What Is Streaming TV, And How Can It Save You Money?

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If you like to save money wherever possible, streaming TV can be a more cost-effective alternative to cable television. Whether you’re new to the world of streaming TV or you’re desperate to get rid of your cable bill, here’s everything you need to know about streaming TV — including the ways it can save you a ton of money!

What Is Streaming TV?

Streaming TV (or “streaming media”) is a method of watching television shows and movies through an internet connection, rather than through a cable or satellite provider.

This type of TV viewing has become increasingly popular in recent years as more people turn away from traditional cable packages in favor of on-demand streaming services like Netflix, Hulu, and Disney+.

How Streaming TV Can Save You Money

More flexibility by cutting the cable cord.

One of the biggest advantages of streaming TV is all the flexibility it offers:

  • You’re no longer stuck paying for only a few options the cable company may offer.
  • Flexible plans and options from streaming TV gives you the ability to mix and match services, and channels.
  • Watch anywhere, your TV, computer, or phone.
  • No surprise cable fees.

One low cost streaming TV option is Philo, a service that allows you to enjoy both on-demand and live TV. With hundreds of shows and movies available to stream and over 70 of your favorite TV channels to explore, this service offers the best of both worlds at a fraction of the normal cost (just $25).

Philo allows you to stream from three different devices simultaneously. You can even record live or future shows to your DVR and save them for up to one year. And get this — there’s no contract. Sign up right now and get a 7-day free trial!

How Much Does Streaming TV Cost?

Compared to monthly cable bills, streaming TV services can be much more affordable. Prices can range depending on channels or packages chosen.

How Much Can I Save with Streaming Services?

You could save hundreds of dollars each year simply by switching to streaming TV services, and still receive the channels you actually want.

Are There Any Discounts or Promotions Available for Streaming Services?

Many streaming services offer free trials, discounts, or promotions. Some streaming services even offer bundles that allow you to combine TV streaming with music and other subscription-based services for additional savings. Be sure to keep an eye out for any deals or promotions that may be available from your favorite streaming service. Philo currently offers a 7-day free trial.

Are There Any Free Streaming Services Available?

Yes, there are some free streaming services available, such as Pluto TV and Crackle. These services offer a limited selection of movies and TV shows, but they are completely free. You may also be able to find free trials for premium streaming services such as Netflix, Hulu, or Amazon Prime Video.

What Devices Do You Need to Stream TV?

Most streaming services require a device to access their content. You can use a smart TV, a streaming video player, game console, smartphone, or tablet. You may also need a fast internet connection to prevent buffering or lags while streaming. The great thing about streaming TV is that you don’t need any expensive cable boxes or satellite dishes.

Can I Share My Streaming Account with Family or Friends?

It depends on the streaming service. For example, Netflix offers a standard plan that allows two simultaneous streams, while their premium plan offers four streams. You may also consider sharing the subscription cost with a friend or family member. Just make sure to adhere to the streaming service’s terms of use about sharing your account.

Can I Cancel My Subscription at Any Time?

Most streaming services allow you to cancel your subscription at any time. Some services, such as Netflix and Hulu, give you the ability to pause your subscription if you want to take a break from watching without canceling entirely. In any case, read the service’s terms and conditions before subscribing.

Of course, it can be difficult to keep track of multiple subscription services, but by downloading the Rocket Money app, you can keep track of all of your subscriptions and cancel the ones you don’t want in seconds!

Can I Still Watch Live TV Using a Streaming Service?

Yes! Several streaming services — such as Sling TV, YouTube TV, and Hulu + Live TV — offer live TV streaming. Live TV streaming services are generally cheaper than traditional cable TV packages, and you’re not tied down to a long-term contract — meaning you can cancel or pause your subscription at any time without penalty.

What Channels Can You Get with Streaming TV?

Streaming services do offer live TV channels but to what extent will depend on the streaming service provider you choose the options available to its customers.

Do I Still Need Cable TV if I Have a Streaming Service?

No. With a streaming TV service, you can access most of the content you would get with cable TV, so there’s no need for an extra expense. Plus, you have the freedom to choose which services you want to subscribe to, so you only pay for what you watch.

Do I Need to Cancel My Cable Subscription?

Canceling your cable subscription is entirely up to you. You will likely not need it anymore if your streaming TV service provides you with the same channels.