Time to Ditch the Cable TV?

Watching TV may not only be mind-numbing, it can turn you into a couch potato. But here’s another reason to get rid of your TV habit. Consumers are paying high dollars for cable TV and satellite TV. Today, nearly 110 million American homes have at least one TV, and of those 68% receive a cable signal and 22% receive a DBS signal, according to Gary Shapiro, president of Consumer Electronics Assoc.

The average cable TV subscriber pays over $58.51 per month, while the average satellite TV subscriber pays about $57.72 per month, reports J.D. Power and Associates. This adds up to about $700 per year just for watching TV! Imagine what you could do with an extra $700 per year. You can take that money and invest it, and in five years at a 15% return; you’ll be almost $7,000 richer! In 25 years you could have $200,000–or a vacation home! Now, that’s worth thinking about!