It’s no secret that the economy has cut into budgets. The middle class has all but disappeared. In this struggling economy, it is more important than ever to find ways to save money on cable TV, satellite and internet.
Evaluating non-essentials and cutting back on those that are not as important can save consumers a lot of money. Many people are canceling their traditional TV subscriptions.
Notably, The TV industry has lost millions of traditional subscribers in recent years.
The “cut the cord movement” is taking thousands of customers from cable and satellite every day and is not slowing.
Thanks to Apple, Amazon and Ruko offering the best streaming devices for an affordable price, there really is no need for cable or satellite anymore.
Today, Money Examiners looks at the reasons why and the future of television as we see it.
What is certain? Change and upheaval. Who will benefit? Hopefully, the viewing public.
How To Save Money On Cable TV and Satellite
When you save money on cable TV and satellite subscriptions those funds can be used to pay for necessities and contribute to savings so that you aren’t in a bind when you have an emergency.
Do You Really Need 200 Channels?
The television industry has put viewers in a quandary.
Free television is typically limited to a few local channels and PBS. Television broadcasters were de-regulated during the Reagan Administration, but many of the changes took years to go into effect.
These days most consumers need to stretch money further and those 200 channels that cable and satellite companies offer aren’t quite as necessary as you once thought.
After all, who needs all the info commercials offer anyway. It’s no wonder why customers are leaving satellite and cable companies in droves.
However, there are lots of alternatives available for television thanks to high-tech
First, talk to your cable or satellite provider and find out if there are less expensive packages available.
You should also use this as a good time to negotiate a better rate, if you want to keep the service. Cable and satellite companies know the competition is stiff and don’t want to lose another customer.
If you can’t get a better deal, consider going to basic television and getting one of the streaming boxes that are available today. These boxes let you stream from the internet to your television.
ROKU, Apple and Amazon offer popular boxes that don’t require monthly subscriptions.
Take the time to explore these options. You can easily save $100 or more per month.
Is Cable TV Worth the Cost?
Internet providers are savvy and know that most consumers want the fastest service possible, so they set up various levels of service.
However, they neglect to tell you that you are not guaranteed the speed they advertise and that the speed is usually only one way.
You may not be able to download as fast as you think and some providers actually limit the speed at which they provide service to customers.
Cable TV Subscribers Are Cancelling Services At An Alarming Rate
The declining number of traditional TV service subscriptions comes in concert with the plethora of new Internet-streaming services.
Sling, Google’s YouTube TV, and Hulu are the biggest, but DirecTV Now and PlayStation Vue are also players in this tournament.
The streaming services used to offer warmed-over “On Demand” reruns, but they have stepped their game up in a big way.
They now include local and national broadcasting networks along with sports channels. There is little wonder that many paid television subscribers are dumping the box and switching to the online equivalents.
Since July 1, broadcast satellite providers lost more than 750,000 subscribers. Kagan Research described the hit to the traditional providers as “their worst quarter on record.”
Additionally, almost 95,000 subscribers dropped their combination television/cell phone packages. Verizon took the biggest hit, losing about 64,000 subscribers.
As far as cable television is concerned, Kagan Research counted the losses from the beginning of this calendar year.
Over that long period of time, the cable guy lost about 1.05 million subscribers. That’s the worst performance in over four years.
It’s a signal that the flood is only beginning to take its toll.
Traditional Broadcast Networks Are Changing
In response, traditional broadcast networks (like ESPN) are attempting a new tactic. They are debuting proprietary paid subscription plans.
Even Disney, who some believed was immune to these kinds of things, is introducing a streaming service sometime in 2019.
The Kagan Research report is bad news for traditional TV providers, but it isn’t the first such report the industry has heard.
It follows an eMarketer forecast estimating that 51 million people are expected to forego satellite and cable subscriptions.
Newer, cheaper, and at least as good television subscriptions from YouTube TV and Sling are the biggest reason for this drop.
Streaming Devices Are Much More Affordable
Researchers have made a note of the migration and found that some of the new streaming services are indeed cheaper than conventional TV.
Research firm cg42 reported that cord cutters pay an average of $118 per month for their television package, whereas you can get a streaming device for a fraction of that, for a one-time payment.
The leading streaming devices are:
For years, cable and satellite subscribers felt like a change. Now, they don’t have to fight that feeling anymore.
How To Save Money On Cable TV and Satellite – Conclusion
Check your internet bill. If you are paying for ‘ultra fast’ or ‘elite’ service, you can sometimes save money going back to a normal or minimum internet service and you probably won’t see that much difference.
It’s hard to cut your internet bill out completely, particularly if you work from home or have school age children.
Most of us use the web everyday from home at least several times.
However, you can cut back on the costs of many cable, satellite and web services shopping for a new service or buying an antenna for local channels and ROKU or a similar service from the web.