If you’re anything like us, you get a giant knot in your throat every single month when it comes time to pay your cable bill. You ditched your pay TV service long ago so it’s not quite as painful as it used to be. You’re still paying $50, $75, even $100 more for home internet service though, and it’s a tough pill to swallow. What you might not know, however, is that you’re paying more money than you should be. By using the cable modem given to you by your internet service provider (ISP), you’re paying an additional “modem rental fee” of between $8 and $10 each month. But guess what: you don’t have to.

Pick up a NETGEAR DOCSIS 3.0 340Mbps Cable Modem on Amazon for just $50. Then install it, call your ISP to activate it, and return your rented modem as soon as possible. You’ll see your bill drop by between $96 and $120 per year instantly — don’t worry, you can thank us later.

Some key details from the product page:

  • CM400 High Speed Cable Modem provides a connection to high-speed cable Internet with speeds up to 340Mbps. It is CableLabs certified and with DOCSIS 3.0 is 8X faster than 2.0. A Gigabit Ethernet port provides faster access and downloads
  • CableLabs Certified for U.S. Cable Internet Services—DOCSIS 3.0 is 8 times faster than DOCSIS 2.0
  • Works with Cable Internet Providers like XFINIITY, Time Warner Cable, Cox, Charter, Cablevision & more (not compatible with cable bundled voice services),Fast self-activation for XFINITY customers
  • 8×4 Channel bonding offers the fastest possible cable Internet speeds during peak hours —8 downstream and 4 upstream channels

340Mbps is faster than most home internet service, but if you want a model that supports even faster speeds, you have three options:

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