We finally pulled the plug, well mostly.
The one holdout on our monthly expenses was the cable “bundle.” We (stupidly) signed a (stupid) contract that had us at $99/month for phone, cable and internet for a year, and then it jumped to $144/month for the second year.
We also have a TiVo which I adore (almost a much as my hubby), which is going as well. That’s another $12.95/month.
Learn more: Cut The Cable and Save Over $1000
After reading a post on Lifehacker I convinced my TV loving hubby to give up the cable in favor of an Apple TV and Boxee. With these 2 things we can stream any show we can find on the internet. The big losses are the shows on HBO and Showtime that we love, but we can always purchase those through iTunes or as a DVD set at the end of the season (I prefer to watch things this way anyhow).
- The total investment was $242, and some time.
- The savings is approx. $90/month. (we also downgraded the home phone)
- Payback time: less than 3 months, and if we sell the TiVo box we currently have it may be even quicker.
The cable company did charge us a cancellation fee for breaking the contract which we tried to negotiate but they wouldn’t budge. Since we are paid into March though the services will be pro-rated and we will owe only a small portion of the $150 fee.
Learn more: Cutting the Cable Update
I think the other benefit to not having TV is that we get more stuff done. When we were in the process of remodeling our previous home we cut all the services for 7 months. When we were there we were cleaning for showings, or getting it ready for sale, so there was no time to watch TV. We purchased one DVD set (Rome) and watched it super late at night.
We’ll be weaned onto Apple TV since the cable is not shut off yet and the TiVo doesn’t shut off until 2/24. (we’re paid through then) I think the kiddos will have it the hardest but considering the glut of other electronics in the house I hardly think they’ll be lacking in activities. It may finally make movie night an event instead of a frequent request.
Learn more: 7 Tips For Living On One Income
Do you have cable? Is it worth the fees for you? If you could tally up the hours you use it versus the cost how much would it cost you per hour?Does anyone need a Series 3 TiVo? 😉