Monday, May 15, 2023

Junk Fees

One of the most aggravating things about cable TV -- remember having cable? -- is the collection of fees that are tacked on to the end of your bill.

Now, to be sure, cable TV services aren't the only ones to add extra fees to up your bill. Phone services do that. Well, most do. But, to be sure, cable TV services do that as well.

There are local broadcast fees, regional sports fees, and other administrative fees where it looks like they charge you a fee for charging you a fee. Administrative fees are part of the basic service, right? In reality, yes. But many of those services will add that to your bill, simply because they can.

So how much are these fees? Well, if you count all the fees -- not just from cable, but from everything else as well -- it adds up to a lot. According to one study, the average is nearly $600/year:

With the increase in inflation, many households are tracking their expenses more closely and are more aware of the cost of junk fees than ever. According to our survey, junk fees cost the average American an estimated $596 per year, with some consumers paying upwards of $1,000+ per year. On a national level, that would add up to over $190 billion taken out of American wallets annually.

Think about that. Nearly $50/month in junk fees. Being a streamer doesn't eliminate those. In fact, many people will simply replace cable TV with a cable like streaming service, and some services are adding fees just like cable.

I don't subscribe to a cable replacement service. My Streaming Life doesn't need it. But I am aware that I still have some junk fees I need to keep an eye on. You should watch for them as well.

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