You have heard this often enough,“Cut the cable, it’s a discretionary expense that can go”.
This is one area that has been vastly advertised as a way to save money – something that I always overlooked.
This is coming from someone that really enjoyed watching various TV shows on Bravo, Food Network, and the occasional Lifetime movies.
It was always embedded in me to veer first towards vegging out in front of the television, rather than doing something productive.
But then again, I was working during that time and everything was on auto-pilot, so that’s just how I spent my free time.
It wasn’t until late 2016 that I reconsidered this option, mainly due to cost-cutting measures.
Trust me, I attempted to get a discount or a plan reduction with the cable company – to no avail.
Finally, the band-aid came off, after 10 years of having cable and a DVR. I cut it all – bye-bye cable.
Bye Cable TV, Hello Digital Antenna + CBS All Access
At the time, I was paying approximately $65/month for basic + a few select channels + HD DVR.
After canceling, a digital antenna was purchased for $27. The antenna provides for basic network channels, and is useful if you want to watch a random show.
Additionally, I opted for the CBS All Access subscription for $9.99/month with no commercials. Using this television alternative, I am still able to watch some of the shows I used to watch whenever I choose – it works for me.
The only downside I have been able to note is that the network will remove seasons without warning and their library of shows is inconsistent and incomplete.
For instance, they have all the seasons for NCIS: New Orleans, but only a few episodes of Big Bang Theory.
I inquired with a CBS representative and they stated that they did not have the rights to all the episodes. After further research, it appears I am back at the same conclusion.
CBS apparently does not have all the licensing rights from all their production counterparties. Interesting concepts…
If you are interested in getting CBS All Access, that can be a setback. Though, there are enough shows to keep you entertained for a while.
Here is a list of shows that may be of interest. Unless otherwise noted, all seasons are available.
• NCIS (crime show)
• NCIS: LA (crime show) – only episodes from current season available
• Scorpion (action/drama show)
• Salvation (sci-fi/political show)
• Star Trek (sci-fi show)
• Big Brother (reality show)
• Survivor (reality show)
Let’s do the math…!
The net difference between regular cable of ~$65/month minus CBS All Access of $9.99/month is ~$55.00/month.
To date, I have a total savings of ~$660 in the past 12 months. Also, take out the one-time digital antenna expense of $27, we are at a grand total of ~$633.
It’s a nice chunk of savings that will continue to increase as time progresses.
The below chart shows the 1-year, 3-year, and 5-year savings using the precise figures, so this gives everyone a look into the savings that will accrue over time given that everything remains the same.
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The Bottom Line
Cutting the cable or reducing your options is not for everyone. It took me 10 years to get to that point!
Take your time and consider if the savings you would accumulate would make it worthy of a second look, and proceed accordingly.
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Readers, if you’re a cord-cutter, any regrets? If you are thinking about cutting the cord, what is holding you back? Please share in the comments below!