It’s been a little over 3 years since our family has paid for cable TV, and truth be told we don’t miss it a bit. We don’t miss the cable-only TV shows, we don’t miss the special offerings such as the home improvement channels or science channels, and we certainly don’t miss paying the $60+ a month in cash that we were doling out to the cable company.
We brought our TV bill down from $720+ a year to $108 a year simply by switching to Netflix. Streaming services such as Netflix and Hulu offer many of the same great shows that cable or satellite offer, but for a fraction of the cost. In today’s post, we’ll do a side-by-side comparison of Netflix vs Hulu so that you can explore the benefits of dumping your satellite or cable service for a streaming program.
Differences Between Hulu & Netflix
Hulu offers two simple but effective plans:
- $7.99 a month plan that includes commercials
- $11.99 a month plan that is commercial-free
Hulu subscribers can access Hulu’s library of content on connected TVs, smartphones, gaming consoles, tablets, mobile devices and set top boxes. The Hulu service offers content from dozens of different providers, such as ABC, Fox, NBC, CBS, MTV, TLC and many, many more.
According to their site, “Hulu is the only streaming service that offers a library of current season hit TV shows, films, full seasons of acclaimed series, premium original programming and clips to subscribers”
Hulu offers programs much sooner after they air than Netflix does; in many cases shows are available as early as the day after they air. Hulu specializes in streaming top-rated shows soon after they air, but Netflix has their own advantage.
Whereas Hulu offer popular show episodes often within 24 hours of when they air, Netflix focuses more on quantity. Netflix shares thousands of movie and TV offerings – a much larger amount of content than Hulu offers. If you’re okay with not having access to show seasons and movies right away, this can be the way to go. Here are the details for available Netflix plans:
The $7.99/month basic plan
Netflix’s $7.99 a month plan offers several benefits:
- You can watch on your laptop, TV, phone or tablet
- You can watch on 1 device at a time
- Unlimited access to TV and movies
- Cancel anytime
The $9.99/month standard plan
In addition to the features above, the Netflix $9.99 a month plan includes:
- HD viewing when available
- You can watch on up to 2 viewing screens at a time
This upgraded plan can be a great choice if you want to have the ability of two people or groups of people to watch different shows at the same time.
The $11.99/month premium plan
Netflix offers a 3rd plan as well that includes additional features such as:
- Ultra HD viewing when available
- You can watch on up to 4 viewing screens at a time
Even at $11.99 a month, the $144-a-year package options for both Hulu and Netflix are both much cheaper than most cable and/or satellite packages.
With our Netflix subscription, we get streaming of many of our old favorite cable shows, such as Cake Boss and Alaska’s Last Frontier. We may get the season offerings later than when they are available on cable, but that’s of little importance to us.
As you work to challenge every expense in your quest for financial independence, why not start with your TV viewing preferences and trade in your more expensive satellite or cable options for an inexpensive streaming option such as Hulu or Netflix? With the money you save, you’ll be a millionaire in no time. 🙂
Personal Capital will allow you to connect to all of your accounts like your bank, investment accounts, etc. This will not only help you see all of your accounts in one place, but it also has a budgeting component where it automatically categorizes your transactions. This is great because you see exactly where all of your money is going each month!