Cutting the cord will save you IF you only watch a few things. If you want hulu, netflix, showtime HBO, ESPN… pretty soon you are paying almost as much with fewer channels.
The only other downside to cutting the cord is channel surfing. I tend to watch several games at once and bounce back and forth, PIP etc. I hate commercials passionately. Hard to do with streaming. Also I am a heavy DVR/ON Demand user, again hard to do with streaming as some things get blacked out or take hours or days to get posted for viewing if you can’t watch live.
But the prices are ridiculous with cable etc. My car payment is less than TV. That’s wrong.
If you complain loud enough and threaten to cut the cord the companies usually will drop their fees pretty significantly to keep you if you complain long and loud enough. I just got comcast to lower my price by $100 for 2 years.