Don't Waste Your Money: Why cutting cable may not save that much - Toledo News Now, Breaking News, Weather, Sports, Toledo

Don't Waste Your Money: Why cutting cable may not save that much

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(Toledo News Now) -

You hear so much these days about "cutting the cable cord" to save money. We've even featured some people who have done it. But before you do it, you need to know about some downsides, and why canceling cable may not be best for you.

Not As Simple As It Seems

It sounds simple: Drop cable, sign up for Netflix, hook up an antenna, and watch TV for pennies.

But it's not so simple -- and not so cheap -- according to a new report in Deal News.

Among the things to consider:

-You'll want Netflix at $8 a month

-You'll probably want Hulu Plus for its DVR features, which is another $8 a month

-You'll still need high speed Internet, which costs $30 a month, though you could get by with a slower speed at $15 to $20 (as long as you're not an online gamer, or have several people watching videos at once)

-You'll want to rent a few movies from iTunes or Google Play at $3 each

So plan on spending $50 a month for TV, even without having cable.

Doesn't That Stink?

But from the doesn't that stink file is how cutting the cable makes it very difficult to watch live sports on ESPN or HBO shows.

Trying to watch Game of Thrones? Not going to happen by streaming.

Good news: Some HBO shows are now coming to Amazon, but like with sports, the keyword is "some."

Bottom Line

Before you cut the cable, think hard about what you'll be losing, especially if you're a sports fan, or want first run episodes of HBO shows.    

That way you're not disappointed and you don't waste your money.

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