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How to Cut the Cable TV Cord and Save Money

Tired of dealing with your cable company and paying sky high bills? Then it’s time to finally cut the cable TV cord and save money. In this expert interview we cover details like how much you can save, pros and cons, setup costs, watching sports, best devices and streaming services, and the first steps to get started.

By
Laura Adams, MBA,
September 21, 2016
Episode #466

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Best Ways to Cut the Cable TV Cord and Save MoneySince 2010, the average cable TV bill has increased by a whopping 40% and analysts say rates will continue to go up. Many people are paying big bills near $200 a month or more. If you’re one of them, it’s time to consider how to finally cut the cable TV cord and save money using the best alternatives.

I interviewed Dennis Restauro, the owner and editor of Grounded Reason, an information website to help you cut the cord, and host of the The Grounded Reason Podcast. Here are some of the topics we cover:

  • The main pros and cons of cutting your cable TV cord
  • Set up costs to get the best TV viewing alternatives
  • How to watch sports after you get rid of cable
  • The best devices and streaming services to use
  • The first steps to take when you're ready to save money on cable
  • How much money the average person can save

[Listen to the interview using the audio player in the upper right sidebar of this page or on iTunes, SoundCloud, Stitcher, and Spotify; for Spotify, just search the app for "Money Girl."]

Free Resource: Laura's Recommended Tools—use them to earn more, save more, and accomplish more with your money!

Best Ways to Cut the Cable TV Cord and Save Money

Here are some great tips from Dennis to help you cut the cord on cable TV and save money:

Tip #1: TV is free over the air

Don’t forget that free TV is literally flying past your window. According to the 2015/2016 Nielsen ratings, 82 of the top 100 shows were on broadcast television. Viewers with a TV antenna receive these networks free via the airwaves.

When choosing a TV antenna, don’t fall prey to the marketing of newer “digital antennas.”  If you have an older antenna, it may work perfectly fine.

Tip #2: You can stream network TV shows

If using a TV antenna isn’t an option, you can stream network TV shows on Hulu and CBS all Access for $15 per month.

The remaining shows in Nielsen’s top 100 are available through online alternatives to cable like Sling TV, PlayStation Vue, and Amazon Instant Video. All you need is an adequate internet connection and a streaming device like a Roku, Apple TV, or Amazon Fire TV.

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