However, with the increasing number of options available, managing multiple subscriptions can become overwhelming and expensive. Each platform usually requires a separate subscription fee, and these costs can add up quickly, putting a strain on your budget. Additionally, the abundance of content across multiple services means it’s easy to subscribe to more than you need or use, leading to unnecessary costs.
Fortunately, there are a few strategies you can use save money on OTT subscriptions without sacrificing your viewing experience. By being strategic about your subscription choices and making the most of the offers and features available, you can enjoy your favorite shows and movies while keeping costs down.
Tips to reduce OTT subscription costs
Evaluate your subscription
The first step is to save OTT subscription is to evaluate your current subscription. List all the streaming services you subscribe to and consider them below:
- How often do you use each service?
- Are there overlapping content offers?
- Which service offers the best value for your display options?
By assessing your usage and preferences, you can identify which subscriptions to cancel or downgrade. If you rarely watch content on a certain platform, consider canceling and redirecting those funds to a service you use more often.
Take advantage of the free trial
Many OTT platforms offer free trials for new users, ranging from a week to a month. Use this free trial to explore our wide range of services and content libraries without having to pay financially. Set a reminder to cancel your trial before it ends to avoid being charged. You can also take turns using free trials from different platforms to enjoy the content without paying for multiple subscriptions at once.
Subscription package
Many streaming services offer bundled packages that combine multiple subscriptions for a lower price. For example, Disney+ offers a bundle that includes Hulu and ESPN+ for less than the cost of subscribing to each service separately. Browse bundles that suit your viewing habits and preferences to save money.
Share your subscription with family and friends
Many OTT platforms allow multiple profiles or simultaneous streaming on multiple devices. Use this feature by sharing your subscription with family members or friends. Split the subscription fee among several users to reduce individual costs. Check each platform’s terms of service to make sure you’re not breaking any rules.
Look for discounts and promotions
Watch for discounts and promotions from OTT platforms, as many services provide special offers during holidays, birthdays, or other important events. Additionally, some platforms provide discounts for students, military personnel, and senior citizens. Sign up for the newsletter or follow the platform on social media to stay informed about upcoming promotions.
Choose an ad-supported plan
Many streaming services offer ad-supported plans at a lower cost compared to ad-free versions. Although watching commercials may not be fun, it can save you a lot of money. Evaluate whether an ad-supported plan is the right choice for you, especially if the cost difference is large.
Downgrade to a lower tier
If you don’t need all the features offered by your current subscription level, consider downgrading to a lower level. If you’re currently subscribed to a premium plan that includes 4K streaming but mainly watch content on a standard HD screen, transitioning to a standard plan can be a cost-saving option. Evaluate your viewing habits and requirements to decide if downgrading to a lower-tier plan will effectively meet your needs.
Cancel unused subscriptions
Over time, it is common to accumulate multiple subscriptions, some of which may not be used. Evaluate regularly and cancel subscriptions that are no longer in use. This direct action can direct funds to more worthwhile goals. Be vigilant about monitoring cancellation deadlines to avoid unnecessary charges for services you no longer need.
Take advantage of the annual plan
Choosing an annual plan instead of a monthly subscription can result in significant savings. Many OTT platforms offer discounts for annual subscriptions, equivalent to a few months of free service compared to monthly rates. Choosing an annual plan is a wise decision if you expect long-term use of the service, ensuring cost-effectiveness in the long run.
Keep an eye on price increases
Streaming services occasionally increase subscription prices. Stay informed about upcoming price increases and evaluate whether the service is still offering good value at the new level. If the price increase makes the subscription cheaper, consider switching to another service or take advantage of the available promotions.
Play OTT subscription based on content release
The content offering on the OTT platform is dynamic, updating regularly with new movies and shows while removing others. To maximize your savings, consider rotating your subscriptions around your preferred content release schedule. Subscribe to the service for a while, enjoy the content you want, then cancel and switch to another platform. This method ensures that you only pay for your subscription when you are actively watching content that matches your current interests.
Use cashback and rewards programs
Certain credit cards and cashback apps offer rewards for streaming service transactions, allowing you to earn cashback or points that can be used toward future subscriptions. Additionally, some OTT platforms have referral programs that offer incentives such as a free month of service for referring new customers. These programs can help you maximize your savings and get more value from your streaming subscription.
Use the public library
Some public libraries collaborate with streaming platforms like Kanopy and Hoopla to provide free access to these services. Contact your local library to inquire about available OTT services, so you can enjoy a variety of movies and shows at no extra cost.
Monitor your viewing habits
Finally, paying attention to your viewing habits can help you make informed choices about your subscription. Monitor the time you spend on each platform and the types of content you enjoy the most. This data can help you choose subscriptions that are not only cost-effective but also effectively match your entertainment choices.
