Last year I finally took the leap and cut the cord. I can say I am now happily cable free. Obviously, the main reason I cut the cord was due to the insane monthly cable charges that seem to be on an upward trend. The fact that monthly cable charges are increasing year after year is surprising considering that there is a clear trend that more and more subscribers are ditching cable.
There are two main factors that come into play for those who choose to cut the cord, first the cost and the second is the increasing choice of online streaming services. With online streaming services such as Netflix, YouTube, Amazon Prime, Crave TV and so on, there is enough quality choice available that the decision is becoming increasingly easy to cut the cord.
I was paying $63 per month for cable alone for a basic package, internet extra on top of it. Then came the promise of skinny packages, the promise to lower our cable bills by picking only the channels we want. I don’t think I need to go into too much detail on the disappointing outcome of this option.
I never watched anything on cable, the only reason I had it was for a single channel for my daughter. Paying $63 per month to watch one channel is outrageous but those with kids will understand why I kept the cable. However, Netflix changed all that with so much content for kids. For me, all I need is available on Netflix, with the convenience to watch when I want to watch with no commercials. Netflix fulfills all the viewing needs of my daughter and she didn’t even notice that we had gotten rid of cable. I am now saving over $750 per year just by cutting the cord.
The only factor to consider is the internet usage charges if you are going to switch over to online streaming only. However, with an unlimited usage plan you can stream to your heart’s content.
Switch to Roku
The day I decided to cut the cord, I bought Roku 3. I bought it for $79 from Amazon, pretty amazing price. Roku 3 provides the ability to watch Netflix and add additional channels. After using Roku 3 for a couple of months, I am amazed at how powerful it is. It has an unending supply of TV shows and movies, YouTube is filled with instructions on how to add new channels.
If you are looking for a way to squeeze out some extra savings from your budget, then this is an area that you must consider. For me saving $750 plus a year without making life changing decisions breathes new life in my budget.
Take a look at your viewing habits and ask yourself if you really need cable and weigh in the cost of keeping it.