You won't believe how much Aussies are paying for streaming services now!
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Keeping up with the latest releases, watching sports, and catching up on movies and TV shows is easier nowadays, all thanks to streaming services.
Who doesn't love a good movie marathon session every now and then?
But with Spotify’s recent announcement that it’ll be joining other streaming giants in increasing its monthly subscription fees, it's a sobering reminder that we need to start paying more attention to how much we're forking out for on-demand entertainment.
The average Australian household was reportedly subscribed to 3.4 streaming plans at the start of the year. But this number could be higher, especially for the younger demographic.
Despite subscription fees’ continuous rise, Australians seem far from deterred—with over 240,000 new plans started between January and March alone!
So, exactly how much are Aussies spending on their love for on-demand entertainment?
Let's look at some of the most popular streaming services and their recent price 'adjustments' below:
Despite the seemingly small increase in pricing—all these services combined will now set you back $141 per month, or $1,691 a year.
Broken down, that’s $16.50 a month (almost $200 a year!) more than what you’d have been paying before the price hikes for a single subscription.
Some Aussies are in dire need of reminding too—estimates place 8 million Australians making financial blunders in the last year, which range from forgetting to cancel their free trial for subscriptions, to not paying attention to invoices, or double-paying for a service.
Finder's Personal Financial Expert, Taylor Blackburn, said it’s important to use a free money management app to track all your expenses in one place.
'Keeping track of all your expenses, especially the automatic ones, can be a challenge,' he said.
'But turning a blind eye can cost you hundreds if not thousands of dollars if you aren’t vigilant.'
If you’re one of those feeling the pinch in your pocket, then it might be time to take a look at the services you’re subscribed to and decide which you’re using and which you might be able to do without.
We know it’s easier said than done, but if you’re not making the most out of each subscription, it could be time to start cutting the cord and getting back some of that hard-earned cash.
Besides streaming services, many other premium services that require paid memberships are available to us such as online shopping platform Amazon Prime. But are these services really worth the cost?
To find out, one savvy shopper took to a group on social media to ask their fellow members about their thoughts.
‘If you order off Amazon Prime, what do you order, what is worth it and works out to be cheaper than the shops?’ the shopper asked.
Quite a few answered saying items like paper towels, toilet paper, cat food, washing powder, and bottled water are often cheaper on Amazon Prime.
Moreover, when ordering in bulk, one could make some great savings on delivery costs by having their orders delivered straight to their front door instead of having to haul a load of bulk items by themselves.
Some also shared that price isn’t the only factor when it comes to Amazon Prime, and there are plenty of other advantages to consider.
You can read more about it here!
Members, are you subscribed to any streaming service that you barely use? Will you be unsubscribing soon? Let us know in the comments below!
Who doesn't love a good movie marathon session every now and then?
But with Spotify’s recent announcement that it’ll be joining other streaming giants in increasing its monthly subscription fees, it's a sobering reminder that we need to start paying more attention to how much we're forking out for on-demand entertainment.
The average Australian household was reportedly subscribed to 3.4 streaming plans at the start of the year. But this number could be higher, especially for the younger demographic.
Despite subscription fees’ continuous rise, Australians seem far from deterred—with over 240,000 new plans started between January and March alone!
An average Australian household was reportedly subscribed to 3.4 streaming platforms at the beginning of the year. Image source: Shutterstock.
So, exactly how much are Aussies spending on their love for on-demand entertainment?
Let's look at some of the most popular streaming services and their recent price 'adjustments' below:
Despite the seemingly small increase in pricing—all these services combined will now set you back $141 per month, or $1,691 a year.
Broken down, that’s $16.50 a month (almost $200 a year!) more than what you’d have been paying before the price hikes for a single subscription.
Some Aussies are in dire need of reminding too—estimates place 8 million Australians making financial blunders in the last year, which range from forgetting to cancel their free trial for subscriptions, to not paying attention to invoices, or double-paying for a service.
Finder's Personal Financial Expert, Taylor Blackburn, said it’s important to use a free money management app to track all your expenses in one place.
'Keeping track of all your expenses, especially the automatic ones, can be a challenge,' he said.
'But turning a blind eye can cost you hundreds if not thousands of dollars if you aren’t vigilant.'
If you’re one of those feeling the pinch in your pocket, then it might be time to take a look at the services you’re subscribed to and decide which you’re using and which you might be able to do without.
We know it’s easier said than done, but if you’re not making the most out of each subscription, it could be time to start cutting the cord and getting back some of that hard-earned cash.
Besides streaming services, many other premium services that require paid memberships are available to us such as online shopping platform Amazon Prime. But are these services really worth the cost?
To find out, one savvy shopper took to a group on social media to ask their fellow members about their thoughts.
‘If you order off Amazon Prime, what do you order, what is worth it and works out to be cheaper than the shops?’ the shopper asked.
Quite a few answered saying items like paper towels, toilet paper, cat food, washing powder, and bottled water are often cheaper on Amazon Prime.
Moreover, when ordering in bulk, one could make some great savings on delivery costs by having their orders delivered straight to their front door instead of having to haul a load of bulk items by themselves.
Some also shared that price isn’t the only factor when it comes to Amazon Prime, and there are plenty of other advantages to consider.
You can read more about it here!
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