Tiny wins are small gains I’ve made. They may not save me tons of money or time, but making these little advances keeps me on my toes thinking about ways to improve and get me towards my goals of increased happiness and freedom through financial independence.
Did you know you can share a Netflix plan? But first, a few words on why.
One way to look at your “small” monthly fees
Cable and satellite plans are not a part of my life. Monthly fees in general are something I try to avoid. I subscribe to the 4 percent rule of financial independence, which means that any monthly fee I incur will require 300 times that amount in my bank account to be financially free.
So not only does a $50-a-month cable plan waste my time, I also need to save up $15,000 to sustain it. Forget that.
I do have Netflix. Maybe someday I’ll ween myself from it, but for now, it’s cheap entertainment, especially compared with the alternatives. I would need $2400 in retirement money to support the $8/month for their lowest priced plan.
Unless I hack the system.
Now before I say more, I’ll have you know I’m an honest person. I don’t like to save money in a way that is dishonest. I own a small business and I’m not here to take advantage of a business or a person.
I’ve looked at the Netflix terms of service and there is nothing against sharing an account with someone, so I share an account with my frugally-minded brother. Now we’re only allowed one screen at a time each, but that’s enough for us. I send him $4 per month automatically through my bank’s bill pay service.
And now I have $1200 less to save for retirement.