TV Streaming Service Subscriptions
Cutting your outgoings is the quickest way to give yourself a pay rise
Written by the Debt Freedom team 2 min read
Just after you subscribe, cancel it. Will you even notice when it comes to an end?
For many people this can be a really good way to start cutting back on outgoings whilst focusing on paying down any form of debt.
So what are some tips?
Nuclear option - Just cancel them all. They can sap you time, keep you indoor too much and may be expensive and addictive.
The tailored option - rotate streaming services maximum one at a time. This cutting down is great. How many times have you gone on to a service and thought, there just nothing new I’m interested in. That sounds like a good time to have a break from paying for something that your not really watching anyway.
Subscribe and cancel - that is pretty much it. Just after you subscribe, cancel it. Will you even notice when it comes to an end? If you do and you really want to continue with it, subscribe again.
Wait to subscribe - some streaming service have really good programming but release the.episodes weekly, like it old fashioned TV. So if there is a series you really want to watch, wait until two or three weeks before it is due to end. Then you can subscribe and cancel, without missing the last episode!
Check with the family. Someone in your family/household may have a subscription to a service that you could watch for free. It would only be fair to let them know if you also have something for them to watch. Make sure to let them know yours will end in a months time.
Monthly streaming subscriptions can add up to a lot over the cause of a year or two. £10 a months is £120 in a year - if you paused a streaming service and put the £10 towards the principle of a credit card for 12 consecutive months you would save an additional £14.60 in interest too.
Well worth it, especially if you were not watching them anyway.