Fot those thinking about saving money in an shrinking economy, lets check the alternatives.
Let go of your expensive cable TV subscription. Instead make a new combination for your viewing habits with online viewing and a live TV-set together with no cost per month digital-TV.
The thing is to question why in heaven you really need cable TV. It is on it´s way to become old fashioned. Also, it is fairly expensive. You are stuck with a limited selection of TV-channels, you need to set your watch to not miss out on your favorite show and it is really not very flexible. Convenient, yes, and a habit, yes, for now.
But think about it. If you unplugg your cable TV you will save at least $30 a month. Keep your internet connection for maybe $20 a month. Get a converterbox for digital TV and hook it up to your TV set and you will have acccess to local and national TV stations for news and local information. That is a one time cost of $60. (check your antenna though). In two months time you start to save money. And gain in flexibility.
Then log on to you tube, nbc.com, hulu, itunes and many more outlets of on-demand TV and video.
I can recommend an apple TV or maybe an Xbox that can provide you with movies and podcasts. Did you know that most of the newschannels that you can watch on your TV set are available as podcasts? It´s great. You dont need to set your watch to view the show and you skip commercials. I think podcasts are the biggest thing since TV came to earth. Also, it is fully loaded with new formats for niché TV. I use Itunes, Ipodtouch and an Apple TV to keep up in the news flow and get inspiration. I watch podcasts more than broadcasts. It is a relieve for anyone with kids (you decide when, where and what you view).
Also, there is more on your way. Youtube will release old movies and TV-shows from MGM. More people watched Saturday Night Live with Tina Fey as Sarah Palin online than as a broadcast, writes Mike Musgrove at Washingtonpost. That is a sign if any.
Now you can start deciding about your money and your habits. Crisis and change come with possibilities.