Is Amazon Prime Still Worth It? Here's How to Tell in 5 Minutes! - YouTube

amazon prime is getting more expensive in 2022  the annual price increases from 119 dollars to  

139 dollars while the monthly plan increases from  12.99 to 14.99 is amazon prime still worth it i'll  

help you decide next michael here and this is  a question that i've struggled with over the  

years because i shop a lot on amazon and like  the free shipping but i don't consider prime  

video a must-have streaming service i asked  my youtube community how often do you take  

advantage of prime video about half of the people  who responded stream prime video all the time or  

sometimes and if you're one of those people who  enjoy streaming movies and videos on prime video  

i think you are likely to have more of an  incentive to stay after this price increase  

think about it this way you can purchase prime  videos standalone for 8.99 per month but in amazon  

prime membership the whole thing which includes  prime video is 14.99 per month or 139 per year  

after this price hike so let's say that you  pay for prime on a monthly basis that's 14.99  

per month for amazon prime compared to 8.99 per  month for only prime video a six dollar a month  

difference look how the math changes though if you  pay annually for this example we'll break down the  

139 dollar annual subscription into a monthly  figure by dividing by 12 and it works out to  

11.58 per month and that's only about 2.50 more  per month than standalone prime video so if you  

believe that prime video is worth that standalone  price 8.99 a month the other benefits of prime  

are probably worth a couple extra bucks per month  but what happens if prime video is worth little or  

nothing at all to your household to keep things  simple i like to put amazon prime's benefits  

in three different buckets shipping video and  other perks so if we take prime video out of the  

equation where's the value for most households it  is the shipping two-day shipping one-day shipping  

and even same-day shipping in some cases of  course shipping is free for prime members but yes  

you are paying for that free shipping with  the subscription and one thing to consider is  

that you can get free shipping without prime as  long as you spend at least 25 on eligible items  

but be prepared to wait it is not fast shipping  you may have to wait five to eight days  

for delivery and if you have amazon prime  primarily for the shipping not the video think  

back to the math that i just showed you a moment  ago 139 for the annual subscription divided by 12  

works out to 11.58 cents per month so some  questions to ask are do i order enough from  

amazon to justify the cost of the membership do i  really need fast shipping or could i plan ahead to  

take advantage of amazon's free shipping without  prime are costco were walmart plus memberships  

a better fit for my household and if i made my  current amazon purchases at a physical store how  

much time would that take and how much money would  i spend on gas when i was thinking over whether to  

keep prime the first thing i did was i went to my  recent orders and looked over those transactions  

for some patterns in my spending but if you want a  real shock download your order history report have  

you heard of this i'll drop a direct link to the  tool below but you can run a report and find out  

how much you've spent on amazon since you first  signed up for me that is 12 years of using amazon  

most of that as a prime member we've talked  about video we've talked about shipping and  

now i want to talk a little bit about the  other perks because for some households  

these can really add a lot of value to prime  amazon music prime gaming amazon photos prime  

reading amazon pharmacy and that is just to name  a handful also one that can really add up special  

prime discounts at whole foods market plus grocery  delivery and pickup which i didn't mention earlier  

and you can also get five percent back at whole  foods and amazon.com with the prime rewards visa  

regular viewers of this channel may know that i  rotate my streaming subscriptions to save money  

but amazon prime is one that i've traditionally  paid annually i think i may be changing that up  

when it comes up for renewal look the annual  amazon prime subscription is a great value  

if you take advantage of all the perks but for  people who don't use it as much you can rotate  

this subscription like so many others thanks  to that monthly payment option and sign up for  

only a month or two at a time so if you are on the  fence about keeping amazon prime the only way to  

know for sure whether it's worth it to you is to  try and live without it for maybe a month or two  

and if you decide that you can't live without  prime you can always sign back up again  

at the new pricing let me know in the comments  if you think amazon prime is still worth it after  

the price hike and check out my second channel  for savings beyond streaming i'll see you there