Many of the readers on these platforms are very frugal or are looking for ways to be frugal. I know I push myself in certain areas to limit the monthly expenditures I have that take away from life, interaction (to some degree) and also my pocket. I read an article from the NY times last year that said something around 90% of Americans are paying a form of cable television – 90%!!!! That’s a pretty alarming rate to see the vast amount of people that are paying on a monthly basis to your large corporations such as, but not limited to: TimeWarner, AT&T, DirectTV (or AT&T Now? haha), Comcast, WOW!, etc.. I know my fellow Diplomat – Bert – probably has shrills going through his body about this article because I know he enjoys having cable, more so for the fact to watch Sports, well, there are other means BERT.
Why Don’t I have Cable?
That’s the big question of this article and I will lay it all out in 5 reasons:
- The cost essentially is high and can range from $50-$100/month for basic + sports channels. If it’s $50/month, that’s $600/year or $3,000 in 5 years. If you invest that $50/month, every month, for 5 years with a conservative 8% return = that $3K will balloon to $8,207 in market value. If you are receiving a 3.5% dividend, that will provide you another $287 in dividend income per year. If you are paying $100/month, this total actually becomes $16,415 and at 3.5% would provide you $575/year in dividend income! That one reason is enough for me to “cut the cord” or in my term – never get the cord? haha. Oh and to pay for $50/month at 3.5% = you need $17,143 to pay for this. No thanks.
- Time. I know individuals, including myself at times when I’m around a TV, that can spend entire days/weekends watching TV show, game after game, DVR recording after DVR recording. Only after all of this – it’s Monday morning and they are back to work, recording their shows and waiting for the late nights or weekends to watch these shows. Sounds a little crazy, right? (Sorry if this is what you go through occasionally!) I think there is much better things to take advantage of – such as this weekend – I spent the weekend at a beach. In Cleveland. Re-read that – I was hanging out at beach in Cleveland. This is a good example of getting up, hanging out with new people, close friends and experiencing/exploring what life has to offer!
- Frustrations. How often do you go without a “hiccup” with your cable provider? Ever get the screen that begins scrambled? A screen that begins to stutter? Or how about this one – when it doesn’t work at all? After thinking of those questions – how often do you enjoy making those calls? Exactly. Enough said. I don’t need any more grey hairs than I do now when dealing with the cable company in rough-service-period times.
- Price increases. Even if you have a decent cable bill and you feel “comfortable” paying for $X/month and not being glued to it – how often does your price increase? Every year? Semi-annually? Quarterly? Again – another frustrating, time consuming period for a consumer who has to call, argue or potential deal with switching the provider.
- Activate your mind. The TV can literally “Fry” your brain for lack of better words. You become knowledgeable about false fiction characters, the drama/stories they go through and ultimately retain less and less of actual productive knowledge to society, which paired up with #2 above – goes hand in hand with time that could have been spent reading, learning and gaining a knew form of knowledge/expertise.
Now, I do enjoy watching a show here and there, and of course I love my sports – I just choose “how” and “when” and even “where” I do these things. For sports, for instance, I will gather a group of friends and go to a close buddy’s house to watch the big games, or even go to the nearest sports bar that would have an upbeat atmosphere. To me – the cost for one person to pay for this does not benefit me or the value I receive is not worth the cast, said a different way. Now if I were to somehow have a cable bill of $15-$30 – maybe I would re-evaluate that to see what type of value I feel I’d receive, and the ability to share that with guests etc.
How about the readers? Cutting the cable bill? What’s another form of a bill you can remove from your life? Thanks for stopping by! Bert, I know you’re probably pissed, bring on the comments as well, I’m curious to hear it.