By making a small change to your streaming subscriptions, you could save over $100 a year.

By making a small change to your streaming subscriptions, you could save over $100 a year.
By making a small change to your streaming subscriptions, you could save over $100 a year.

Americans are living in the streaming era, and increasingly paying the cost.

Numerous individuals in America possess multiple subscriptions for streaming services such as Netflix, Hulu, and Max, in addition to music subscriptions like Spotify or Apple Music.

You can save money on subscription costs by paying annually instead of monthly. For instance, if you pay $139 upfront for Amazon Prime, you'll save approximately $40 over the course of a year compared to monthly payments.

Adjusting your payment plan for multiple subscriptions, such as Amazon Prime, Hulu, Peacock, Max, and Apple Music, could result in an annual savings of approximately $120.

See the difference in costs for nine popular services below.

Amazon Prime

  • Monthly membership cost: $14.99
  • Annual membership cost: $139
  • Total annual savings: $40.88

Hulu (with ads)

  • Monthly membership cost: $9.99
  • Annual membership cost: $99.99
  • Total annual savings: $19.89

Hulu does not offer an annual plan for its ad-free tier.

YouTube premium

  • Monthly membership cost: $13.99
  • Annual membership cost: $139.99
  • Total annual savings: $27.89

Peacock

Premium

  • Monthly membership cost: $7.99
  • Annual membership cost: $79.99
  • Total annual savings: $15.89

Premium plus

  • Monthly membership cost: $13.99
  • Annual membership cost: $139.99
  • Total annual savings: $27.89

Max

Ad-supported tier

  • Monthly membership cost: $9.99
  • Annual membership cost: $99.99
  • Total annual savings: $19.89

Ad-free tier

  • Monthly membership cost: $16.99
  • Annual membership cost: $169.99
  • Total annual savings: $33.89

Apple Music (individual)

  • Monthly membership cost: $10.99
  • Annual membership cost: $109
  • Total annual savings: $22.88

Disney+ premium

  • Monthly membership cost: $15.99
  • Annual membership cost: $159.99
  • Total annual savings: $31.89

It's wise to keep track of your subscription expenses and be aware of how much you spend annually. Many people underestimate the cost of their media subscriptions.

On average, Americans underestimate their monthly subscription costs by $133, according to a 2022 study by C+R Research.

One effective way to reduce subscription expenses is by conducting an annual audit to identify which services you regularly use and wish to continue paying for.

Comcast NBCUniversal, the parent company of CNBC, also owns Peacock.

To earn extra money online, sign up for CNBC's course on passive income streams, starting tips, and real-life success stories.

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