7. Your TV/Internet/Phone bill.

Welcome to the Dad Cents, 10 ways to put money back into your budget without stopping the fun stuff, series. The countdown continues.

7. Your TV/Internet/Phone bill.

Are you paying an arm and a leg to be connected?

My wife and I sat down last week to watch TV, and as she scrolled through our at least 200 channels she said, “How can there be nothing on TV?” Our world has dramatically changed even from the time I was in college. As I sat down today to write, my wife’s comment reminded of my college years and the Bruce Springsteen song 57 Channels in which he sang “There’s fifty-seven channels and nothin’ on…”.

Today, we have the opportunity to be as connected as we desire. Our Televisions, internet service, phone service and mobile service give us the ability to be in the know and always in reach of our friends, family and work. Smart phones allow us to do all of these things in one device!

The key question is: Are you paying too much to be connected?

Media companies want us to buy their bundle! These packages are advertised relentlessly via billboard, radio, the internet and TV. The gist of the ad is you will pay less for their bundle than by purchasing elsewhere. The media companies are using the same theory as the insurance companies.

The theory the media companies’ use says you will be more likely to remain a customer because of the number of connections you have to their company. For example, one company is easy to work with, but if you have your phone with one company, the internet with another, and TV with yet another, you will have to pay multiple bills get multiple statements and have more companies to deal with. However, are they giving you the best deal?

Companies are always changing the rules but many times, the bundles, are not the best deal. Just recently, I was encouraged to look into my service by my bank account because we could not afford the bill. I thoroughly looked through all the opportunities and found I couldĀ  save $35 per month and actually get faster internet service by making a change out of a bundle!

Keys to making a good decision:

  1. Does your rate eventually increase?
  2. Can you get good or better service by separate companies?
  3. Are you buying the package that has more channels than you actually watch?
  4. Will you share band width with your neighbors?
  5. Can you get internet service without purchasing phone service? (VOIP service can be very inexpensive)

Is it possible for everyone to use these ideas? Maybe, but I will make one promise. If you do not try, you will not save money!

Make sure also to watch for our next Savvy Dads webinar!

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Monday, June 13th, 2011 Teaching

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