Save money on your OTT subscriptions with these best tips

Efficient entertainment consumption involves optimizing subscriptions, utilizing discounts, and exploring cost-saving strategies like shared plans and rotating subscriptions. By being mindful of usage patterns and available deals, one can enjoy a wide range of content while keeping expenses in check.
Save money on your OTT subscriptions with these best tips
In the age of streaming, Over-the-Top (OTT) platforms have completely transformed the way we consume entertainment. These platforms offer a vast array of content, from movies and TV shows to documentaries and live sports, making it possible to access virtually any type of entertainment on demand. The convenience and variety offered by OTT services have led to their widespread adoption, and many households now subscribe to multiple streaming platforms to cater to diverse viewing preferences.

However, with the increasing number of available options, managing multiple subscriptions can become overwhelming and costly. Each platform typically requires a separate subscription fee, and these costs can quickly add up, putting a strain on your budget. Moreover, the abundance of content across various services means that it's easy to subscribe to more than you actually need or use, leading to unnecessary expenses.
Fortunately, there are several strategies you can employ to save money on OTT subscriptions without sacrificing your viewing experience. By being strategic about your subscription choices and making the most of available offers and features, you can enjoy your favourite shows and movies while keeping costs under control.

Tips to slash your OTT subscription costs


Evaluate your subscriptions


The first step towards saving on OTT subscriptions is to evaluate your current subscriptions. List all the streaming services you subscribe to and consider the following:
  • How often do you use each service?
  • Are there overlapping content offerings?
  • Which services offer the most value for your viewing preferences?

By assessing your usage and preferences, you can identify subscriptions to cancel or downgrade. If you rarely watch content on a particular platform, consider cancelling it and redirecting those funds to a service you use more frequently.

Take advantage of free trials


Many OTT platforms offer free trials for new users, ranging from a week to a month. Use these free trials to explore different services and their content libraries without committing financially. Set reminders to cancel the trial before it ends to avoid charges. You can also take turns using free trials from different platforms to enjoy their content without paying for multiple subscriptions simultaneously.

Bundle subscriptions


Many streaming services provide bundled packages that combine multiple subscriptions at a reduced price. For instance, Disney+ offers a bundle that includes Hulu and ESPN+ for less than the cost of subscribing to each service separately. Search for bundles that match your viewing habits and preferences to save money.

Share subscriptions with family and friends


Many OTT platforms permit multiple profiles or simultaneous streaming on various devices. Utilise this feature by sharing subscriptions with family members or friends. Split the cost of a subscription among multiple users to reduce individual expenses. Check each platform's terms of service to ensure you are not violating any rules.

Look for discounts and promotions


Watch for discounts and promotions from OTT platforms, as many services provide special deals during holidays, anniversaries, or other significant events. Additionally, some platforms provide discounts for students, military personnel, and senior citizens. Sign up for newsletters or follow the platforms on social media to stay informed about upcoming promotions.

Opt for ad-supported plans


Many streaming services provide ad-supported plans at a reduced cost compared to their ad-free versions. Although watching ads might be a slight inconvenience, it can lead to substantial savings. Evaluate whether ad-supported plans are a viable option for you, especially if the cost difference is substantial.

Downgrade to a lower tier


If you don't need all the features offered by your current subscription tier, consider downgrading to a lower tier. If you're currently subscribed to a premium plan that includes 4K streaming but primarily watch content on a standard HD screen, transitioning to a standard plan could be a cost-saving option. Evaluate your viewing habits and requirements to decide if downgrading to a lower-tier plan would meet your needs effectively.

Cancel unused subscriptions


Over time, it's common to collect multiple subscriptions, some of which may remain unused. Regularly assess your subscriptions and cancel those that are no longer in use. This straightforward action can redirect funds to more worthwhile purposes. Be vigilant about monitoring cancellation deadlines to prevent unnecessary charges for services you no longer require.

Take advantage of yearly plans


Choosing a yearly plan instead of monthly subscriptions can lead to significant savings. Numerous OTT platforms offer discounts on annual subscriptions, equating to several months of service for free compared to monthly rates. Opting for a yearly plan is a prudent decision if you anticipate long-term use of a service, ensuring cost-effectiveness in the long run.

Keep an eye on price increases


Streaming services occasionally increase their subscription prices. Stay informed about upcoming price hikes and evaluate whether the service still offers good value at the new rate. If a price increase makes a subscription less affordable, consider switching to a different service or taking advantage of available promotions.

Rotate OTT subscriptions based on content releases


The content offerings on OTT platforms are dynamic, regularly updating with new movies and shows while removing others. To optimise your savings, consider rotating your subscriptions according to the release schedules of your preferred content. Subscribe to a service for a period, enjoy the content you want, then cancel and switch to another platform. This method ensures you only pay for subscriptions when actively watching content that aligns with your current interests.

Use cashback and reward programs


Certain credit cards and cashback apps provide rewards for streaming service transactions, allowing you to earn cashback or points that can be used towards future subscriptions. Additionally, several OTT platforms have referral programs that offer incentives such as free months of service for referring new subscribers. These programs can help you maximise savings and get more value out of your streaming subscriptions.

Use public libraries


Several public libraries collaborate with streaming platforms like Kanopy and Hoopla to provide complimentary access to their services. Contact your local library to inquire about available OTT services, enabling you to enjoy a wide selection of movies and shows at no extra expense.

Monitor your viewing habits


Finally, paying attention to your viewing habits can assist you in making well-informed choices regarding your subscriptions. Monitor the time you spend on each platform and the types of content you enjoy the most. This data can help you select subscriptions that are not only cost-effective but also cater to your entertainment preferences effectively.
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