How to Manage Your Streaming Service Subscriptions in 2025
With streaming services developing more original content, the question is no longer if you subscribe to a streaming service, but rather which ones you subscribe to.
Leichtman Research Group, Inc. reports that 78% of U.S. households now subscribe to at least one of the major platforms: Netflix, Amazon Prime, or Hulu.
Altogether, the average American household now maintains around 4.5 subscriptions, spending approximately $924 annually.
And while no one wants to miss the newest season of their favorite show, it’s important to remain aware of costs that come with maintaining so many subscriptions.
Streaming Stats
> 24% of households report paying for at least three additional streaming services than they did one year ago — another 21% are now paying for two more streaming services.
> 1 in 4 spend more than $75 per month on streaming subscriptions, and 1 in 10 have "no idea" how much they spend.
> 41% of respondents admit to relying on a family member's or friend's login to avoid paying for a streaming service.
> Price (51%), content library (31%), and original programming (26%) are the top factors viewers consider when deciding whether to pay for a streaming service.
Recent and Upcoming Price Hikes for Popular Streaming Services
One of the major pain points for streaming consumers is the consistent price hikes. In a survey of 3,000 people by Hub Entertainment Research, a staggering 90% agreed that subscription prices for streaming services are increasing more often than in the past.
Consumer sentiments are ringing true, as Disney+ recently raised prices for its core offerings, with increases affecting Disney+, Hulu, and ESPN bundles. This past fall, Peacock hiked its price by $2 per month for the second time in two years. Netflix too followed suit with a price increase for its basic plans, raising rates by $2 to $3 per month.
Most notably, YouTube TV will raise its price to $82.99 per month starting in January 2025, a staggering $10 increase from its current monthly price of $72.99.
How to Get Your Streaming Budget Under Control
With subscription prices climbing and new platforms launching constantly, it can be easy to lose track of your spending. If you’ve found yourself overspending on streaming services, here are some ways to help you cut costs and stay on top of your entertainment budget:
1. Set Up Subscription Reminders
Many people sign up for streaming services to binge-watch a specific show, only to forget about the subscription once they've finished. If you plan to cancel a service after finishing a show or movie, set up a calendar reminder to cancel it before the free trial ends or the next billing cycle hits.
2. Review Your Subscriptions Regularly
It’s easy for subscriptions to slip under the radar, especially if you’re using multiple platforms. Review your credit card or bank statements regularly to identify subscriptions you may no longer use. By cancelling unused services, you can lower your overall streaming costs significantly.
3. Limit Premium Add-ons
Streaming platforms often offer premium add-ons, like HD streaming or extra screens. While these features might sound appealing, they can add to your overall bill. Evaluate whether you really need them or if the standard plan will suffice for your needs.
4. Use Free Trials Wisely
Most services offer free trials or discounted introductory periods. Take advantage of these offers to experience the service and decide if it’s worth the cost. Just make sure to cancel before the trial ends if you don’t plan on keeping it.
Closing Thoughts
With streaming services becoming increasingly essential, it’s crucial to manage costs and avoid unnecessary spending. By being proactive about reviewing your subscriptions and setting reminders, you can keep your streaming budget under control while still enjoying your favorite content.