Do Streaming Services Really Save?

As you may know, subscribing to streaming services is the popular trend over buying cable. Cable is transitioning into becoming a thing of the past. Streaming services have offered an alternative to commercials, pricey packages, and flipping through endless channels with nothing to watch. But you may be saving far less than you think.

It All Adds Up

When you think about the standard $9.99 per month charge, you aren’t startled by its low cost. But, the average person can have up to three different streaming services, which add up quickly. If you were to have all services, including HBO, Hulu, Netflix, and more, it would total $96 per month. But those are just the traditional ones; the streaming industry is expanding quickly. Now, we have niche sites such as Acorn and Shudder. Your wallet can quickly start to deplete. And that doesn’t include the $40 and upwards monthly fees you have to spend for broadband access. So if you already have or if you are planning on cutting the cord, you’re likely paying for at least some of these monthly fees:

Netflix – $13.99/month

Amazon Prime Video – $13/month (includes free shipping on your Amazon purchases)

Hulu – $11.99/month ($9.99/mo. with ads)

You Tube Premium – $11.99/month

HBO Now – $14.99/month

CBS All-Access – $9.99/month ($5.99/month with ads)

Become a true Cord Cutter

Don’t want to pay Comcast or your local cable provider? Then, these companies are all vying to invoice you monthly as more of a true replacement for cable. These options offer live television:

Hulu With Live TV – $39.99/month

Sling TV – Starting at $20/month

You Tube TV – $39.99/month

DirecTV Now – $35/month

Streaming is not just limited to movies and television. There are also multiple music streaming sites. Some like Apple and Tidal have exclusive rights to your favorite artist. You are more than likely going to have to divvy up your spending just to listen to an artist’s new album. Marketers are smart. They present you with a low cost per platform. But when you add it up, streaming is starting to become just as costly as your old cable bill. So what will they do to compete for your coins? Stay tuned. We’re sure there’s more to come.