Money Savings

Can Cutting Cable Help Save Your Finances?

If you're finding trouble saving to get ahead, could cutting cable help you get your money right? Yes it can and this article shows you how!
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Okay, let’s talk.

I love keeping it one-hundred and this is one issue that really perplexes me. Like, literally it drives me nuts!

Broke people and cable.

And no, I’m not saying “broke people” to throw shade and make it seem like I’m all fancier and richer than thou. I’m saying “broke people” because this is how some of you are referring to yourself so I’ll just go along with it for now.

I come across this more than I’d like to and the conversation always begins like, “We broke…I don’t know how we going to do this…Something isn’t going to get paid…Maybe I should cut back on groceries…Or maybe I shouldn’t go out for lunch as much…Maybe I should…”

Yeah, these things will save you money but why can’t you put cable in the mix of things you’d like to cut back on?! Like, seriously. I understand it can be hard to part with Oprah and Tyler Perry. Or perhaps your beloved sports and such.

But get this – Oprah and Tyler are already rich. You giving them your coins, hollering about being broke, and wondering why you still trying and Oprah and Tyler ain’t.

So for the love of me, I can’t understand why cutting cable (even if it’s temporary) is such a big deal.

I didn’t come here to berate folks, though. I’m simply trying to understand why cable is so much more important than stacking coins.

Cable in my area costs $130 and up per month.

Yes, $130!

And yes, you can call the Dish people for those introductory deals but eventually, that good thing comes to an end too.  So while there was some initial resistance from my hubby (he loves sports), I eventually convinced him that it was in our best financial interests to cut cable.

That was six years ago and we haven’t looked back! Six years of an additional $130 that was left in our budget to help us get ahead.

But let’s be clear, Cutting cable doesn’t mean you have to go without entertainment. We still watch our favorites and not once have we felt like we were ever missing out on anything.

So, that’s what I want to talk to you about today! Now that I’ve done my little cable rant today, allow me to present to you a sweet  solution to your entertainment dilemma. A solution that will help you save major dough!

 

If you're finding trouble saving to get ahead, could cutting cable help you get your money right? Yes it can and this article shows you how!

 

Cutting Cable With Amazon Firestick

When we decided to cut cable, we initially purchased a Roku streaming device for our living room. However, after using it for a couple of years, we wanted to try another popular device for our bedroom. This device was cheaper and we liked it so much better!  We decided to go with an Amazon Firestick.

What is Amazon Firestick?

Well, the Amazon Firestick connects to that little thingy (HDMI port) in the back of your television. When you get it all set-up with your Amazon account, you will have the option to download over 4,000 apps, channels, and games.

Some of my favorite apps are Hulu, Netflix, and SlingTV.

Hulu

Hulu allows you to catch up on this seasons shows that you might miss. For example, right now I’m trying my hardest to see Michael Ealy’s fine self on ABC’s Secret and Lies; however, the reception isn’t all that great right now with our antenna. Well, I can watch it tomorrow night (free of interruptions) on Hulu Plus.

Well, I can watch it tomorrow night (free of interruptions) on Hulu Plus.

There is also an option to add a Starz subscription for all of you Power addicts. And did I mention that Hulu will only set you back $8 per month (without Starz)?

Netflix

Now Netflix, on the other hand, is for my binge watching. It allows me to tune into just about everything! Each year Netflix also delivers entire seasons of its very own television shows. For instance, I’m totally hooked on Orange is The New Black and Luke Cage.  These shows are exclusive to Netflix only. I also like to re-watch (for the thousandth time) Grey’s Anatomy.

Sling TV

Sling TV is something I’ve recently been put onto as well. I noticed my mobile (T-Mobile) company was offering a $14.00 deal per month for the first 12 months for Sling TV. I signed up for it and added an additional $5.00 lifestyle channel package to see if I liked it.

Basically, using this, I’m able to look at everything I used to watch on cable without the cable contract. For instance, Lifetime, LMN, HGTV, Freeform, BET, VH1, and more. And of course, my husband loves it because it has ESPN.

The good thing about Netflix, Hulu, and Sling TV is you can pay for these subscriptions as needed. For example, Netflix is $10.99 per month; however, if I only wanted to use Netflix to catch the next season of Luke Cage or OITNB, I could cancel it until the new seasons come out.

I can also do the same with Sling TV. We recently finished our 7 day trial of Sling and I have yet to determine if I will keep it each month. Right now it’s just nice catching up on a little bit of stuff and my hubby has been enjoying watching some games he couldn’t get on local television.

 

 

How to Save Money with Amazon Firestick

1) First, you need to purchase a digital antenna. When you cancel cable, you will need this to receive your local channels such as ABC, NBC, CBS, etc. We have two different kinds of antennas – the one similar to this antenna seems to work the best.

2) Next, purchase your Firestick from Amazon. The set-up is very easy and you use the same account information that you have with Amazon.

3) Once you have your antenna and Firestick all set-up, you can go through and add the channels that you want. I recommend starting out with Netflix and Hulu Plus (both offer trial periods).

Netflix will set you back $10.99 per month and Hulu Plus is $8.99 per month.

However, if you’re an Amazon Prime subscriber, be sure to take a look at the titles and shows available to you as an Amazon Prime subscriber. You’ll notice many of them are similar to the offerings on Netflix and Hulu Plus.

If you’re new to Amazon Prime, they have a free 30-day trial so you can test the waters to see if it’s right for your entertainment needs. Try Amazon Prime 30-Day Free Trial

 

Can Cutting Cable Help Save Your Finances?

Well, let’s do the math.

To deal with cable, you’ll be shelling out $130 or more. I’m quite aware that some of you scored some better deals than this amount, but the rest of us are jealous of you so we’ll stick with the amount that’s been driving us crazy, m’kay?

Okay, so $130 for 12 months comes out to a total of $1,560 for the entire year. That’s a lot of money. Like, that’s a starter emergency fund kinda money.

By cutting the cable and getting a subscription to Hulu Plus and Netflix, you’re looking at a total of $19.98 per month. That’s a total saving of $110.02 per month that can go towards your debt or savings!

Not to mention that the Firestick and Antenna will only set you back about $70 for an initial startup cost.

Even if you decided to splurge for Sling TV, that’s only an additional $20 per month (if you’re doing the basic package), so you’ll still be saving major dough.

I don’t know about you, but I like the idea of saving that money!  Shoot, that’s enough savings for you to INVEST in the cable company.

 

Wrapping Thangs Up

Now let me be clear. I’m not knocking you if you decide to keep cable. I’m an advocate of BUDGETING for the things you want in life.

If cable is something you can’t part with and you’ve found a way to work it into your budget and still be able to save for unexpected expenses, budget for your needs, and get rid of your debt – by all means, keep the cable.

However, if you’re living paycheck to paycheck, deep in debt, and crying broke all the time – something’s gotta give. Seriously. Cutting the cable may be a temporary solution to your problems.

You could take that $130 to build a small emergency fund. You could split that $130 between savings and paying off debt. There are many things you can do to get ahead with very little money.

So, my advice is to think of all of your current financial limitations and how cutting cable could help you solve a few of them. If Power or The Have and Have Nots happen to be something you could live without, then maybe cutting cable can help you save your finances after all.

 

Have you considered cutting cable? If so and you haven’t pulled the plug, what’s stopping you?

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Latoya Scott
Writer/Creator
Latoya is a writer for hire who loves talking about budgets and money. Her mission includes paying off $79,000 in student loans and aspiring other millennials to hustle their way towards financial freedom. Her work has been featured on The Huffington Post, Rockstar Finance, and My Fab Finance.

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30 Comments

  • Reply Alexander @ Cash Flow Diaries November 9, 2016 at 12:59 pm

    Oh it definitely works!! I cut my $120 directtv and replaced it with netflix/prime/sling. So in other words I went from about $1400 per year to about $500. It adds up!!

    If you havent done this yet, do it!! 🙂
    Alexander @ Cash Flow Diaries recently posted…Amazon FBA Income Report After The First Two MonthsMy Profile

    • Reply Latoya Scott November 9, 2016 at 9:54 pm

      Yes, it really helps you save and I spend less time in front of the television and more time on this computer writing for extra income:)

  • Reply Kemkem November 9, 2016 at 12:59 pm

    It’s usually the same people that have the fancy phones too. Those two things can add up to a lot of money 🙂 . Wake up people!
    Kemkem recently posted…Is Johannesburg colorful and vibrant? Oh Yes!My Profile

    • Reply Latoya Scott November 9, 2016 at 9:54 pm

      Yeah, I’m guilty of that fancy phone, but I got my phone on a strict budget and I’m not willing to drop $800 for an iPhone. I’ll stick with my cost efficient android and cheap t-mobile plan.

  • Reply MJ November 9, 2016 at 5:35 pm

    Our cable bill is high. We have cable because it is my husband’s downtime “activity”. He works really long hours so this is a fight I have not won but I am still trying. LOL. I would like to get rid of it altogether but at the same time, I don’t knock people who want to keep it. Saves money yes but for some like my husband, it’s his thing.

    • Reply Latoya Scott November 9, 2016 at 9:53 pm

      Yeah, I definitely understand. He may like Sling TV though. I really don’t see a difference with it because you can get the sports channels and stuff like that.

  • Reply KenyaRae November 10, 2016 at 12:15 pm

    We are coming up on theee years cable free and we don’t Miss it one bit. We use Hulu, Netflix and the fire stick and an antenna for basic. But I’m not a big tv watcher cause I have things to do sooooo yea! Thanks for schooling folks! ❤️💕❤️
    KenyaRae recently posted…What 35 Years on This Earth Has Me Thinking About LifeMy Profile

  • Reply Carlana Charles November 10, 2016 at 12:32 pm

    Cutting cable 2 years was no challenge. I have an app on my PC that allows me to see cable for free and I have Netflix for my shows like Luke Cage, Scandal, etc. I spend my free time mostly listening to podcasts and reading so I am thinking of cutting Netflix, too. There’s a lot of content for free on YouTube and I have been enjoying those as well.
    Carlana Charles recently posted…Untethering – letting go of my cell phoneMy Profile

  • Reply Stacie November 10, 2016 at 2:05 pm

    I’m not a big cable fan because it’s just too expensive. But my kids just ordered something from their PS4 and it’s real affordable.
    Stacie recently posted…Everyday Mom Syle: My UniformMy Profile

    • Reply Latoya Scott November 12, 2016 at 2:04 am

      I know right, the cost is unjustifiable in my book.

  • Reply Emily @ JohnJaneDoe November 10, 2016 at 4:05 pm

    We’ve been minimal cable ($15 a month for basic 15 channels) for a while now, and I’m still not sure why we didn’t just put up an antenna and stick with an internet only plan. Jon bought one a month ago but hasn’t installed it (we get more channels with the antenna than we do with cable) and I’d love to pick up Sling to complement Netflix and Amazon before basketball season.

    But I don’t miss big cable. I don’t miss the bills, I don’t miss (most of) the shows, I definitely don’t miss commercials, and I don’t miss all the extra time we spent watching TV when we had 400 channels.
    Emily @ JohnJaneDoe recently posted…Make A Decision Already: The Dangers of Keeping your Options OpenMy Profile

    • Reply Latoya Scott November 12, 2016 at 2:06 am

      Yes, all of the above! I don’t miss it one bit. The novelty is wearing off with SlingTV though for me. We’ve had it 3 weeks now. I’m sure my husband will disagree though:)

  • Reply Daria November 10, 2016 at 10:49 pm

    I’ve definitely thought about cutting cable before. If it were just me, it would have been done a long time ago. My bill is a little over $200.00, and that’s without the premium channels such as HBO and so forth. I will definitely look at some of these alternative outlets and see about a compromise. Thanks for sharing.

  • Reply Mimi Green November 10, 2016 at 11:36 pm

    I have a Roku and Netflix and I just can’t cut the cord. I’m sure I could save money on that bill but lord knows at this time I can’t figure out how to functin without it. #addict
    Mimi Green recently posted…No questions asked, slay your guest with this DIY Jeopardy GameMy Profile

  • Reply Ayanna November 10, 2016 at 11:36 pm

    Truth!! We just cut our cable a few months ago and I don’t miss it. We have Amazon Prime, so my kids get to watch a ton of their shows on our smart tv. My husband and I barely turn on the tv now because all we have are the local channels and that fine with me. It made no sense for us to have 200+ channels and only watched 10 of them.
    Ayanna recently posted…Are You Focused on the Wrong Things?My Profile

    • Reply Latoya Scott November 12, 2016 at 2:07 am

      Exactly. I don’t have time for all that tv watching, lol

  • Reply Kasi November 10, 2016 at 11:37 pm

    This is a great post, with great tips! I considered cutting my cable bill before, but I instead got a cable+internet combo that would be cheaper than cutting my cable and having Internet only, so I kept it.

  • Reply Patranila November 11, 2016 at 4:36 am

    Last year I was seriously considering cutting the cord. I bought a physical antenna and had it all mapped out and then Verizon Fios came around offering me a crazy good deal and huge gift card. They got me!

  • Reply Kiwi November 11, 2016 at 12:22 pm

    Between Netflix, the firestick and even Youtube I really dont need cable anymore. Seriously when I move I am considering not getting it!
    Kiwi recently posted…What A Smart Car! Reviewing the 2017 Ford Fusion EnergiMy Profile

    • Reply Latoya Scott November 12, 2016 at 2:08 am

      I hear you. I wish all these streaming options were available when I was single. I could have saved a killing!

  • Reply Cleverly Changing November 12, 2016 at 7:35 am

    Cable is such a waste in my opinion. My kids rarely watch TV so we don’t usually even turn it on. I always can think of something else that I should be doing to generate income or preparing for the week.

  • Reply Jeff November 13, 2016 at 2:45 am

    Hi Latoya, our family loves sports so they don’t want to cut the cable but we’re on the bare minimum tv plan with internet. Not to mention those sneaky cable companies always adding on some new hidden charge on every bill! Time to cut the cable for good! 🙂

    • Reply Latoya Scott November 20, 2016 at 10:23 pm

      You might be able to get by with SlingTV. Check it out to see if it meets your sports needs!

  • Reply Francesca - From Pennies to Pounds November 13, 2016 at 6:19 am

    I would definitely cut it if it weren’t for my husband who would be lost without the TV, lol. But I negotiated our contract to get it as cheap as humanly possible!

  • Reply Eva November 15, 2016 at 5:12 pm

    Trying to get that dish cut out, but I grew up without it, so it is one of those things that I like to have, but probably don’t need – like carpet. We had hardwood floors, and I was so jealous of people with carpet. I see the light now – hopefully that will happen soon with cable.
    Eva recently posted…I DID That! Paddle Boarding and Sailing in Negril, JamaicaMy Profile

    • Reply Latoya Scott November 20, 2016 at 10:22 pm

      Yeah, I grew up without cable too. I got over the novelty when that high behind bill started coming every month. Luckily, there are cheaper options now.

  • Reply LaShawn November 28, 2016 at 7:46 am

    I have considered cutting cable but I needs it. LOL What I did do was cut it down to basic. I tried to just do Hulu Netflix and Sling, but my husband just couldn’t do it. LOL.

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