Since Caroline and Barbara have recently been extolling the virtues of frugal living, I thought I'd chime in and offer up a tip of my own: In this high speed internet age, you just might be able to survive without an expensive cable TV plan.

As crazy as it sounds, that's exactly what my husband and I have been doing for the past several months, and so far it's working out great! We recently downgraded our cable package from one of those 200+ channel options that was costing us around $80/month to a basic package — just the networks and a few other channels — for about $25/month. That's big-time savings for a small budget!

When we took stock of the channels that we actually watched, we found that there were only a handful that we regularly tuned into — and even then we were really focused on just a select few programs. One of my new favorite shows, Greek , is available via the ABC Family website so we can watch full episodes right there online. Furthermore, my husband got clued into the website www.hulu.com  and found that almost all of the shows we watch regularly are available (legally!) on that site. We hooked up our PC to the TV and viola! Television content delivered over the World Wide Web!

One disclaimer is that we're not HD junkies and can handle the occasional computer freeze-up which can happen when streaming video content online. For me, it's a small sacrifice to make for big monthly savings!

What do you think? Would this option work for you?