There are many under 25 or 20 buck things to convert optical to RCA analog on amazon.
In the future supply make and model numbers and if you want the best showing from the members, a web link to the product's specs and manuals.
I have some wireless headphones that need to connect to red and white audio output ports. My Dynex tv is very basic and does not have any output ports or headphone jack or anything. It has hdmi ports and your standard component inputs. Is there something I can get that will work, keeping in mind I don't want to cut the speakers when using the headphones? My limited knowledge tells me I could plug in a receiver into the HDMI port then plug the headphones into the audio output of the receiver, but I don't even know if that would work, and I'd like to spend far less that the $100+ for a receiver. Any help would be great.