The big news this week for many was the release of Disney+. A long awaited streaming platform, Disney+ offers a lot of very popular content, including Marvel, Star Wars and Pixar. However, there is a limit to the amount of money consumers can pay for TV, especially if you’re in a debt management program. Let’s learn about the latest streaming options and how you can maintain or improve your monthly household budget.
ACCC has the scoop on streaming options.
Recent Headlines & Reviews of Major Streaming Services
- “In escalated streaming war, Disney+ has one major advantage over Netflix: Hulu” from USA Today
- “Guide to Streaming Video Services” by Consumer Reports
- “10 lessons for Disney, Apple, and all the new streaming companies trying to take down Netflix” by Vox
Choosing Cable vs Video Streaming Options
Before you decide on a streaming service, you might have to decide whether you need your current cable subscription. Typically, cable packages cost oodles more than subscribing to a streaming service. In fact, you could subscribe to a few services and still fall short of the hefty price tag attached to cable these days.
Cutting cable is a great way to start saving money. If you can reduce your entertainment costs, it frees up money for debt management, building an emergency fund or making your budget more realistic with your essential spending needs. In addition to a price reduction, streaming services allow you to cancel easier. Annual cable contracts are notoriously difficult to get out of early.
Always remember that cable and all the streaming options are not essential living costs. If you need to decrease spending, this is a great step. You can always restart a subscription in 6 months; use the library and other free online resources for your media needs. If you feel like you need to have something more available, choose the cheapest and best streaming service that works for you.
If you’re struggling to pay off debt, sign up for a free credit counseling session today.
