Yahoo! Finance: Cut your cable bill

Article by Gail Johnson for Yahoo! Finance:

Lindsey Pinto hasn’t had cable TV since 2006. The Vancouver resident was going to university at the time and got rid of the service to save money. She hasn’t missed it.

“There was no way I could afford it on top of my tuition and living expenses,” says Pinto, the communications manager at OpenMedia.ca, a grassroots organization that works for open and affordable Internet. “I called it a day and got used to living without it. Considering how expensive TV is, if you can cut costs in this economy, that’s a good place to start.”

Pinto and her fiancé now get their TV fix from online sources. “We still have a TV but it doesn’t hook up to cable; we use an HDMI cord to hook up to our computers. There’s tons of stuff available online. We’re not starved by any means.”

She says it’s a trend that’s only going to grow.

“ A lot of Canadians, especially younger Canadians, are cutting the cord and moving toward the over-the-top system where they get the type of content they want, when they want it, not necessarily with commercials, while saving money.”

Cable subscribers spend an average of $71 on cable, adding up to $852 a year, according to Centris, a research group. Add in premium viewing like HBO, and the monthly bill can creep up toward $100.

According to a 2010 study by research firm Yankee Group, one in eight consumers cancelled cable that year. Read more »

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Read the full article at finance.yahoo.com