Along our debt-free journey, my wife and I have come to many crossroads where saving money, lifestyle, and fear of the unknown have collided. We are not millennials, so cutting the cable and going to a streaming service scares us. Will it be as reliable as the service we have had for years? Will we have all of the stations we are used to having? What happens if our internet slows down and the TV gets disrupted? We have two children that live and die by their TV, Netflix, and gaming. I realize that Netflix and gaming are separate issues here, but it will take up bandwidth.
Cutting the cable and going with a streaming service like DirecTV Now (not a sponsor or affiliate, just a service I am looking to go to) is nothing new, as a matter of fact, Fortune detailed Comcast and AT&T reported a 3.4% drop in paid subscribers from the prior year with almost 500,000 customers leaving in the fourth quarter of 2017 alone. That doesn’t even include the people that never signed up for cable or satellite in the first place, which are called “cord nevers”. I can see why people are doing this, at least from a financial standpoint. Cable rates have increased astronomically and the flexibility of these streaming services is much more appealing to the consumer. You are able to select channels and services you like and choose a la carte.
Personally, we looked at YouTubeTV and DirecTV Now. We eliminated YouTubeTV because only 3 people could access the service at any one time, which would not work for our household. So this left DirectTV Now. We decided on a plan that included all of the channels that my family would want or need, excluding pay channels because we really never use the pay channels on our current package and they are just wasting money for us.
With our current plan from Comcast, the infamous Triple Play plan, we had our TV, home phone, and internet with them. By cutting the cable, we are also going to get rid of our home phone because the only people that call us on the home phone are telemarketers. We currently pay around $250/month for the Triple Play plan, which makes me sick every time I think about it.
By going to DirecTV Now, eliminating our home phone, and keeping our internet through Comcast, our monthly payment would be about $160/month which is about $90/month or $1080/year. Not too bad. Now there will be some initial cost because we will have to buy four Amazon Firesticks for the TVs to use the DirecTV Now service and I want to get a better modem/router for the Comcast internet and also so I don’t have to rent the modem from them anymore.
Do we still have some concerns as to whether the service will be as good as our current cable provider? Yes, but I can’t really say that we have had the best experience with either of the cable or satellite providers. It is worth a try, and we can always switch back if things don’t work out.
Be on the lookout for an article with what happens next.
I suggest that everyone who is looking to make room in their budget look for both large and small things that can be modified. Take the leap and see what happens.