Understanding Your Streaming Options
The first step in ditching cable is knowing your options. Streaming platforms have revolutionized how we consume content, offering everything from live TV to on-demand movies and exclusive original programming. The key is to identify which services align with the shows and channels you care about most. For instance, if you’re a fan of network TV shows, platforms like Hulu or Paramount+ might be a perfect fit. Sports lovers can explore options like ESPN+ or fuboTV, while movie buffs might gravitate toward Netflix, HBO Max, or Prime Video.
One of the most exciting aspects of streaming is the ability to tailor your subscriptions to your needs. Unlike cable packages that bundle dozens of channels you’ll never watch, streaming services allow you to pay only for what you actually use. This flexibility can save you hundreds of dollars annually. For example, many households find that subscribing to two or three platforms costs significantly less than their old cable bill.
Keep in mind that some platforms offer free tiers or trials, which can help you experiment without committing financially. Services like Peacock and Tubi provide access to a wide range of content at no cost, though they may include ads. Taking advantage of free trials is a smart way to test which services suit your viewing habits before making a long-term decision.
Invest in the Right Streaming Hardware
To fully embrace life without cable, you’ll need a reliable setup to stream your favorite content. Thankfully, there’s no shortage of affordable streaming devices that make this transition seamless. Devices like Roku, Amazon Fire Stick, Google Chromecast, or Apple TV are user-friendly and compatible with most streaming platforms. Each has its own unique features, so consider your preferences before making a purchase. For example, if you’re already an Amazon Prime member, the Fire Stick might integrate more easily into your ecosystem.
Smart TVs are another popular option, as many models now come with built-in apps for major streaming services. If you already own a smart TV, you may not need additional hardware at all. However, older TVs can easily be upgraded with a streaming device for a fraction of the cost of replacing the television. The good news is that these devices are highly portable, allowing you to enjoy your subscriptions whether you’re at home or traveling.
Don’t forget about your internet connection. Streaming requires a stable and fast connection to avoid buffering or interruptions. If you’re cutting cable, you might want to reallocate part of your savings toward upgrading your internet plan. A speed of at least 25 Mbps is recommended for HD streaming, while 4K content may require speeds of 50 Mbps or higher1. Investing in a good router can also enhance your streaming experience, especially if multiple people in your household are watching simultaneously.
Bundle Your Subscriptions for Maximum Savings
While streaming services are generally less expensive than cable, costs can add up if you’re not careful. Luckily, many platforms offer bundles that combine multiple subscriptions at a discounted rate. For example, the Disney+ bundle includes Hulu and ESPN+ for a fraction of the price of subscribing to each service individually. Similarly, platforms like Amazon Prime Video come included with an Amazon Prime membership, which also offers benefits like free shipping on purchases.
Another way to save is by sharing subscriptions with family or friends. Many services allow multiple profiles and simultaneous streams, meaning you can split the cost of a subscription without sacrificing your viewing experience. Just make sure to check the terms of service, as some platforms limit sharing to members of the same household.
It’s also worth considering annual subscriptions instead of paying month-to-month. Many services offer a discount for committing to a full year upfront. For instance, paying for a year of Netflix or HBO Max in advance can save you 10–20% compared to monthly billing. If you’re confident you’ll use the service consistently, this is an easy way to keep more money in your pocket.
Don’t Forget About Live TV Alternatives
If live TV is the reason you’ve stuck with cable, rest assured there are plenty of alternatives. Live TV streaming platforms like YouTube TV, Sling TV, and Hulu + Live TV replicate the cable experience without the hefty price tag. These services typically include major networks, news channels, and sports programming, so you can still catch live events and breaking news in real time.
One of the advantages of live TV streaming is its flexibility. Most platforms let you customize your channel lineup, so you’re only paying for what you actually watch. Additionally, many include cloud DVR functionality, allowing you to record shows and watch them later. This feature is a lifesaver if you have a busy schedule but don’t want to miss your favorite programs.
For those who only need occasional access to live TV, consider an over-the-air (OTA) antenna. Modern antennas are inexpensive and can pick up local channels in high definition, making them a great complement to your streaming setup. Depending on your location, you may be able to access popular networks like ABC, CBS, NBC, and FOX for free2.
Regularly Review and Adjust Your Subscriptions
The beauty of streaming is its month-to-month flexibility, so take advantage of it. Unlike cable contracts that lock you in for years, streaming services allow you to cancel or switch plans at any time. Make it a habit to review your subscriptions every few months. Are you still watching everything you’re paying for? Have your tastes changed? By staying proactive, you can ensure you’re not wasting money on unused services.
Many people fall into the trap of “subscription creep,” where they sign up for multiple platforms and forget to cancel ones they no longer use. To avoid this, consider using a budget tracker or subscription management app. These tools can help you identify recurring charges and remind you to reevaluate your subscriptions. Some even allow you to cancel directly through the app, making it easier than ever to stay on top of your spending.
Finally, don’t be afraid to rotate your subscriptions. If a particular platform doesn’t have much to offer right now, pause it and try another service. Streaming is all about flexibility, so take advantage of this freedom to find the perfect balance between entertainment and affordability3.
1How Much Internet Speed Do You Need for Streaming? from HighSpeedInternet.com
2Best TV Antennas for Cord Cutters published on June 1, 2023, from Tom's Guide
3How to Save Money on Streaming Services published on January 15, 2023, from Consumer Reports