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Personal Finance in 2023: How Cutting the Cord Can Mean More Pocket Money

We live in an expensive world. And it seems that year after year, even the most mundane expenses become more costly. Still, as we’re dealing with the trouble that COVID-19 has caused around the globe, expenses are soaring like never before.

In the past couple of years, people across the country are finding interesting ways to cut costs, help manage holiday expenses, or eliminate frivolous spending. And while digging into your personal finances and itemizing expenses might be the first place to look if you’re trying to cut costs, there are other alternative solutions that you should consider.

Today, streaming services offer us the option of getting rid of costly satellite and cable TV services. And some of these services cost less than 10 dollars a month.

Here, we’ll explore how streaming services and their components can help you save money each month on entertainment.

Reducing High Monthly Costs

It’s been reported by several sources that the average cost for cable TV across the country runs around 220 dollars per month. And depending on the area in which you live (and the network you’re paying for) these monthly costs could run even higher.

With the rise in inflation since the onset of the COVID-19 pandemic, Americans are finding that cable TV simply isn’t worth the cost. After all, you can’t control what’s being broadcast. And half of the channels you have available you’ll likely never even watch.

With streaming services, you get control of what you want to watch before you pay for the service. And as long as you have an Internet connection, you can add as many streaming channels as you want for a fraction of the cost that you’d normally pay with cable or satellite TV. 

Not All Streaming Services Have a Fee

While you may be familiar with Netflix, Hulu, Amazon Prime, or HBO Max, all of these services have one thing in common–they all cost money. But thankfully, these aren’t the only streaming services available.

On any streaming device, you’re able to access free streaming apps and watch a variety of TV shows, movies, music, and games. And though many of these apps are free, as long as you don’t mind the occasional ad interrupting your movies (much like commercials on cable TV) you can enjoy free TV in the comfort of your home, or on any device with a wireless connection.

If you browse around, you’ll find that there are literally thousands of free channels. And even if many of these aren’t channels that you’d normally watch, you’re sure to find a few shows that are worth your time. And when they’re free, this means that you can save even more money per month.

Don’t Get Greedy

Once you’ve cut the cord and shaved down your expenses from cable or satellite TV, you’ll have a variety of options to choose from. But don’t be fooled. Just about every paid streaming service has seen a rise in subscription costs over the last two years.

If you’re going to cut the cord and be able to save money in the process, your best strategy will be to choose one or two paid streaming services that will give you the most bang for your buck. Or start out with free streaming services and add a paid service when you can afford it.

It’s easy to subscribe to several paid streaming channels. And if you get a little too greedy with your newly found financial breathing room, you’ll be right back at square one, paying just as much for streaming services as you were for cable TV.

Entertainment doesn’t have to cost you an arm and a leg each month. And truly, entertainment shouldn’t be a financial burden at all. By utilizing the full power of the Internet and accessing free and cheaper alternatives, you’ll be able to put more money in your pocket each month and save that money for when you need it most.

Ajeet Sharma, the founder of Financegab and a well-known name in the field of financial blogging. Blogging since 2017, he has the expertise and excellent knowledge about personal finance. Financegab is all about personal finance which aims to create awareness among people about personal finance and help them to make smart, well-informed financial decisions.


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