No, I don’t, I am fine with the way I am, living without Netflix for last 5 years. I ask you to think about your plan too. Do you really need to keep on subscribing to Netflix?
This is one of the businesses that is striving on our disposable income, you go to your friend’s house, and seeing him/her using Netflix, you order your’s own, without realizing if you really need it.
On the other hand you may be one of those 11M subscribers, who orders Netflix to save on cost of movie tickets at theater, then this article is to let you know that you can save further. You can enjoy new DVD releases with much lesser money or even for free.
Let’s take a quick look at Netflix’s price structure (per month) after the recent increase.
Unlimited Streaming = $7.99
Two DVD at a time = $9.99
One DVD at a time = $7.99
Let’s say you are interested in one DVD at a time, how many times you will order a Netflix movie in a month? Probably not more that 4. You will pay $7.99 per month for 4 movies from Netflix. Now let’s see what options you have..
Option 1: red box or block buster online, rent you DVD at $1 for 24 hours, for 4 DVD’s it’s going to cost you only $4.24 (including tax). If you watch lesser than 4 movies a month, saving is more.
Cons: drive to kiosk, You get to keep the DVD for only 24hrs and limited availability if you are late to pick up. But if you can wait for 3- 6 months to see the movie, can’t you wait a few more days
Option 2: Bring DVDs from local library, absolutely free. Generally libraries order 10 -20 copies of a new release, your’s turn might come late, but do book your movie as early as you can.
Pros: total saving
Cons: Drive to library, a little extra effort to book the new releases in advance, wait time
If you even have $9.99 plan and rent out two DVDs at a time, how many you could use? If you are seeing more than 9 movies per month, you are making a loss subscribing to Netflix.
If you have unlimited online streaming service for $7.99, my question would be, what you watch on streaming that is not available on net for free, personally I don’t watch movies online with a price on it. All my online entertainment needs are fulfilled by YouTube and a few other sites.
You can explore Hulu streaming or soon to come YouTube paid streaming services which offers pay per view pricing.
In my opinion, we order Netflix because we hate to do hard work during leisure and prefer not to indulge in physical activities like driving to a local DVD kiosk or the library.
Some people might have already realized this drainage of money, but still, are too lethargic to take an action.
On average, going away from Netflix, can save you $4 – $5 per month. Making it $531 in 10 years (by using recurring deposit rate calculator) at 2% interest at local credit union.
Extreme frugal approach would be to fully rely on library DVDs and booking through free coupon codes from Red box. Then you can save around $1000 in 10 years. Will you act now?
Pro Netflix will argue that this money spent brings entertainment along with comfort to them, I will ask why don’t you out source grocery buying too? And yes, every Wal-Mart has Red Box kiosks (at least which ever I saw), and your local grocers has block buster kiosks, in all probability. It’s not a money spent for comfort, its money spent because we are not wise enough.
This post is not about Netflix vs Redbox or Netflix vs Blockbuster, this is about common sense.