How to Slash Your Cable and Internet Bill in Half
Sick of paying $200 a month on cable and internet? There are ways to save without dropping your favorite premium channels. Learn more.
Last year alone, Americans spent 31 billion hours watching sports on TV — a 40% increase from a decade ago. With this rise in viewership, most cable providers are increasing their monthly costs as well.
Why? Primarily due to a rise in programming costs across the board.
Most pay TV companies have announced modest price hikes in both 2016 and 2017. But for a handful of companies, there are also add-on charges, such as “broadcast TV fees” and “regional sports fees,” that will further inflate your cable bill each month. Possibly without you even knowing!
According a recent report by the Federal Communications Commission, TV providers are adding the fees to cover rising costs while holding down the prices they promote in their advertising. And according to some analyst estimates, these costs have climbed up to 10 percent over each of the past four years!
If you are a Comcast customer, the add-ons for many totaled $12 a month, which represents a hefty 50 percent increase from last year.
How to Escape These Costs
The simple solution that many people fail to do? Comparison shop. Competition has risen drastically in past years meaning lower rates for higher internet speeds and more of your favorite channels from alternative companies.
Most people see the big-box cable company ads and assume those are the only options. But the truth is that there are smaller companies that offer better deals in order to compete with large cable companies.
But the best deals won’t be found in direct mail ads or through TV commercials. Those deals are offered to the masses in order to get potential customers hooked. They use lost leader marketing methods by offering a free trial or your first payment at half price.
This method initially creates very little revenue and they try to make up for it later by increasing your bill to unaffordable amounts. They start as great deals but they do not last. Some will even lock you into a 2-year contract with high cancellation fees that will force you to continue use.
Where to Look
There is no quick way to get the best deal, but if you simply know where to look, you can pick up massive deals. You must explore the smaller name companies that don’t tack on additional charges. Layer3 TV, Cablevision, and Suddenlink are three popular options that, rather than upping your bill, decrease package prices when there are increases in add-ons. But each area has different cable company offerings so you must do your research!
If you’re interested in lowering your cable bill, start a search today.