There are many ways to watch your favorite TV shows online now. Our new favorite way is to use a free service from Hulu.com. Hulu provides high quality streaming movies and TV shows. These are the movies you would expect to see on HBO or Cinemax. The great thing is that they play instantly, are on-demand and free. You might have to sign up for an account for movies that have an R rating.

If Hulu can’t quite satisfy your movie watching needs, we suggest subscribing to a Netflix account. Plans start at $4.99 plus tax and you can get 3 DVD/Blu-Ray movies at a time. You can also stream many of their movies online so you can watch them instantly. Unlimited hour plans are $16.99 per month plus tax. Still a lot less than most cable TV bills.

Don’t forget about YouTube.com, the most popular video-sharing site on the web. This site is good for quick clips usually under 10 minutes. YouTube can be used for entertainment, information and communication.

After all that, you can still opt to keep your TV for live sports and the latest news coverage, but at least you can cut down on the amount you spend each month by changing your cable package.  Eventually, the Internet might completely replace the TV as people’s main source of entertainment and information since it can do all of the things the TV can do but it offers something that the TV doesn’t, interaction.