Did I win a lottery? Nope. I just tried to cut back on a $20 per month expense and ended up saving $20,000.
You can do it, too. Here’s how it works.
First up, my ISP– internet service provider– is my cable TV company, and they provide our family with a landline, too. Our burgeoning household is multi-generational, and one generation hasn’t jumped into the mobile device revolution just yet.
So, the cable TV company provides our internet connection and our home phone. The monthly total runs just over $170. With a few older iPhones floating around the house I thought I could save $20 a month and kill the cable TV company’s phone.
That wasn’t easy but it did save me $20,000.
As it turned out, we’ve been with the cable TV company so long that my current rates were grandfathered in, and any change to the old package would move us into a new package.
Translation: “Pay us more money.”
That’s right. The cable TV company wanted even more money each month if we canceled the monthly phone. Less service. More money.
Fortunately, we live in an area with a little competition. I told the cable TV representative that at $170 a month, I was giving them $2,040 a year, or, put another way, over $20,000 for the next 10 years; $40,000 for the next 20 years.
Why would they risk that by charging me more per month for fewer services?
Too bad, they said. Nothing they can do, they said. A package price is a package price, they said. Take it or leave it, they said.
I left it.
We decided to go without cable TV, a home phone, and internet service provider (all the same company) and see what would happen. After all, we have half a dozen iPhones floating around the household and there must be enough bandwidth for us to connect to whatever and whenever.
Plus, we found some kind of ancient technology on Amazon that was used centuries ago so people could watch television instead of using a cable TV company. It’s called an antenna, and it connects right to the TV and brings in nearly a dozen channels.
My cable TV company wouldn’t budge while I tried to save $20 a month, and ended up losing $20,000.