I'm bumping this old thread because I just cut the cord.
In a nutshell, it's been a mixed bag. It basically comes down to your tech savvy and TV viewing habits.
When i had cable, my monthly bill was about $115, for 1 dvr, 1 cable box, an entire tier of channels, and high speed internet. This was after regular haggling and veiled threats to leave the company. If i hadn't done that, the bill would have crept up to $150 a month.
About 3 or 4 months ago, i cut the cord. i bought a $50 Amazon Firestick, learned how to jail break it using a Youtube video and loaded some Kodi software to access a host of movies and TV shows. I use a combination of a TV antennae, Sling, Amazon Prime and an on/off subscription to Netflix. I pay $33 a month for Sling (blue package) and $8 for a basic Netflix package. My internet is $50 (I use their modem).
My monthly TV/Internet costs dropped from $115-$135 a month to $83-$93. This is significant, when you're trying to pay down debt like I am.
The Kodi movie library is endless!
The Firestick has an an assortment of interesting apps and channels
Getting Youtube on my TV set is pretty cool and adds a lot to what I can watch.
I'm a sports fan and now must listen to my favorite baseball and basketball games on the radio.
About 2x a day, the Firestick loses the wifi signal and freezes. It's annoying to have to exit the program or reboot it entirely. If I had guests, it would be embarrassing. I have reset my wifi and called the Firestick help line. Hopefully this will improve.
I can't DVR programs
Kodi is not intuitive or user friendly
Overall, if you're mildly annoyed with your cable bill, call and haggle every six months or so. Ask for special deals.
If you're REALLY annoyed with your cable bill, call and threaten to leave the company; see if they will offer a special deal to retain you. If that's STILL not enough and you have the tech savvy to handle setting up a Firestick, etc., then go for it.