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How to Save Money on Streaming Services in the UK: Cut Costs Without Missing Out

  • Writer: Jamie Reid - Credit, Loans & Everyday Money Writer
    Jamie Reid - Credit, Loans & Everyday Money Writer
  • Apr 9
  • 5 min read

Updated: Apr 10

Streaming services are now a staple in most UK households, with platforms like Netflix, Disney+, Amazon Prime, and Apple TV+ replacing traditional TV packages. But with prices creeping up and new services launching regularly, streaming costs can easily spiral out of control.


In this guide, we’ll show you how to enjoy your favourite shows, films, and live sports without overspending. From sharing accounts to choosing the right subscriptions for your habits, here are the best ways to save on streaming in the UK — legally and effectively.


UK household reviewing streaming service costs on a shared TV screen

Why Streaming Costs Are Climbing — and What You Can Do


Streaming started out as a cheaper alternative to Sky or Virgin Media, but monthly costs have risen significantly:


  • Netflix has introduced new pricing tiers and restrictions on account sharing

  • Disney+ and Prime Video have raised prices and introduced ads to basic tiers

  • New services like Paramount+ and discovery+ are adding more choices — and costs


If you subscribe to just three major platforms, you could be spending over £30–£40 per month — over £400 per year.


1. Audit Your Subscriptions: Are You Really Using Them?


The first step is to review what you’re actually paying for — and what you’re truly watching.


Action step: Go through your bank statements or app store subscriptions and cancel anything you haven’t used in the past month. Common culprits include:


  • Forgotten free trials that converted into paid plans

  • Platforms you joined to watch one show, then forgot about

  • Services you share with others but barely use yourself


You can always re-subscribe later if needed.


2. Rotate Subscriptions Each Month


Instead of subscribing to multiple services at once, rotate them based on what you want to watch.


Example:


  • Watch Netflix in April

  • Switch to Disney+ in May

  • Move to Now TV in June


This tactic lets you binge key content while only paying for one service at a time — potentially cutting your annual streaming spend in half.


Bonus tip: Set calendar reminders to cancel before renewal dates to avoid unwanted charges.


3. Share Accounts Legally (And Fairly)


Most platforms allow limited account sharing across households or users — within their terms.


How to do it right:


  • Netflix: Allows sharing with people in your household. For users outside your home, a small extra fee applies.

  • Disney+: Up to 4 simultaneous streams — share within your household.

  • Spotify Premium Duo: Ideal for two people at the same address — saves £66/year compared to two solo accounts.

  • Amazon Prime: One membership can include household members and share delivery, Prime Video, and more.


Make sure to follow each platform’s terms of use to avoid suspension or penalties.


4. Take Advantage of Free Trials (and Know When to Cancel)


Most UK streaming services offer free trials — typically 7 to 30 days. Rotate these to get access to premium content without paying a penny:


  • Apple TV+ (7-day trial, or longer with device purchase)

  • discovery+ (7-day trial)

  • Amazon Prime Video (30-day free trial)


Just set a cancellation reminder the day before the trial ends. Better yet, cancel immediately after signing up — you’ll still get access until the end of the trial.


5. Check If You Already Have Access Through a Bundle


Some streaming services are bundled with mobile or broadband deals — meaning you might be paying twice.


Examples:


  • O2 customers may get free access to Disney+ or Prime Video

  • Some EE plans include Netflix

  • Sky and Virgin Media bundles may include Discovery+ or Paramount+


Log in to your account portals or call customer service to check what's included in your current plan.




6. Use Cashback and Discount Sites for Sign-Ups


When joining a new streaming service, always check cashback sites like:


  • TopCashback

  • Quidco


They frequently offer cashback on new subscriptions, sometimes worth £5–£15.


Also, check for student discounts through:


  • UNiDAYS

  • Student Beans

  • TOTUM


Read our guide on: Budgeting Tips for Students


7. Explore Free Alternatives to Paid Streaming


There are several free, legal UK platforms offering a wide range of films and series — with ads but no subscription fees:


  • BBC iPlayer – Requires a TV licence if you watch live or on-demand

  • ITVX – Catch-up and exclusive streaming

  • Channel 4 (All 4) – On-demand content with optional ad-free upgrade

  • My5 – Content from Channel 5 and its partners

  • UKTV Play – Includes Dave, Drama, and Yesterday

  • Plex and Pluto TV – Free films, series, and live channels


YouTube also remains one of the best free platforms for news, documentaries, tutorials, and more.


8. Switch to Family Plans Where Possible


If you and your household all use the same platform, upgrading to a family plan is often more cost-effective:


  • Spotify Family: Up to 6 accounts — much cheaper than 6 solo plans

  • YouTube Premium Family: Covers up to 5 members

  • Netflix Premium: Highest cost, but allows Ultra HD and up to 4 streams


Be sure all users live at the same address (as required by most family plans).


9. Take Advantage of Device-Specific Perks


Buying a new phone, tablet, or smart TV? These often come with bonus streaming perks.


Examples:


  • New Apple devices usually come with 3 months of Apple TV+

  • Samsung and LG TVs often include free trials for Netflix or Disney+

  • Some Amazon Fire devices include discounted Prime memberships


Register devices promptly to activate any bonuses.


Unique Insight: Use Gift Cards for Budgeting and Bonus Offers


Pre-paying for a streaming service via a gift card can sometimes save money and prevent overspending.


Benefits:


  • Lock in the price even if fees rise

  • Control your spending — especially helpful for kids or shared users

  • Occasionally available at a discount through retailers like Tesco, Asda, or Currys


Example: Some UK supermarkets offer Clubcard points or promotional vouchers when buying gift cards.


Frequently Asked Questions (FAQ)


Can I share my Netflix account with someone outside my household?


Netflix now charges a small extra fee for users outside your household. You can still share legally with household members or use a paid “extra member” add-on.


What’s the cheapest streaming service in the UK?


Apple TV+ and discovery+ are among the lowest-cost options for original content. BBC iPlayer, ITVX, and My5 are completely free if you already have a TV licence.


Is it legal to use a VPN to access content in other countries?


Using a VPN may breach the terms of use for many streaming platforms. While not illegal, it can lead to account restrictions or bans. It’s better to stick with UK-accessible content to stay compliant.


Are student discounts available for streaming?


Yes. Spotify, YouTube Premium, Amazon Prime, and others offer student plans, usually verified through UNiDAYS or Student Beans.


How can I stop forgetting to cancel subscriptions?


Use tools like Truebill, calendar reminders, or banking apps with subscription alerts to track and cancel services on time.


Final Thoughts


Streaming can be great value — but only if you’re in control of what you’re paying for. By auditing your services, rotating subscriptions, sharing accounts legally, and using free platforms wisely, you can still enjoy top-quality entertainment without draining your bank account.


Don’t fall into the trap of thinking you need them all. Focus on what you actually watch, cancel the rest, and explore alternatives. With a smart strategy, you can save hundreds each year and still catch every episode, match, or movie that matters.



Disclaimer:  Smart With Money may receive compensation through affiliate links, sponsored content, or advertising featured on this site. This does not influence our editorial standards. All reviews and recommendations are based on independent research, and we aim to provide accurate, objective information to help you make informed financial decisions.


Please note:  All content on SmartWithMoney.co.uk is for informational purposes only and does not constitute financial advice. Always seek guidance from a qualified financial adviser before making any financial decisions.

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