You call up your cable TV provider and cancel your $100 a month package, but you keep internet service because you’re going to switch to streaming to save lots of money.
At least, that was the plan. But then this happened…
- You signed up for YouTube TV. At the time, it was $35 per month.
- Everything’s going well until the first price hike to $40.
- It goes up once again to $50 as new channels are added to the service.
- And then the biggest price hike yet to $65 a month.
Don’t Make This Cord-Cutting Mistake After Dropping Cable
Does this sound familiar? You may be thinking: $100 a month for cable and $65 a month for YouTube TV, so you’re still ahead — right?
Unfortunately, your streaming TV bill doesn’t stop there…
- You need Netflix to pass the time during the pandemic. That’s $13 a month.
- Then, you got the Disney Bundle, mostly for the kids. But Hulu and ESPN+ are great for everyone in the house. That’s $13 too.
- And you sign up for HBO Max to binge-watch Friends. That’s $15 a month.
When you add it all together — YouTube TV, Netflix, the Disney Bundle and HBO Max — you’re at $106 a month.
It’s about the same amount you were paying for cable…
Most cord-cutters I know have a live TV streaming service and one or two on-demand services. I do not think that’s a mistake, and it’s not what I’m referring to in the title of this article.
But as a streaming expert, I’ve noticed a pattern of behavior with people who used to have a cable or satellite subscription. To explain, let’s look at the major difference between streaming and cable.
Here’s a screenshot from Xfinity’s website as an example.
The plan on the far right is for internet and TV with 125 channels, and the price is $80 a month before taxes and fees.
Taxes vary by location, but the broadcast TV and regional sports fees can add $20 to the bill.
And this deal is only for 24 months. The price goes way up after the first two years, and there’s an early termination fee if you cancel the contract.
It’s not such a deal after all. But the good news is there are no long-term commitments with most streaming services!
So, here’s my question…
Why do so many people cancel cable, sign up for a live TV streaming service and then stay with them price hike after price hike — and never shop around to see if there’s a better deal?
This is the mistake that cord-cutters are making after dropping cable.
You’re no longer stuck in a contract, so you don’t have to keep acting like it!
Here’s a better way to look at your live TV streaming package.
Let’s say that you like YouTube TV during NFL season. The regular season starts in September, and the Super Bowl is in February. That’s six months with YouTube TV.
But maybe you can switch to a cheaper service like Sling TV in the off-season and during the summer when you’re watching less TV anyway.
You could keep all of the on-demand streaming services — Netflix, the Disney Bundle and HBO Max — and pay $71 a month total. That’s just a few bucks more than YouTube TV alone.
JANUARY 2021 UPDATE: Sling TV now starts at $35/month, not $30/month.
But if you don’t want to give up YouTube TV, I get it. The best channel lineup, unlimited DVR and a simple navigation.
I have another idea for you.
Keep YouTube TV and pick just one on-demand streaming service per month. That would cost you $78 to $80 a month compared to $106 a month for YouTube TV and all of the on-demand services.
This combo of YouTube TV and only one other service saves up to $28 a month and $336 in a single year.
By now, I think you understand what I’m saying.
If you want to save money on streaming TV, stop and start your subscriptions. Remember, you can do it without penalty since there are no contracts!
Here’s your action plan. It’s just three steps.
- Set a streaming budget for your household.
- Determine your must-have channels and services.
- Take advantage of free trials if they’re offered.
I change up my streaming TV bundle all the time to save money. I want to know what works for you. Let me know what you’re streaming in the comments below!