I hated getting my cable bill in the mail each month. The price kept going up and it seemed like there was nothing I could do. Then one month, I opened my bill. It was $250! I almost fell over.
Just a few years ago I was paying $150 a month for cable. Now I was coming close to paying twice as much. Fed up, I decided to take action.
I put in many hours trying to find ways to save money on my cable bill and came upon the 9 tips below.
I have been using these tips for a few years now and my cable bill is lower than where it was when I started! How is this possible? Read the tips below to find out how you can start saving money on your cable bill.
9 Simple Hacks To Save A Ton Of Money On Your Cable Bill
#1. Negotiate Cable Packages
The first thing to do to save money on your cable bill is to negotiate. Call your cable company and ask if there are any promotions on service currently running that you can take advantage of.
They might be offering a discount on the package you have or a similar package. Additionally, they might be able to offer you HD channels for free. Many cable companies charge you a monthly fee just for having HD channels.
#2. Negotiate Equipment
After you negotiate your cable package, ask about specials on any equipment. This would include cable boxes and DVRs. Many times you can get them 50% off or free for a few months just by asking.
Many people only ask for a lower price on the package of channels and miss out on getting a discount on the equipment. I regularly get free box rentals just by asking. This saves me close to $100 a year!
#3. Downgrade Your Service
How many channels are you paying for? How many of these channels do you actually watch? If you are like I was, you are paying for hundreds of channels you never watch.
The solution? Downgrade your service and stop paying for channels you don’t watch! In many cases you can just drop to a lower priced package.
#4. Cancel Service
Another option to save money on cable is to get rid of it entirely. Now before you tell me I am crazy, hear me out. You can get many channels for a lower cost when you cancel cable. Don’t believe me?
Here is how to watch television for pennies and save a mountain of money in the process.
- #1. Buy an HD antenna. Here is the one I use. Mount it and you will get all of the free channels in your area. I get over 25 channels where I live.
- #2. Find the right streaming service. I love SlingTV since they offer a ton of sports channels for me to watch. If you are more into family shows and movies, then PureFlix is your best option.
That’s it! You’ll be paying a fraction of what you were paying and have a ton of channels.
#5. Drop Premium Channels
Are you paying for premium channels like HBO and Showtime? You can easily cancel these and save money in the process.
If you pay for these channels just to watch movies, you are better off just renting the movie from Redbox. It will cost you a lot less assuming you aren’t watching a movie every single day.
And if you pay for these channels to watch original programming, you also have an option. Pay for the channel separately outside of your cable bill after the season ended. Doing this allows you to binge watch the season over the course of a month and only pay a few dollars.
#6. Get Rid Of Your DVR
Many cable providers charge you a monthly fee for renting their DVR. Over the course of a year, this easily adds up to more than $100.
But do you really need a DVR? Most channels and cable companies allow you to watch shows on their apps whenever you want for free. While it is nice to have all of your shows in one place on the DVR, you could easily save money by skipping it and watching through apps for free.
#7. Bundle Services
Another way to save money on your cable bill is to bundle your service. You could combine your cable and internet to save money. Or you could combine cable, internet and phone.
By bundling my cable and internet, I save $45 a month. The savings isn’t there for the phone, but if it were, I would add that too.
And here is a secret, if you get a great deal that includes phone service but don’t want it, simply don’t hook the phone up!
#8. Stop Renting A Modem
When you bundle your cable and internet, most people get suckered into renting a modem from the cable company. While $10 a month doesn’t seem like a lot, you are wasting money doing this.
Buying a modem will save you money over the long run. They typically cost $100 to buy and with just a phone call to your cable provider, they will walk you through the set up.
I’ve bought my own modem all along. I usually have to upgrade every 3 or 4 years. Doing this I end up saving $200-$300 versus renting it.
This is the modem I use and it is the one many cable companies recommend.
#9. Use Trim
What if you want to keep your service as is, but want a lower price and you hate negotiating? Well say hello to Trim.
When you sign up with Trim, they will automatically negotiate your cable bill for you each month! This isn’t to say you will get a lower bill each month, but that they will try to get it lower every month.
The best part is Trim is free! They make money by taking a small percent of the money they save you as their fee. I know many friends who swear by them. My one friend got his cable bill reduced by $75 a month using Trim.
You can get started with Trim for free here!
So there is how you can save a ton of money on your cable bill. I use many of these tips myself and pay a fraction of what others pay. You just have to put in the effort and you will save money.
But, if you don’t want to put in the effort, fear not. Just use Trim to do it for you and start saving money today!
Hi, my name is Jon and I run Compounding Pennies. I’ve been interested in personal finance since high school and love writing and talking about it. You can learn more about me in the Authors section of this site.