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Cable companies increase prices and cord cutting has never looked better

cable fees increase

Cable companies are increasing prices again

Still have cable TV? Thinking about cutting the cord? Right now may be a great time to cancel your cable service since their prices keep going up.

cable companies

In 2018, it was reported that if you still had Spectrum’s cable TV service, you’d get ready to pay more. Depending on the market and package(s), you’d have seen an increase in your broadcast TV price from $8.85 to $9.95, and your receiver cost would have gone from $6.99 to $7.50. Digital adapters also rose from $4.99 to $5.99 each and, if you had the Latino View add-on, it went up from $7.99 to $8.99 a month.

When you add it up, some customers have been paying an additional $91.32 every year. This is almost as much as a year of Hulu’s limited-commercial plan. It is also more than the Disney service, which is $6.99 per month or $69.99 a year.

Survey says…

Still not convinced? A survey of 3,3385 consumers by the research firm cg42 concluded that the average cord-cutter saves $85 a month. According to that survey, the average cable customer paid approximately $203 on average for TV and internet, whereas the average cord-cutter paid $118 on average for internet and TV.

Worried about having to subscribe to streaming services? The cg42 survey also found once again that most cable TV subscribers already subscribe to at least one streaming service like Netflix or Hulu. With the best TV now no longer on cable TV, it is no surprise that cable subscribers would also pay to access shows like The Handmaid’s Tale or Stranger Things. So, it is very likely you are already paying for several services that can help you break free from cable TV.

Longterm savings

cable companies

Still need one last push? My family has saved over $9,000 since we cut the cord several years ago. At the time we paid over $112 every month just for cable TV (we had DSL internet that was separate from DIRECTV, which also raised prices in 2018). We also already had Netflix and Amazon Prime on top of the DIRECTV subscription. So, not only did we pay $1,344 a year to DIRECTV, but we also paid $99 to Amazon and $108 to Netflix (under the old pricing) for a grand total of $1,551 a year.

Have you already cut the cord? How much are you saving? Leave us a comment and let us know.