6 ways conventional wisdom wastes money
Cable and satellite trump rabbit ears
Most people could save boatloads of money if they dumped their cable or satellite plan -- possibly enough to fund a modest vacation.
If you're keeping cable or satellite because you think it has a better picture than rabbit ears, think again, Karp says.
"I think a lot of people think that if you get television over your antenna that somehow that's inferior to cable or satellite," he says. "But the picture's actually better since we switched over to digital."
Now that nearly all stations broadcast programming in a digital format, the picture captured by an antenna is less-compressed than it is through cable or a satellite system, Karp says.
"The best picture you can possibly get is with a regular rabbit ears antenna," he says.