How to Cut Digital Subscription Costs and Still Watch Your Shows
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Here's your Money Briefing for Thursday, March 3rd. I'm J.R. Whelan for The Wall Street Journal. After dealing with sticker shock at the grocery store or the gas pump, it's nice to come home, tune out the world, and settle in for a good movie on one of your streaming channels. The problem is, those prices are also rising. And the sticker shock doesn't stop there.
It's music streaming services. It's the subscription service that you use to support your security camera. It's the app that you use to watch the waves if you're a surfer. It's the app that reminds you when to water your plants or teach you a new language.
Our personal tech columnist, Nicole Nguyen, has been keeping track of all the price increases among digital services, and she has some ideas for how to rein in your costs without necessarily missing your favorite shows. We'll talk with her about it after the break.
This podcast is brought to you by ReliaQuest. Cyber criminals are constantly attacking. They want your data. They want your identity. They want your innovation. ReliaQuest fortifies your business with agentic defense, AI that detects, contains, and eliminates cyber threats in minutes. It helps your security team move faster at the work that matters most to protect the business now and delivers insights to help them predict what's next. ReliaQuest, agentic defense for the enterprise. Learn more at ReliaQuest.com. That's R-E-L-I-A-Q-U-E-S-T.com.
It seems like inflation is everywhere, and that includes the subscription fees for your favorite streaming services and the digital platform used for your photos. But those rising prices often fly under the radar, undetected by consumers. Fortunately, we've got WSJ personal tech columnist Nicole Nguyen on the case. She's here with some tips for lowering the cost of your monthly subscriptions. Nicole, thanks so much for being here. Hi. So, Nicole, we've seen a lot of companies like Netflix and Amazon and Disney Plus raise their prices in recent months. Why are they doing that?
A couple of different reasons. One is the pandemic. Amazon cited increased wage and transportation costs, while Netflix cited programming expenses, which has long been Netflix's business model. They pay for more content to add to their platform in order to attract more subscribers. And so to make that investment, they had to raise prices in order to produce more stuff for you to watch.
Yeah, it seems like there are endless choices of things to watch, but the list of services households have probably goes beyond just movies and TV services, right?
Absolutely. It's music streaming services. It's the subscription service that you use to support your security camera. It's the... app that you use to watch the waves if you're a surfer. It's the app that reminds you when to water your plants or teach you a new language. And so there are all sorts of services that have moved towards a subscription-based model because it's profitable and the price seems, if it's only $2 a month, it seems like not such a big purchase for someone to get into. But of forget to unsubscribe. So they end up paying a lot in recurring costs over the long term.
So let's talk about how people can rein in these costs. Most people pay for their services with a credit card, so it seems like it would be easy enough to go through their bill and see where their charges are.
Definitely. In addition to combing your credit card bill, it's really important to audit the app stores that are on your phone or that you use on your computer.
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