It seems like every few weeks there's a new "must-watch" movie or show. Competition between traditional and new production companies is driving the wave of high-quality content. I can't complain, but it's also hard to keep up. I have an ever-growing list of binge-able things to watch, read and listen to, and in the meantime, I'm paying multiple bills month.
Take stock of where you currently stand. Find your starting point by making a list of expenses that fall into the category of electronic entertainment. If you don't have a budget where you can easily look up this information, you can review previous bank statements or connect your accounts to a budgeting app that can automatically pull in your spending history. This might also be a good time to try several budgeting apps and begin using the one you enjoy the most.
Give traditional cable or satellite TV expenses a second look. If you haven't "cut the cord" – canceled your cable or satellite TV service – now might be time to give the idea some thought. Many cheaper alternatives have become mainstream, including free and a la carte sports programming. Even premium networks are sold on their own or as inexpensive add-ons to other services.
Consider splitting the cost with someone else. Some subscription entertainment services can be shared with friends or family. A few even offer several tiers of service, or family packages, that let you create profiles and stream from multiple devices at once. Although the price might be higher for a multi-user account, you'll still save on a per-person basis.
Choose the person or people you share your account with carefully. In some cases, sharing an account with a non-family or household member could be a violation of the terms and conditions, and with some types of accounts, you could be giving the other person access to your debit or credit card number.
Find a happy medium by canceling services you don't want anymore and finding ways to save on those you do. You could then use the savings for something more meaningful. Perhaps that means going to a sports game with friends or family rather than paying for a television service, or putting the money towards a non-entertainment goal, such as a college or retirement fund.
This article is intended to provide general information and should not be considered health, legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.