Cutting the cord - learn how giving up a few tech luxuries can save money!
As access to technology keeps growing, so do the expenses we end up paying for them. From getting the most out of subscription TV to carrying around the most expensive smartphone, it’s no wonder a lot of money is going towards technology-based luxuries. Here are just a few types of technology devices and services that people regularly spend money on:
- Smart / mobile phones
- Subscription / pay TV
- Tablets / laptops
- In home internet
- Subscription music services
In addition to paying for devices, as you can see, you’re more than likely also paying for services or “extras” to make the most out of the devices that you own.
But did you know that if you cut the cord on even one or two technology luxuries, you could be saving a lot of money each and every year? Netflix alone costs several dollars per month and going without can save you over $100 per year. While that may not seem like a lot of money, it’s extra money to save or pay down debt. Going a step further, going without a mobile phone plan for a year could easily save you several hundreds of dollars per year!
Most people say that they can’t go without their smartphones, but it was not too long ago where smartphones didn’t even exist. Plus, when considering cutting the cord and cancelling a few tech luxuries, you don’t have to go big. Cancelling a music subscription service and one subscription TV service can still save hundreds per year.
Not ready to cut the cord, but still want to learn how to save money on expenses? Check out our tips on how to save on utility bills this winter!