There’s a certain joy that comes with binge-watching your favorite shows or movies. Netflix has arguably become the most popular streaming service.

There’s nothing wrong with wanting to spread that joy and entertainment with your friends and family. It makes it more fun when you can chat about the latest Netflix original movie.

With Netflix’s new price increase, you’ve started to consider canceling your account.

Hold your horses on the cancellation. Braid has a way to solve that problem.

In this article, you will learn about:

  • Netflix’s price increase.
  • How to share your account with family and friends. 
  • Using Braid Money Pools to split the Netflix subscription cost.
  • How to use the Braid debit card to pay for your subscription.

Netflix Price Increase

Some time ago, there was no way you could live without cable. All of the best shows and movies were only aired on television.

Streaming services are now giving cable companies a run for their money, streaming the same content, and more.

Netflix has been a top streaming service since 2007. Not only do they have television shows and movies that aired in theaters, but they also produce original content.

While Netflix continues to have its users on their toes, waiting for what they will bring next, other streaming services are emerging.

  • Disney Plus
  • Hulu
  • HBO Max
  • Peacock
  • Prime Video

Those are just a few of the streaming services that are in the race for the best online content and to get more users. 

With the competition increasing, all streaming services are in a fight to be the best. This is why Netflix has, once again, decided to increase its subscription prices.

What Does The Price Increase Mean for You?

More money coming out of your pocket. That’s what it means.

  • Basic plan: $9.99 (up from $8.99)
  • Standard plan: $15.49 (up from $13.99)
  • Premium Plan: $19.99 (up from $17.99)

The Netflix price increase will go towards creating better content and kicking the competition out.

Different plans offer different streaming options. 

  • The basic plan allows you to stream on 1 device at a time.
  • The standard plan allows you to stream in HD on 2 devices at once.
  • The premium plan allows you to stream in HD or ultra HD on 4 devices at once. 

How to Share Netflix With Family and Friends

First, let’s address the elephant in the room. 

Is it legal to share your Netflix account?

Technically, yes. You aren’t committing any crime that will put you behind bars by sharing your Netflix information.

While Netflix tells its users not to share their information with people outside of their household in terms and conditions, it’s a common thing that the streaming service hasn’t been able to crack down on.

When sharing your Netflix with others, all they will need is your login information. 

If you’re sharing your account with someone else, it’s important to know the plan you have. If you’re using the basic plan and sharing it with all of your friends, you could run into some issues while streaming.

The best advice is to purchase the premium plan.

Yes, you’re probably worried about the price. $20 a month is a lot to watch movies.

Fortunately, there’s a way to have that amount decreased.

It’s time to make the others pay up.

How to Use Braid Money Pools to Split Netflix Cost

You’ve been considering canceling your Netflix account because the new price increase is slowly chewing away at your grocery money.

It’s your third day of eating packaged ramen noodles.

As soon as you’re about to cancel, you hear that your old show is coming back with a new season. You don’t want to miss out on the excitement and banter about it on social media.

After some thought, you realize it was never fair for you to be the only person paying for the Netflix subscription. After all, your sister uses it more than you do.

Braid has a way of taking care of those leaches. You can do it through Braid Money Pools.

The process for setting up your money pool to split the Netflix cost is rather easy:

  1. Download the free Braid app
  2. Create a pool for your Netflix subscription

Now, there are two ways to go about receiving contributions to your Netflix account money pool:

Let's say you just want people to pay their share whenever the money is due.

Create a pool link for your money pool and send it to your subscriptions members whenever it’s time to pay up.

Whoever you send the link will not have to download or sign up for the app. They can easily contribute their part of the Netflix subscription to the money pool using their debit card.

People who are not members of the pool can’t be given permissions or see transactions.

Ready to start collecting funds for your Netflix subscription pool? Click here to get started.

2. Invite people to join your pool.

You’re probably thinking Braid Money Pools are a good idea to split the cost but how will you get people to pay on time.

Humans forget things all the time. Your friend was just telling you how they forgot to feed their dog the entire day.

Luckily, when you invite people to become members of your pool, you can send them reminders on when their payments are due. Nobody can give you a silly excuse about why they missed the payment deadline.

Members of the pool can easily track expenses by seeing when contributions are made and when Netflix takes that monthly payment.

As the admin, nobody can accuse you of using the Netflix money to order pizza–even though pizza and Netflix go hand-in-hand.

Using Braid Pools to Pay For Your Netflix Subscription

Time to make that monthly payment, and this time, you’re not doing it with a frown on your face because the financial burden wasn’t all on you.

With the Netflix cost split amongst all the users, you feel more at ease.

When it’s time to pay for your Netflix subscription, Braid continues to make things easier.

The free Braid debit card allows you to pay for your Netflix subscription directly from the money pool.

Once you receive everyone’s contribution to the pool, the payment is ready to be made. You can set up your Braid debit card for automatic payments in your Netflix payment methods.

So what does Braid charge you for this smooth process? Nothing at all.

Start Using Braid Today

That Netflix price increase didn’t affect you after all. 

After using Braid to split the cost with others, you’re paying even less than you did before.

It’s like you just activated a new cheat code.

Maybe you can afford to order that pizza now.

There’s no need to wait. Start using Braid to share your Netflix cost with the ones who use it more than you do.