These days, there’s no shortage of ways to entertain ourselves at home. Furthermore, with COVID-19 and its newly emerging variants still presenting an active threat, many of us have become particularly keen on sticking with home-based forms of recreation.
Unfortunately, due to the sheer abundance of home entertainment options at our disposal, we often wind up overspending on leisure activities without even realizing it. Anyone looking to stay entertained at home without breaking the bank would do well to heed the following tips.
Rotate Streaming Service Subscriptions
In recent years, it seems like there are more streaming services than television networks.
No matter what genres of entertainment you’re into, odds are there are multiple streaming services that cater to your specific interests.
In some respects, streaming services provide consumers with a greater degree of control than traditional cable packages.
For example, if you rarely watch the content found on a certain streaming service, you can simply cancel your subscription and re-up whenever something you want to watch is added.
So, if you’re currently subscribed to any streaming services that you go long periods without watching, you can save money by unsubscribing during droughts of content that’s of personal interest.
To put it another way – if you’re paying for eight streaming services despite only using four of them on a consistent basis, you can cut your streaming expenses in half by getting rid of the dead weight.
Should any of the canceled services add content you wish to watch, become a subscriber long enough to consume it.
There’s no sense in paying a monthly fee for something you go months without using.
Wait for Rental Prices to Go Down
Throughout the course of the COVID-19, many first-run movies have been released as video-on-demand (VOD) rentals at the same time they’re released in theaters.
While some of them are available for free to subscribers of certain streaming services, others require consumers to pay rental fees.
However, if you can wait a month or two, you’re liable to see the rental fees attached to movies you wish to view go down dramatically.
Some even appear on streaming services for free after their respective theatrical windows.
So, unless you’re absolutely dying to see a certain new release, exercising a little bit of patience can pay off in a big way.
Wait for Video Game Flash Sales
As any longtime video game enthusiast can attest, gaming is far from an inexpensive hobby.
Not only do many brand-new games come with high price tags, the initial cost of the software often doesn’t cover paid downloadable content (DLC).
Fortunately for patient gamers, video games tend to drop in price rather quickly – especially in comparison to other forms of at-home entertainment.
After three months of release, many games undergo a notable reduction in price.
In addition, flash sales provide great opportunities to purchase a wide assortment of AAA and indie titles for next to nothing.
During flash sales, it’s hardly unusual to find games whose prices have been reduced by more than 90%.
As such, unless you’re interested in owning the newest titles as quickly as possible, patience can be a boon to your gaming budget.
Make a Hobby Out of Investing
If you’re interested in increasing your home entertainment budget, consider making a hobby out of investing.
A few smart investments can provide you with a consistent source of extra money, thereby making home entertainment costs seem considerably less strenuous.
Of course, if you have little to no experience with the market, you should seek out a knowledgeable investment education service.
Anyone on the hunt for such a service should have a look at this Motely Fool review.
It’s easy to see why so many of us overspend on home entertainment.
With a seemingly endless array of home-based entertainment options, there’s simply not enough time – or money – to satisfy our perpetual content cravings.
However, even with all the time in the world at your disposal, you wouldn’t be able to enjoy every movie, TV show, video game or book that piques your interest.
As such, you’d do well to conserve your financial resources by prioritizing the things that truly capture your attention.
If home entertainment savings are what you’re after, the previously discussed measures are sure to serve you well.
Gaurav Sodhi says
Thanks for sharing this useful and informative post with us. I liked the points you have shared, especially the point – makes a hobby Out of Investing. It was really relatable. Thanks again!