How to Save Money on Online Services with a Family Subscription
Online services have become an essential part of our lives in the digital age. From streaming movies and TV shows to listening to music and storing files, these services provide convenience and entertainment at our fingertips. However, subscribing to these services can quickly add up and become expensive, especially if you have a large family. In this article, we'll explore how a family subscription can help you save money on online services.
Tips on How to Make Digital Subscriptions Cost-Effective
Consider the Alternatives
While you're choosing which service to use, it's also worth checking out its alternatives. Each popular service has a corresponding subscription price because of its rating. But at the same time, there are many alternatives to popular services. For example, a monthly subscription to Spotify costs $9.99, but at the same time, a subscription to its alternative, SoundCloud, costs $4.99. And there are many more examples!
Check for Exclusive Deals
Almost all online services have seasonal offers for their users. With us, you can also save money on your subscription. This can be a discount for users who have unsubscribed from the service and want to rejoin service. Or it may be a holiday, and the company makes a special offer for its service to celebrate it. There are a lot of such offers, the main thing is to keep an eye on them!
Share With Your Family
Some of the most popular online services include streaming services like Netflix, Hulu, Amazon Prime, and Disney+, music streaming services like Spotify and Apple Music, and cloud storage services like Google Drive and Dropbox. These services can be expensive when paying for individual subscriptions for each family member.
By signing up for a family subscription, you can save money and enjoy the benefits of sharing the subscription with your family members. With a family subscription, you only need to pay for one subscription that covers multiple users, which is often significantly cheaper than individual subscriptions. Additionally, family subscriptions often come with sharing benefits like being able to share content and profiles with other family members. You also have greater control over access to the subscription, such as being able to set parental controls for younger family members.
What Are the Ways and Risks of Sharing Accounts with Family?
When you share a single account with the entire family, you need to share the password with parents, kids, or other relatives in a safe and convenient way. Sharing passwords with your family can be done in various ways, such as sending them through messenger, email, or even just writing them down on paper. Although these methods may appear convenient, they also pose potential risks.
The use of email and messaging apps for password sharing may not always be secure, making them vulnerable to hacking and cyber-attacks. This is because they lack end-to-end encryption for secure communication. It is, therefore, crucial to exercise caution and take necessary steps to safeguard sensitive information.
It is recommended to use more secure approaches like password managers when sharing passwords with family members. This minimizes the possibility of data breaches and identity theft, ensuring optimal protection of your personal information.
What Are the Pros of Sharing Passwords With Family?
Sharing passwords with family members can offer several advantages:
- Cost-effectiveness: By sharing subscription services such as streaming platforms, cloud storage, or music services, the family can save money. Instead of purchasing separate accounts, sharing an account and its password can benefit all members and lead to significant cost savings.
- Convenience: Sharing passwords with family members can make it more convenient to access shared accounts and avoid the inconvenience of logging in and out frequently. For instance, a shared family Netflix account enables all members to access the same content without needing individual accounts. Similarly, sharing the password for a family account can save time and make communication more accessible.
- Emergency Access: Sharing passwords with trusted family members can help gain access to vital information or accounts in emergency or unforeseen circumstances. For instance, if a family member is hospitalized and requires access to their financial accounts or medical records, sharing passwords can help reduce the burden and make necessary actions more accessible.
What Is the Best Practice for Sharing Passwords
Sharing passwords can be a risky proposition, but there are safer practices that can help reduce the risks and keep your confidential information secure. The best approach is to use a password manager for sharing passwords!
Password managers enable you to generate and store strong, unique passwords for each account and securely share them with specific people. Using a password manager is widely recognized as the optimal practice for sharing passwords with family members. Password managers like Passwarden provide a secure and convenient way to store and share passwords with specific individuals while ensuring that they remain encrypted and protected. This makes it easier to manage and access shared accounts.
Password managers also give you the ability to control who has access to shared passwords, and you can revoke access at any time. Some password managers offer advanced security features such as two-factor authentication to further safeguard your confidential information. In summary, using a password manager to share passwords with family members is a secure and practical solution that minimizes the risks associated with sharing passwords, making it easy and safe for everyone to access shared accounts.