If you are a cable internet service subscriber, do you rent or own your cable modem? If you are renting your modem, you could easily save up to $120 a year by purchasing your own modem.
It seems like almost every year that we would receive another letter from the cable companies announcing yet another rate hike, so it is not a big surprise that they also charge a fee to rent the equipment needed to access their internet service. When I first signed up to Comcast over a decade ago, the modem rental fee was only $3 a month. Today it is $10 per month.