Money
Is It Time to Let Go of the Cable TV!
By Jason Cunningham
Jan 30, 2008 - 3:22:28 AM

Asyou watch your savings dwindle, it may be time to look at options to keep yourself from racking up banking NSF Fees. While you may enjoy your cable TV, if you decide to cancel it, you could have more money in your pocket.

Some people just have basic cable. The cost could range from as little as $10 to $20 per month. If you have this bare bones cable, maybe 10 to 15 channels, it is likely that you will be missing many of your favorite shows; therefore, many people pay at least $40.00 per month for their cable services, yet this does not include premium cable stations, including HBO, Showtime, etc.

What if you are spending $70 per month for your cable services? This is not far fetched, especially if have several premium channels. Over the course of five years, you would be spending $4,200. You could use this money towards your current savings plan or for paying down additional debts.

While most of us do not want to give up our cable TV, this can be an obvious opportunity for us to save more of our hard earned dollar or to pay off bad debts, which could lead to an increase in our credit score, in the near future.