personalfinance tip

Buy your own cable modem. They usually pay for themselves in 9 months and save you money after that.

Frustrated with my rising cable internet bill I called my ISP today (Time Warner Cable) to see why my rates had risen so much. They said my previous rate was a special and had expired, but suggested I buy my own cable modem as a way to cut down my bill. Looking into it a compatible (and fairly highly rated) cable modem was $70. Since I pay $8 a month in modem rental fees (which vary from ISP to ISP in the usual range of $6 to $10) this modem will pay for itself in 9 months and will save me $8 a month after that. It comes with a two year warranty, so even if it craps out at 2 years and a day I'm still guaranteed to save at least $120.