Make sure you're getting the most out of your Netflix Account
After a few months, I decided to check out my renting habits using Feedflix.com, which calculated my cost per rental and other statistics about my Netflix subscription.
I knew I had been lax about watching and returning DVDs but I didn't realize that my cost per rental is an astonishing $8.49! More than double what I would pay at any local rental store. Thankfully my per-rental price drops to a more reasonable $2.55 after you take into account my new-found obsession with the Watch Instantly feature.
While I could cut back my subscription like my colleague Tom Barlow did, I am going to try to maximize my value using the alerts that FeedFlix provides. Now, I'll get an email every Tuesday if I have kept a movie more than five days. This will help me stay on top of rentals and make sure that I have something good for the weekend. If my cost per rental is still too high next month, I'll drop my subscription plan down a notch until I find a good balance.
FeedFlix is free and easy to try out, making it an excellent tool for any Netflix subscriber. Taking a closer look at one of my subscriptions has only reinforced the notion that we often overestimate the value of our subscription plans. I wish I could get a similar tool for my Gamefly subscription, since I have a tendency to keep games too long as well.