Cutting the Cable

I am currently reading Your Money or Your Life, a wonderful book on personal finance that I've seen recommended by dozens of personal finance writers.  Reading this book inspired me to take a long, hard look at my own financial situation.

I've been working steadily for the past 12 years, and while I own my home, I don't feel like I have much to show for my years of work.  My retirement accounts are small.  My savings is not close to the amount I want it to be.  So, instead of accepting the situation, I decided to read everything I could get my hands on regarding personal finance and use my newly gained knowledge to get out of debt, save some money and have a life.

One money saving recommendation I see over and over is to cancel the cable or satellite television subscription.  The arguments are compelling and make sense:  paid television is a money and time waster, most content can be viewed online for free or via DVD rental services like Netflix. 

I've had cable since college.  If you had asked me even a year ago if I would get rid of cable, I would have said "no way."  But a lot has changed in a year.  I realized that I want to leave my current position and become a full-time teacher while pursuing a writing career.  Being debt free and having money in the bank will make that transition a lot easier.

I enjoy watching television, especially after a hard day of work.  However, I enjoy following my dreams even more, and if that means cutting the cable cord, then that's what I'm going to do.

Your Money or Your Life makes a strong correlation between being debt free and having the freedom to take risks and pursue goals.  I would much rather wait for my television shows to be released on DVD and have money in the bank and the ability to follow my dreams than to pay a monthly fee and be a slave to the television.

I chose to keep my money so I could have my life.


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