Understanding Your Current Entertainment Spending
Conducting an Entertainment Audit
The first step to watching cheaper is understanding where your money is currently going. Perform an "entertainment audit" by listing all your entertainment-related expenses for the past few months. This includes:
Once you have a clear picture, categorize these expenses to identify areas where you can potentially cut back. Are you paying for services you rarely use? Are there cheaper alternatives available? Identifying Underutilized Subscriptions
It's common to subscribe to multiple streaming services and then forget about them. Scrutinize each subscription to determine its value. Are you actively watching content on all platforms? Be honest with yourself. If you haven't watched anything on a particular service in a month or two, consider cancelling it, at least temporarily. You can always resubscribe later if new content piques your interest. Optimizing Your Streaming Subscriptions to Watch Cheaper
Subscription Bundling
Many companies offer bundled subscriptions that can significantly reduce your overall costs. For example, Disney offers a bundle that includes Disney+, Hulu, and ESPN+ for a discounted price compared to subscribing to each service individually. Look for similar bundles that align with your viewing preferences. Verizon, for instance, often bundles streaming services with their internet packages. Sharing Subscriptions (Legally!)
Most streaming services allow multiple profiles and simultaneous streams. If your family or friends are also interested in the same content, consider sharing a subscription and splitting the cost. Just ensure that this complies with the service's terms of service. Netflix, for example, offers different plans with varying numbers of concurrent streams, allowing you to choose the option that best suits your needs. Switching to Lower Tiers
Many streaming services offer different subscription tiers with varying features and prices. For example, some services offer ad-supported tiers that are cheaper than ad-free tiers. Consider whether you're willing to tolerate ads in exchange for a lower monthly cost. Also, evaluate if you truly need the highest resolution video quality. Downgrading from 4K to HD can save you money without significantly impacting your viewing experience, especially if you're watching on a smaller screen. Rotating Subscriptions
Instead of maintaining several subscriptions year-round, consider rotating them. Subscribe to one service for a few months, binge-watch the content you're interested in, then cancel and switch to another service. This strategy allows you to access a wide range of content without incurring the cost of multiple subscriptions simultaneously. Keep a watchlist to track content on different platforms and rotate accordingly. Leveraging Free Content to Watch Cheaper
Free Streaming Services
Several free streaming services offer a wide selection of movies and TV shows. These services typically generate revenue through advertising. Popular options include:
Local Libraries
Your local library is a treasure trove of free entertainment. Libraries offer free access to DVDs, Blu-rays, and even streaming services like Kanopy, which features a curated collection of independent and classic films. Many libraries also offer free access to e-books and audiobooks, providing alternative forms of entertainment. Over-the-Air (OTA) TV
Using an antenna, you can access free over-the-air TV channels in your area. These channels typically include major networks like ABC, CBS, NBC, and Fox. The picture quality is often excellent, and you'll get local news and programming as well. Check antennaweb.org to see which channels are available in your area. YouTube and Other Free Video Platforms
YouTube is a vast repository of free content, including movies, TV shows, documentaries, and user-generated content. While the selection may not be as curated as paid streaming services, you can find a surprisingly wide range of entertainment options. Platforms like Vimeo also offer free video content. Alternative Viewing Methods to Watch Cheaper
Waiting for Releases on Physical Media or Rental Services
Instead of rushing to see movies in theaters, consider waiting for them to be released on DVD, Blu-ray, or rental services like Redbox or Amazon Prime Video (for rentals). This is generally much cheaper than buying multiple movie tickets. Borrowing from Friends and Family
If you have friends or family who own movies or TV shows on DVD or Blu-ray, consider borrowing them. This is a free way to access content without subscribing to a streaming service or purchasing physical media. Free Trials and Promotional Offers
Keep an eye out for free trials and promotional offers from streaming services. Many services offer free trials to new subscribers, allowing you to test out the platform before committing to a subscription. Take advantage of these offers to access content for free. Also, check for promotions where companies bundle streaming services with other products or services (e.g., free streaming with purchase of a new TV). Budgeting and Tracking Your Entertainment Expenses
Creating a Dedicated Entertainment Budget
Allocate a specific amount of money each month for entertainment expenses. This will help you stay within your financial limits and avoid overspending. Track your spending regularly to ensure you're staying on budget. Using Budgeting Apps and Tools
Utilize budgeting apps and tools to track your entertainment expenses and identify areas where you can cut back. Many apps allow you to categorize your spending and set alerts when you're approaching your budget limit. Mint, YNAB (You Need a Budget), and Personal Capital are popular options. Negotiating Cable and Internet Bills
Calling Your Provider to Negotiate
Contact your cable and internet provider to negotiate a lower rate. Often, simply threatening to switch to a competitor can result in a better deal. Research competitor pricing beforehand to strengthen your bargaining position. Shopping Around for Better Deals
Compare prices from different cable and internet providers in your area. Switching providers can often result in significant savings. Be sure to factor in any installation fees or early termination fees when making your decision. Cutting the Cord Entirely
Consider cutting the cord entirely and relying solely on streaming services and over-the-air TV. This can save you a substantial amount of money each month, especially if you're currently paying for a large cable package with channels you don't watch. Combine a reliable internet connection with a streaming device like a Roku, Amazon Fire TV, or Apple TV for a complete entertainment solution. FAQ - Frequently Asked Questions About Watching Cheaper