Amazon has announced that starting today, January 19th, if you sign up for a new Amazon Prime account, your monthly cost will increase from $10.99 to $12.99. Starting today, January 19th, if you sign up for a new Prime Student Monthly Plan, your monthly cost will increase from $5.49 to $6.49 per month. If you have an existing monthly Prime or Prime Student account, you will pay the new price for renewals starting after February 18, 2018.
There is good news though! If you pay for an Annual Prime or Annual Prime Student account, your cost will stay at $99 per year or $49 per year (for students). It definitely pays to pay for an annual membership right upfront instead of paying monthly!
Head HERE for more info directly from Amazon on it’s price increase.
Want to know my thoughts on this? If you have the funds to purchase an annual membership upfront, versus paying monthly, $99 per year is worth it. I love being able to get free 2 day shipping on all of my Prime eligible orders. We also watch Prime movies & TV shows weekly AND I’ve become addicted to streaming music to my phone or speakers. I know longer listen to CDs – instead I just listen to music on Amazon. The annual cost of $99/year is definitely worth it for us. However, if you pay monthly, you will be paying $155.88 per year ($12.99 x 12 months). That’s a significant increase. $155 could still be worth it for you but I think you need to really evaluate if you will use Prime and it’s benefits enough to get your money’s worth. And like I said, it definitely pays to pay for an annual membership instead of paying monthly.
If you are not already a member of Amazon Prime, head HERE to get a free 30 day trial membership. Below are some of the many perks Amazon Prime members get:
- FREE Two-Day Shipping on millions of items
- Get early access to Amazon Prime Lightning Deals
- Unlimited, ad-free access to over a million songs
- Instant streaming of thousands of movies and TV shows with Prime Video
- Free unlimited photo storage in Amazon Cloud Drive
- Choose from 800,000 free books each month through Kindle First and the Kindle Owners’ Lending Library
Thanks for coming to Addicted to Saving! Here’s a little bit about me so you can know who’s behind all these posts!
My name is Liza and I began my money-saving journey in the Spring of 2009 as a way to stretch a limited household income. I had lost my job and my hubby was self-employed. I launched Addicted to Saving in November of 2009 and it has grown by leaps and bounds. Since then, my hubby and I have struggled with the ups and downs of two failed adoptions and are now LOVING being parents to our little man Asher who we brought home from Ethiopia in August of 2013. I feel incredibly blessed to be able to help you save money. My goal is that you will have FUN and become empowered to save more and more money each week..