About an hour after I arrived at my mom’s house for Christmas she came out of her room upset because they cable company had snuck in some hidden fees that added over $100 to her monthly bill.
The week before I had to call my cable company because I noticed that my bill went from around $100 to over $200 since I initially set up the service. In addition, I came across the story of Jeremy Zielinski, who sued Time Warner Cable because he received a monthly bill of $94.45 bill for his $34.99/month service.
For years, you may have noticed small premiums on your own monthly cable bills. And if you signed up for a low-cost introductory offer you might have failed to notice your bill typically doubles after the introductory period is over.
While introductory cable offers are around $50/month, NPD Group estimates the average customer will pay $123/month.
The key is to call your cable company every year to get your bill reduced to the introductory rate. If they give you a hard time let them know you will be discontinuing your service.
If you don’t do that this is how much it could be costing you. Sticking with the averages, if your monthly bill was $50/ month and it goes to $123/month that is an additional $73. If you invested the $73 each month for just twenty years, at 12% return, you would have $79, 142.
I hope those tv shows are worth it.
God bless you on your financial journey.
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