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Every time I look at cutting cable with all the subscriptions you have to buy it costs almost just as much and is way more hassle.
Also, if you cut cable and "borrow" or straight steal streams than you aren't really cutting cable. Just leeching.
It just depends on what you want to watch. I cut cable and am paying on average $75 less per month than I was before, net of all on-demand/extra content we are buying now. And no, I don't steal or "borrow" any content. During football season, I could turn on SlingTV and with the sports add-on package, I could watch the SEC network and still be paying $50/month less than I was with cable. That said, I doubt we'll turn it for much of the season. Last year we didn't watch that many games at home anyway.
However, that works well for us because we don't really watch premium channels, and we've been able to find plenty of the cable content we wanted from services we already had (ie Netflix).
As far as it being more hassle, once we figured out where to find content and planned out the transition, our life is no different than when we had cable - it wasn't much different than switching to a different cable provider.
It comes down to a math problem - in my situation, the difference is $75/month, and the bit of research I did to figure out how to transition was worth the savings.