It may be time to rethink your approach to entertainment.
- Streaming services can be a more affordable alternative to cable.
- It may be time to cancel one or more of these services if you’re wasting them or struggling with bills.
Whether you use them instead of cable or in addition, streaming services can be a great source of entertainment. And since many come at a reasonable price, it’s pretty easy to justify their cost.
But there may come a time when it’s time to dump a streaming service or two. Here are three signs that you have too many subscriptions.
1. You pay for services you rarely use
It’s one thing to pay for many streaming services that you use frequently. But if you’re paying for services you barely use, you may be wasting your money.
Make a list of your favorite shows or the ones you watch most often. Next, determine which streaming services they are connected to. You may find that you can easily get rid of a service and still end up with a lot of content to access.
2. There are services you forgot
You may decide to stick with a streaming service that you don’t use often because it provides the occasional hour of entertainment. And if this seldom-used service fits your budget, there’s nothing wrong with affording it.
But if you have streaming services, you never use or haven’t used in months, there really is no sense in paying for them. Maybe some of your favorite shows haven’t been renewed, or a show you love is come back, but not for several months. In this case, it might pay to cancel a given service and re-subscribe later.
The advantage of streaming services is that they usually don’t require you to commit to a long-term subscription. So it can be quite easy to cancel a subscription, re-subscribe for a month to binge watch a specific show you’ve been waiting for, and then cancel again.
That said, it’s worth noting that some streaming services will give you a discount if you prepay for a year at a time. Before canceling a service, make sure it is not already paid up to a certain point.
3. Your credit card bills are spiraling out of control
Individually, streaming services tend to be inexpensive. But collectively, they can get expensive.
If you’re struggling to keep up with your credit card bills, it might be time to rethink your spending habits across the board and start making some cuts. If you’re paying for multiple streaming services, it might be a good idea to offload one or two before you’re forced to start making changes to other spending categories, like the weekly restaurant meals you like to enjoy with. friends.
It’s not uncommon to have more than one streaming service at the same time. But do you really need four or five different options? Probably not. Think about what you could do with the money you save by dropping a streaming service – and consider canceling one or more if the above factors apply to you.
The best credit card wipes interest until the end of 2023
If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% until the end of 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read the full The Ascent review for free and apply in just 2 minutes.