MORE BANG FOR YOUR BUCK: Saving money by cutting cable - NBC12 - WWBT - Richmond, VA News On Your Side

MORE BANG FOR YOUR BUCK: Saving money by cutting cable

RICHMOND, VA (WWBT) -

How much do you pay for cable TV? You may love your must-watch TV shows, movies, sports, and news channels...but do you love the ever-rising costs to watch them?

Analysts expect the average pay-TV bill to hit $123 per month by 2015, then $200 by 2020. That's why Serena Appiah is among the "cord cutters" now watching TV and movies via the internet.

There are plenty of online options: Hulu Plus, Amazon Prime, Google Play, iTunes, and HBO Go, all being viewed on smart TVs, smart phones, computers and tablets.

Many cost as little as $6 to $8 a month - a few dollars per show. A few more for movies, with free options, too.

The hookup is relatively easy. With a streaming device or an HD antenna costing less than $100, analysts estimate one to two million homes "cut the cord" each year.

Serena still pays for internet and those content providers but without cable.

The challenges? Costs per provider, per show or movie add up...and you have to search, maybe wait, for shows, meaning you're gonna spend a lot more time and you may not save as much money as you want.

Technical problems? You could be on your own. Getting news and sports is hard - cable companies say they offer a better value.

The video streaming services provide a small sampling of the video that's available through cable.

Each streaming service varies with what programs it offers, so check with the provider and try it before you buy it.

Hulu and Netflix both offer a free one-month subscription so you can decide if either will work for you.

Copyright 2013 WWBT NBC12.  All rights reserved.

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