I use to have cable, but I got rid of it because I didn't have the self-control to get up off the couch and do my work or just go to bed. However, when I did have cable, it was basic. Not standard but basic. A lot of people get confused between the two. Basic is around $20.00 with all the fees and standard is around $40.00 or so. The cost difference is around $240.00 a year.
Okay, so in mentoring people, one of the biggest money wasters is what they pay for cable. I've had clients paying $240 a month for cable on the verge of foreclosure. Unfortunately, they had determined that premium cable was a necessity, and having a roof over their head wasn't that important.
When looking at ways to cutback and save, there should be no "sacred cows." Meaning, you cannot get attached or joined at the hip with anything. My customer was paying $2,880 a year to watch the "boob tube." So when I suggested they get basic cable to save money, they weren’t hearing it. “What about standard cable,” I asked? Not happening! Their solution was to get a plan that cost $110.00 a month.
Again, basic cable with about 30 channels is around $20.00 including fees. If you were behind on your mortgage, your car was in fear of being repossessed, or your lights were going to be turned off, would cable still be your priority?
Would you rather have cable or a roof over your head?
August 25th, 2008 at 07:29 pm
August 25th, 2008 at 07:49 pm 1219693756
August 25th, 2008 at 07:52 pm 1219693968
August 25th, 2008 at 08:23 pm 1219695797
August 25th, 2008 at 08:26 pm 1219695986
We never had cable until we made six figures. The college years I never would have dreamed of paying for cable, and I opted out letting my roomies share the cost. (I have read before people have to pay because they have roomies. Says who?). BEtween all my jobs and classes I obviously wasn't watching their cable on the sly.
Anyway, when dh and I both worked and were doing well we picked up cable.
We argued about it when we later dropped to one income, but he was insistent he "needed" it. We made it work.
The cable would certainly be the first thing to go if we had trouble with bills. I think even my dh could agree with that. Hehe. I Can't say I've ever had to choose between cable and the mortgage. Phew.
August 25th, 2008 at 08:49 pm 1219697384
August 25th, 2008 at 08:56 pm 1219697791
Not only cable, but all kinds of things would be slashed to the zero point! How could one watch that cable with no power to run the TV anyway?
August 25th, 2008 at 08:57 pm 1219697871
August 26th, 2008 at 04:59 pm 1219769942
Thank You!!!
August 26th, 2008 at 09:18 pm 1219785510
August 27th, 2008 at 04:26 pm 1219854401
sharmanl ~ I think I'm going to re-evaluate our Direct TV service. We probably pay way too much for what we get out of it ($74, including HBO). We watch TV at night for a few hours, and maybe a little more on weekends. Without cable or satellite, reception would be nil, so we need something. We also have a single DVD Netflix account.
August 27th, 2008 at 07:22 pm 1219864936