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How I Spent My Cord Cutting Savings

Scissors cutting a computer wire on gray background (wireless or blackout concept)I have been a cord cutter now for some time and have loved every minute of it. It raised the question of what my wife and I have done with all of our savings. (Something that I estimate north of $8,000 so far.)

The first thing we did was pay off a few small credit cards that had a few hundred dollars each on them. Boring but hey the interest on credit cards really ads up.

Next we did something really fun. Last week I brought my family to Disney World. Yup our 100% paid for Disney vacation was paid for by our savings after we became cord cutters. No amount of cable TV could ever add on to the joy and fun of seeing a 4 year old enjoy Disney world.

We got to do everything and loved it. The best part was it was paid for and we have no credit card debt, which is something I am not a huge fan of. (I am a huge Dave Ramsey fan.)

So what could you better spend your cable TV money on? According to The Wall Street Journal the average cord cutter saves over a $1,000 every year.

By spending some time becoming a cord cutter you can still enjoy your favorite TV shows and maybe see a football game in person or go to a Broadway show. Maybe you are like me and want to save up for something big.

By far the joy of family vacation to Disney World was worth every minute it took to become a cord cutter.

So how did you spend your cord cutting money? Is there something you are saving for? A trip or maybe something like a down payment on a house or car? Leave us a comment and let us know how you plan to spend your money.

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7 Responses to How I Spent My Cord Cutting Savings

  1. Avatar
    Vocalist Mike February 21, 2017 at 1:58 pm #

    Great article as always. It sounds like others though, have an opinion that sides with Cable instead. The article below suggests cable could be better. (I don’t agree at all with that stance, but it’s always good to have an open mind/ear.)

    • Avatar
      Chris K. February 21, 2017 at 3:45 pm #

      A key point in your article (and any pro-cable argument) is the cost of the internet access itself.

      If you’re already getting your internet through a cable provider – and that cable provider either bundles services (which they all do to some extent) or charges a higher surcharge if you are an internet-only subscriber, then it MIGHT be cheaper to stick with the cable provider. It is possible. But if one is seriously considering cutting the cord, I sincerely hope one is also double checking their ISP packages and options. There aren’t many choices for most Americans – which is awful – but many have access to at least one cable and one DSL provider. And where there is competition, there is usually a slight chance of a better deal when you call.

      I also hope that everyone is taking a close look at add-on fees when comparing. I know with cable and satellite, there was always my “package price,” but then there was the actual price after all the services, equipment rental fees, etc. A $69.99/month bundle from a cable provider can easily translate to a monthly bill of over $100. The first time I paid my monthly fee for PSVue and saw on my receipt that the transaction was, in fact, $34.99 – and not a penny more – I genuinely smiled.

      • Avatar
        FREETELEVISION February 22, 2017 at 9:05 am #

        I get 15MB internet service from Century Link for $34.95. Several in my immediate circle of friends get 25MB for same price. That is more than enough to stream anything we want. Netflix, Amazon, HULU, Sling and CBS service two residences (my Daughter & I) all for one price. Saving hundreds of dollars over Cable and Prism.

  2. Avatar
    Devin Serpa February 21, 2017 at 5:34 pm #

    I’ve saved $7,300 over the last 5 years one month.

    What we did with the savings? I guess better afford our dual EVs, Solar System and smart home components.

    Which then the savings from those further went into efficient appliances and paying down debt.

    It’s like a catalyst for a better life.