Cord cutting has its conveniences, but will it really save you cash?

 

At least one survey says it does. LendEDU found that the average cord-cutter saves $115.33 per month after killing cable. That’s probably true if they only use one or two streaming services.

That’s because the price of paying for cable always goes up. Leichtman Research Group says the monthly average in September 2017 stood at $106 (that’s $1,272 a year), an increase of 3 percent since 2016. The price of cable has almost doubled since 2009, not even a decade.

Now consider all of the services we’ve mentioned above, not even factoring in the cost of buying a media hub or smart TV if needed. Assuming you need subscriptions to all of them to get as thorough a cross section of channels as you’d get with cable, it’s not cheap. Remember, all these prices are before applicable tax and with the lowest tier of service.

ServiceMonthlyYearly
Netflix (with SD streaming)$7.99$95.88
Hulu (with commercials)

$7.99

$95.88
Prime Video$8.99$99.00

YouTube Red

$9.99$119.88
HBO Now$14.99

$179.88

CBS All Access$5.99$71.88
Showtime (add-on price)

$8.99

$107.88
Starz$8.99$107.88

TOTAL

$73.92$878.16

That total is not inexpensive, but cheaper than the average cable number above. Also, that’s not factoring in other costs like DVR subscriptions for cable users.

Plus, now that there are several live TV streaming services, that may be the best way to handle all the viewing sans cable. Hulu with live TV is $479.88 per year—add HBO and Showtime to it and the price jumps to $719.76. If you add all the remaining streaming services (Netflix, Prime Video, YouTube Red, CBS, and Starz) that’s $1,214.38—still cheaper than the average pay TV cable service.

Take it all into account if you want to cut the cord and go cable-TV free.