Richard here, Finder money editor. I watch a lot of Netflix, but I think it's time I switched. And I'm not the only one.
The average Australian household pays for 3.1 subscription services, spending $62 a month, according to Deloitte.
But being strategic about your subscriptions can save you quite a bit.
Did you know?
Finder research shows 44% of Australians freeload – or share, if you prefer – a streaming subscription from someone else. Nothing beats free!
If you planned your viewing, you could get through everything you want to watch on one platform then switch to another. Rinse and repeat.
Let's say you spend about the Australian average and have 4 subscriptions:
- Spotify premium duo: $15.99.
- Netflix standard plan: $16.99.
- Binge standard plan: $16.
- Disney+: $13.99.
- Total = $62.97 a month.
If you stuck with Spotify and Binge but dropped Netflix and Disney+ you'd save over $30 a month. That's $371 a year.
To make this easier:
- Work out which shows you want to watch per platform.
- Watch everything on one service before moving on.
- Set up reminders in your calendar to switch before a new billing cycle.
- A password manager makes it easier to log into each service to cancel and resubscribe.
It's a little bit of effort, but you'll save money and get more out of everything you pay for.