1.  Cut bills -  Depending on your options, cable TV can cost from about $30-90 per month, averaging about $60.  That’s $720 a year that you could save up or spend on something else.

2. Save electricity – Not a large amount, but still, you could save $20-50 per year by turning off the TV.

3. Skip commercials – They pay the bills – for the sponsors, not for you.  Don’t be tempted to buy more just because you see it advertised.

4. Get more free time -  The average American spends more than five hours a day watching TV.  Five hours!  Imagine giving up some of that time and doing so many other things instead – spending time with family, getting exercise, reading a good book, pursuing hobbies or maybe earning extra dollars with a second job.

5. Cut stress - When you spend five hours a day watching TV, you have to squeeze the rest of your life into the remaining, limited time.  With less time watching TV, you can accomplish other things at a more leisurely pace instead of feeling so frantic.

6.  Eat better – Lots of TV watching leads to fast food, convenience food and fatty snacks in front of the tube.  Skip a show and spend the hour cooking a healthy meal.

7. Improve your health and fitness - Obviously, watching TV is sedentary, plus it means you have less time available to exercise.

8. Communicate better – TV takes the place of conversation in too many households.  Watch less, talk more, and feel closer to your family.

Hulu  — Hulu is the big name in streaming video for a reason, carrying shows from Disney, Fox and NBC.

TVGuide.com — TV Guide offers lots of full-length TV episodes, clips and exclusive interviews on its website.

YouTube — Online video king YouTube now carries some full length TV shows, along with the usual viral videos of laughing babies and such.

SlashControl — AOL’s new SlashControl offers content from a lot of different sites including TV.com, Hulu and Fancast. The site also offers full-length movies.

Photo courtesy of Flickr

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10 Reasons You Should Cancel Your Cable TV Right Now