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Is your cable/satellite bill getting out of hand? Video streaming your favorite shows and movies may be a less expensive alternative. Before cutting the cord officially, make sure you have the technology and devices set up in your home to make the transition a breeze.
Our Guide To Video Streaming
You can save a lot of money by dropping your traditional TV package and purchasing video streaming subscriptions instead. There are no monthly equipment fees or leasing charges with video streaming. You pay for the equipment (most likely a smart TV or a streaming media device) one time when you purchase it from the store. And the total amount you save in one month alone could pay for the new equipment.
There will be adjustments at first to the new consumption habits (adjusting to peak hours for internet, how you browse channels, etc.) but like any new behavior, you’ll quickly adapt (and it will be worth it thanks to all the money you’re saving).
Video streaming lets you watch new and old shows, movies and more on demand while saving hundreds of dollars (and not being tied down to a contract). But, before you get snip-happy, do these things first to avoid headaches down the road.
First, take inventory of your shows (literally write them down), of your family’s current consumption habits, services and what each is used for.
- Who watches what? Is there a die-hard sports fan in your house?
- Are you willing to wait to watch reality shows a day after they air?
- Are you really watching all 200+ channels you pay for?
Next, add up your current monthly cost for cable including how much you’re paying for any leased equipment. Throw in taxes, fees and other charges, and it’s probably super high, right?
You’ll also need to find out if you’re tied into any contracts. If so, there could be a financial penalty to leave. You’ll need to consider the cost of breaking your contract into your overall equation.
Once you get an idea of your monthly costs and exit strategy, have a discussion with others in your household about what they’re willing to compromise or let go of before you pull the plug. It’s critical to get on the same page to make decisions and set expectations ahead of time. Luckily streaming services let you watch whatever, whenever, on any device, so you don’t have to fight for the one TV with a cable box or DVR.
More than likely you are already using and/or paying for streaming media services like Netflix (checkout our comparison of the top streaming providers).
But did you know that there are devices that can stream the content on your TV? These streaming media players basically turn your TV into one big tablet with various streaming services (i.e., Netflix, Hulu, HBO GO, etc.) and even basic cable channels (i.e., CBS, ABC, PBS) have their own apps. You can even purchase a smart TV to stream your content.
When using these alternatives to cable, you’re not always watching a live broadcast. Sometimes, it’s a recording posted the next day, so consider that when looking for an alternative.
Is there a reason you haven’t cut the cord?
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