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Prepare to pay for your home Internet by the gigabyte

Prepare to pay for your home Internet by the gigabyte
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Are you one of the many people opting out of cable in favor of streaming gadgets like Apple TV and Roku and services like Netflix and HBO Now? The number of cord-cutters is increasing daily - one research company says 560,000 subscribers canceled cable just in the second quarter of 2015. Another firm says 11.7 million people have broadband Internet but not cable, up from 9.7 million last year.

This is obviously a problem for cable companies. Of course, for many of us, the cable company is also the Internet Service Provider, or ISP. And those companies intend to make up for the losses on the cable side.

You're likely used to unlimited data on your monthly Internet service plan. That's going to change, sooner or later. Comcast is already limiting certain markets to 300GB of data per month per subscriber, with each 50GB used costing $10 more. Just streaming a movie a day - not including your other online activity - could use that 300GB up.

Bonus: Get Kim's Guide to Cutting the Cord on Cable TV by clicking here

Expect other cable companies to follow suit, and adopt data plans similar to your cellular data plan. These big companies like their profits and they're adapting to the new wireless world just like their consumers are. They're even making apps for streaming devices so they can get you to use even more data.

What do you think of this move by ISPs? Is it only right that consumers pay for the amount of data they use, or are the companies being greedy? Let us know your opinion in the comments below.

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