Despite recent claims that cord cutting is becoming more expensive than cable, the truth is that you can still save significant money by ditching traditional TV. Recently we have seen companies like Spectrum and DIRECTV raise their prices twice in just 12 months.
Here are some tips to maximize your savings in 2024:
1. Rotate Streaming Services
Take advantage of the flexibility of streaming services by subscribing only when you need them. If you’re caught up on your favorite shows, consider canceling your subscription and switching to a different service with fresh content.
2. Embrace Free Streaming
Explore the growing number of free ad-supported streaming services like Amazon’s Freevee and Pluto TV. These platforms offer a wealth of movies and TV shows, including older seasons of popular programs, without any subscription fees.
3. Buy Season Passes Instead of Subscriptions
If you’re only interested in a specific show, consider buying a season pass through a platform like Amazon instead of subscribing to an entire streaming service. This can be a cost-effective option, especially for shows with shorter seasons.
4. Utilize an Antenna
Don’t underestimate the power of an antenna! Most Americans can access free over-the-air TV channels, including major networks like ABC, CBS, FOX, and NBC, with a simple antenna. This is a one-time cost that can significantly reduce your monthly entertainment expenses.
5. Opt for Ad-Supported Plans
Many streaming services now offer ad-supported plans at lower prices. Take advantage of these options to save money while still enjoying your favorite content.
Bonus Tips
- Annual Plans: Consider switching to annual plans for services you use year-round to lock in lower rates and avoid price hikes.
- Bundled Services: Explore bundled streaming services that offer discounted rates for multiple platforms.
Cost Comparison
The average cost of cable TV is $147 per month, excluding internet. In contrast, a bundle of popular streaming services like Max, Paramount+, Peacock, and Disney+ can cost as little as $30 per month. Even with a live TV streaming service like YouTube TV added, the total cost can still be significantly lower than cable.
Potential Savings
By implementing these cord-cutting strategies, you can save over $100 per month compared to traditional cable. These savings add up to over $1,000 per year, putting more money back in your pocket.
Cord cutting remains a viable way to save money on entertainment expenses in 2024 and into 2025. By being mindful of your subscriptions, utilizing free options, and exploring alternate viewing methods, you can enjoy a wide variety of content without the hefty price tag of cable TV.