I’ve had Netflix for almost a year now, so I thought it was time that I do a review. Obviously, as someone who closely watches my budget, for me, the question is “Is it worth it?” I’ve been using FeedFliks to track my usage. Right now, I’m paying around $1.40 per movie. So yes, it’s more expensive than Redbox, but cheaper than going to my local rental chain(which actually closed a few weeks ago). It’s definitely cheaper than going to the movie theater, though I think that for some movies, seeing it on the big screen is definitely worth it.
So all in all, I’d say the cost is pretty reasonable.
But do I think it’s worth it? For me, absolutely. As you can see from the price, I’m not renting a ton of movies. I am on the 3 discs at a time plan, and some weeks I watch all three, and some I don’t. But I love the selection. I’ve watched everything from the latest blockbusters to tv shows to small documentaries. The selection is excellent. And this past week, I received the streaming disc for my Wii, so I got to try that out. (For those of you not familiar with Netflix, along with the discs by mail, you can also stream movies directly to your computer or to your tv, if you have the proper equipment – which includes some gaming systems like the Wii.) The disc needs to be inserted into the Wii every time I want to stream a movie, which means it doesn’t get sent back, but it doesn’t count against my 3 discs out either. I was really pleased with the selection of streaming movies, and am excited to see a number of tv shows that I have always wanted to watch but never found the time.
I’m not a huge tv watcher to begin with, but I love having a show or a movie on in the background while I’m getting things done. I always said I didn’t need Netflix, but after a year, I’m definitely a convert. It’s definitely a personal decision – some people might not think it’s worth the money, but even at $1.40 a movie, it’s been worth it for me.
Anyone else love Netflix? Think it’s a total waste of money?
Megan is a 40-something government employee in the Washington, DC area. She got interested in Personal Finance when she got out of college and realized that her paycheck wasn’t going to go as far as she had hoped. Since starting this blog, she has managed to buy a house and make a solid start on her retirement goals, and hopes to help others do the same. Here is her story:
In 2007, I was a gainfully employed 20-something with no debt but not a lot of knowledge about personal finance. It was a co-worker’s comment about Roth IRAs that sent me to the internet, searching for information. It was then that I realized that I really didn’t know a whole lot about personal finance and that my current financial situation was due a lot to inherent frugal tendencies, generous family members, a fear of debt, and good luck. While that was working for me, clearly I needed a better plan.
While I had no debt, I was also pretty much living paycheck to paycheck and not worrying about going over budget (I say this as if I had a real budget) because I had an emergency fund set aside to cover any overages.
Except that’s not what an emergency fund is for.
So I did a lot of research, read a lot of blogs, and decided that I needed a plan. I needed to budget. I needed to know what I was spending my money on. I needed to prepare for the future.
I decided to create a blog not only to make myself accountable to others but also to share the knowledge that I gained along the way. I’ve learned so much from my fellow bloggers, and I hope that my readers can find something useful in what I have to share as well.