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Plotkin Financial Advisors

Should You Cut the Cable Cord?

Table of Contents

With the multitude of streaming platforms and places to watch shows and movies, is cable really necessary these days? As more and more people continue to cut the cord and get rid of standard cable, it may be time to jump on the bandwagon! Keep reading to learn why.

The Cost Advantage of Streaming Services

The cost of traditional pay-tv services is much more expensive than that of a streaming subscription service. In fact, instead of paying over $100 per month for your traditional cable package, today’s streaming services allow you to cut that cost in half (and sometimes even more).

However, while the cost may seem low, you need to make sure you are not sacrificing quality for a price that seems cheaper than your current plan.

Channel Selection: Quality over Quantity

Now, typically, the newer subscription streaming services have fewer channels than what you might be used to. But were you really watching all of those channels? The answer is most likely not. With the recent streaming platforms, the available channels were curated based on what people watch the most, such as basic news channels, reality TV channels, HBO, etc.

However, even after feedback from unhappy customers, these platforms still lack certain channels that could be an issue for some families and users.

Considering Internet Costs

One important detail to contemplate when deciding if cutting the cable cord is right for you is your internet. You need to make sure you are aware of how much your current pay-tv package is and if that includes internet.

When cutting the cord, you might end up paying more for your internet service. If you are going to be streaming, you are going to need to pay for high-speed internet.

With your current TV package, this is most likely already included in your price per month, so it is important to take note of if you will actually be paying less per month should you decide to cut the cable cord.

Limitations with Subscription Streaming Services

Another detail to take note of is that with a subscription streaming service comes a limitation of users. If you have a larger family, this could be an issue. Not only do these services have a cap on the number of people that can watch at a time and the number of TVs it can be set up on, but sometimes streaming TV can be unreliable.

If your internet connection is slow, yet still expensive, cutting the cord may not be the best decision for you unless you prefer frozen and pixelated shows and movies.

The Pros and Cons of Cutting the Cable Cord

As the world of streaming can be a bit deceiving, cutting the cable cord has been a game-changer for some, and it has been a bust for others. The decision of cutting the cable cord depends entirely on your family and financial situation. If you do not watch much TV, this could be a great option for you.

If you are avid TV watchers, this may not be the best option for you.
The best thing you can do is research each platform and compare the pricing and quality to what you currently have.

Cutting Unnecessary Spending and Planning for the Future

In a world where streaming platforms are on the rise, cutting the cable cord can be a smart move to reduce unnecessary spending and improve financial planning for the future. By opting for more affordable streaming services, you can significantly lower your monthly entertainment expenses without sacrificing quality programming.

However, it’s important to consider factors such as channel selection, internet costs, and limitations of streaming services before making the switch.

By evaluating your family size, TV viewing habits, and financial situation, you can make an informed decision about whether cutting the cable cord is the right choice for you. Researching and comparing different streaming platforms will help you find the best fit for your needs.

In conclusion, cutting unnecessary spending and planning for the future is a wise financial move. If you’re looking for professional assistance in managing your finances and creating a solid financial plan, PFALLC can help.

Their financial planning services can provide you with the guidance and expertise needed to make informed decisions about your money, investments, and long-term goals. Remember, taking control of your finances now can lead to a brighter and more secure future.


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