Here's the latest Why I hate Mr Money Mustache Series. Disclaimer I don't hate anyone, I'm jealous in a couple ways, but I also am not a Mustachian.......Here you Go
I always read Financial Bloggers alike and many people for that matter scream to the heavens, STOP WATCHING TV, cut your cable cord and save money. They will then go on to talk about how they stopped spending so much money and in Mr Money Mustache's case "Cut your Cash-Leaking Umbilical Cord".
Well Guess What? I want to watch TV! I want to watch sports, NFL, College Basketball, and any other show that I want to see right this minute! There I said it, I think the reasoning is completely logic. Here's goes:
For example let's say you spend $50 month on the Internet for example, maybe $9/month for Netflix and another $9 for HuluPlus, i don't know, humor me for one second. So there you are spending $68 for "Cutting the Cord" Congratulations to ummm saving money?
Don't get me wrong if you are able to get rid of TV and Wait for It......The Internet then good work, you are Frugal beyond your years and can put that $68 in a monthly account and make 10K in 20 years(no calculations actually done). But every time I read an article about saving money on Cable TV it still involves the Internet. So I skoff(not spell checking this word).
I do think there are many out there spending too much for cable and Internet. If you are spending $200/month and you are not getting paid to be Movie critic on the Internet, I think you have a cable and Internet problem. However if you are paying the small amounts of $40 or $60 month to have the luxury of watching the Green Bay Packers on Monday Night Football then this seems reasonable.
The goal like with Cell Phones and my favorite Republic Wireless and for many across the board is to save as much money while still getting the highest quality product possible. So I skoff(yep one more time for good measure) at the idea of cutting Cable TV, because most of the time it's not really true anyway and you are using the Internet to stream TV. Like every purchase, it's important to do the research and get the most for your money. $480/year is a lot of money to many people and don't get suckered into that $70/month $840 year after the 12 months are up, look for a deal with other providers, reach out to the customer service and get that bill lowered. Just Remember It's OK to have Cable and the Internet which most seem to lull over.
We made a decision to cancel our DirecTV service and go with the above mentioned Internet Plus option through Comcast, we are fairly new into the conversion, so I want to do a separate blog post explaining the cost breakdowns and if it actually works for us.