The costs of streaming services can really add up, and since these payments are often deducted automatically, you may not realize how much you are really spending on them — and it may be putting you over your budget for entertainment spending. Be sure to factor these costs in when looking at your monthly spending.
“Create a budget for entertainment expenses, with sections for various streaming platforms and types of entertainment — TV, movies, short films, sports, music, [etc.],” said Sonali Divilek, head of digital channels and products at Chase. “There are a variety of budgeting resources available, including budget worksheets to help prioritize expenses.”
If you see that you are spending too much on streaming services, you may want to cut back to prioritize spending on other forms of entertainment.