My family has been with no cable TV for over 2 years now. We’ve saved almost $1000 over that time. Well, we didn’t really save; we didn’t have to spend is more accurate. I imagine some people have more expensive cable packages–in the $100/month range. At this rate, someone could easily reduce their yearly spending by at least $1000 per year! That is significant especially in this poor economy.
You might be wondering what we do for entertainment since the TV is generally the modern-day traditional entertainment center. The secret is high-speed Internet and streaming video.
Within the last decade, high-speed Internet has been here and affordable. It costs me around $30 per month to maintain DSL speed Internet service. In 2007, Microsoft came out with built-in WiFi on their Xbox units. A year later, Netflix became available on the Xbox. With wireless access points for the home being available at a very affordable price, these two events set the stage for Internet TV.
Today, between YouTube, Netflix, Hulu, and the occasional DVD purchase, we can pretty much watch anything on TV. The only thing we cannot watch are those pay-per-view type events or other events that only makes sense to watch live. But I think it is only a matter of time before the networks realize that the Internet is the way to go.
This is the basic setup I have:
- Console: Xbox 360 4GB Console – around $200 at Amazon.com; you can use the Wii or the PS3 also
- Internet service: Verizon’s DSL Service – around $30 per month; any high-speed Internet service will generally do
- Wireless router: NETGEAR RangeMax 150 Wireless Router – around $70 at Amazon.com; this one has been pretty reliable for me
- Streaming service: Netflix – $7.99 per month
Have you cut the cord yet? If so, how are you doing it?