Is Cutting the Cord on Cable Worth It? Consider These Cost and Content Factors

In the age of streaming services, many are questioning whether they should cancel their cable subscriptions. While platforms like Netflix and Hulu offer extensive content, there are several factors to consider before making this shift.

Why Cutting the Cord Might Not Be Worth It

Many people assume that switching to streaming services is always cheaper, but this often isn't the case. The average cost of a cable bill, which usually includes both TV and high-speed internet, is around $116. If you cancel the TV service and switch to internet-only, the bill can still range from $50 to $70 per month. This means that you only save $66 by removing the TV service, while streaming services like Hulu Plus or YouTube TV typically cost around $69 and $65 per month.

Thus, in most cases, you end up saving only a dollar per month by going with a streaming service instead of cable. This can quickly add up, but the actual savings may not be as significant as initially thought.

What to Consider When Making the Decision

When deciding whether to cut the cord, it's essential to consider your viewing habits and the content you watch. If you are not a regular viewer of live TV, sports, news, or other time-sensitive content, cutting the cord might be a viable option. However, if these are important to you, you should examine the offerings of streaming services and compare them to your current cable package.

Content Availability

One of the key considerations is the variety of content available. Platforms like Netflix, Hulu, and Amazon offer a vast array of TV shows and movies. However, not all content is available on these platforms. For example, if you enjoy watching documentaries, reality shows, news programs, or talk shows, you may find that these are not available on Netflix or Hulu.

Live Events and Broadcasts

“I get a very good deal on cable. So I keep my cable for the internet service and football and other live shows.”

Many people enjoy watching live events and broadcasts, such as football games, live news, and other time-sensitive content. While streaming services do offer some live content, it's often not as comprehensive as what is available on cable. For instance, you can't watch shows like football in real-time on Netflix or Hulu, something that many fans appreciate.

Cost and Convenience

In addition to the cost of streaming services, there's the cost of high-speed internet. Many streaming services require a reliable internet connection, which can be expensive on its own. If you switch to streaming exclusively, you may end up paying more for internet than you do for cable.

A Balanced Approach

A more balanced approach might be the best option for many. Keep your cable package for the live events, sports, and broadcast content that you enjoy, while using streaming services for additional content. This way, you can enjoy the best of both worlds without breaking the bank.

If you find that you're not utilizing your cable package much, consider using the internet service provided with your cable plan for streaming. This can help you save money while still enjoying the content you love.

Another option is to try a hybrid model, where you watch streaming services for a portion of the week and continue with cable for live events. By monitoring your viewing habits and costs, you can make an informed decision that works for you.

Conclusion

Deciding to cut the cord on cable is a personal decision that depends on your specific needs and preferences. While streaming services offer convenience and a wide range of content, the costs and availability of live content still play a crucial role. Consider your viewing habits, compare costs, and explore your options before making a final decision.