From the monthly archives:

August 2010

Last week my wife and I decided to make a drastic and radical change in our lives. It was a tough decision but after much thought we decided it was what was really best for both our finances and our family. WE CANCELED CABLE!  I know it sounds crazy but it turns out there really wasn’t any reason we had cable to begin with.

Think about it, why do you have cable? What do you really enjoy watching on TV? For us we love to watch shows like, NCIS, The Big Bang Theory, How I Met Your Mother, Two and a Half Men, Bones, Criminal Minds, and The Amazing Race. Do you know what all of these shows have in common? They are all big Network Television shows. Guess what folks, they still send that mind numbing goodness out over the air, and it is even in HD. I went out and spent $20 on an indoor lay flat antenna and I pick up ABC, NBC, CBS, and Fox. Not only do I pick them up clearly, I get them in HD, FOR FREE!

To supplement our lack of cable television shows we did go ahead and sign up for NetFlix at the $8.99 per month pricing tier. With that we can watch unlimited streaming movies/television shows as well as have 1 DVD out at a time. So far it has worked out pretty well, we can watch movies and I have started watching Dexter and hope to start watching Mad Men shortly. The best part is I don’t have to bother with commercials and I can watch a season of the shows at my own pace.

Lets look at how much this drastic change is going to save me over the long run. I was paying an eye popping $197 per month for Cable and internet. We reduced that to $45 by eliminating cable and knocking our internet bandwidth down one tier. That is a per month savings of $152.00 which works out to $1,824 over the course of a year. That is a HUGE savings for not really much of  sacrifice at all.

Why do you keep your cable or do you?

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I know it has been a while since I did an update, well of anything, but this in particular. The last Wealthy Blogger List was in May and it amazed me how most people haven’t moved a whole lot since then. I am sure this is mostly due to market fluctuations but it is interesting all the same. I hope to be cranking out some posts, at least one a week, in the foreseeable future. For now enjoy the updated list of the Wealthy Bloggers.

All changes are as of the last update:

SiteNet WorthVariance
Poorer Than You-30,587.00+$3,502.00
Deliver Away Debt-25,285.65*+$6,366.41
My Pretty Pennies13,178.00+$2,483.00
Spilling Buckets25,600.00*+$3,241.23
Couple Finance31,193.40*+$5,389.06
One Guys Money42,630.00*+$4,660.00
Punch Debt in the Face46,186.00+$4,397.00
My Money Shrugged58,822.40+$6,082.50
Suburban Dollar88,170.00NRY
One Mans Money93,035.08*+$2,119.38
A Gai Shan Life107,163.03+$6,822.43
Me In Millions107,398.92+$1,087.78
No More Spending158,410.00+$36,664.00
The Financial Blogger149,884.00*+$21,144.00
Budgets are Sexy164,387.81*-$1,874.12
Money Really Matters321,940.05*+$55,807.87
Consumerism Commentary365,647.00*+$8,815.00
Million Dollar Journey463,700.00*+$25,030.00
Free by 50652,554.00*-$5,305.00
2Million Blog663,869.26*-$7,734.66
Enough Wealth808,200.00*-$1,200.00***

NRY=Not Reported Yet

* Reported net worth includes value of assets like cars and homes.

***The net worth was converted from Australian dollars to US Dollars using WolframAlpha.

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