The LearnVest Pro-Con List: Should I Cut the Cord on Cable TV?

The LearnVest Pro-Con List: Should I Cut the Cord on Cable TV?

In our new series, “The LearnVest Pro-Con List,” we’re helping you think through the positives and negatives of a common financial choice you may have to make.

The ultimate goal: to give you a quick-hit guide that can help you make a more informed decision.

Today, we're looking at a question on a lot of people's minds—whether it’s finally time to cut cable out of your entertainment equation.

Once upon a time, doing all of your TV viewing online was a fringe move made solely by the über-techy.

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Well, times have changed: Last year 1.4 million households canceled their pay TV services.

And shifting demographics means that "cord-nevers"—people who didn't bother with cable in the first place (read: Millennials)—are on the rise.

But while ditching your cable subscription will save you money, there are factors to weigh if you're subbing in other services, like the cost of new equipment or the restricted ability to catch live events.

Since everyone’s financial situation and TV-watching habits are different, we’ve come up with a handy pro-con list to help you evaluate whether cord-cutting is right for you.

RELATED: Are Subscription Boxes Worth the Money?

ProCon-CutCable3LearnVest Planning Services is a registered investment adviser and subsidiary of LearnVest, Inc., that provides financial plans for its clients. Information shown is for illustrative purposes only and is not intended as investment, legal or tax planning advice. Please consult a financial adviser, attorney or tax specialist for advice specific to your financial situation. LearnVest Planning Services and any third parties listed, linked to or otherwise appearing in this message are separate and unaffiliated and are not responsible for each other’s products, services or policies. LearnVest, Inc., is wholly owned by NM Planning, LLC, a subsidiary of The Northwestern Mutual Life Insurance Company.

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