Monday, July 19, 2010

Save Money the Lazy Way

[EDIT] Blog has been moved to http://freedom-thirtyfive.blogspot.com/


We all know that we can buy music, games, e-books, movies and even cartoons from online sites and services like iTunes, and Netflix (coming soon to Canada.) But I think sometimes people only see online distribution as a convenient alternative to buying things the old fashioned way, but they don't really understand its full financial benefits.

An online album is often half the price of its physical version. Most games can be bought online sometimes for just a fraction of their MSRP. Steam for example often has unbeatable deals. Being lazy is good. Console games are selling online as well since all consoles have wireless capabilities. Movies and TV shows can be rented or bought at a cheaper price than going to the traditional video rental store. Even TVs themselves have built in software for us to buy, download, and enjoy our entertainment right out of the box.

A digitally downloaded piece of media is always cheaper to make and sell than its hard copy counterpart because it doesn't need to be manufactured, or packaged and shipped, or take a loss from unsold inventory. If saving money is our primary concern then we can save quite a lot by being lazy and buying as much of our home entertainment as we can from home instead of going outside. There are reports stating that typical families spend between $879 and $5105 on entertainment every year, and Americans spend more than 25 billion dollars a year on video games alone. So there are huge savings potential to be had here.

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