Very happy to say my TV broke one day in 2010 and we never bothered to get a new one. Cut cable and went 50/50 on my neighbor's Wi-Fi costing us $25/mo.

Never missed TV, at all, ever. Never missed FOX, never missed NBC, never missed any of that crap. If I need TV, I use Netflix and trade my subscription to that with my friend's Hulu+ subscription (which is useless anyway)--I get both for the price of one. If I need new movies, I use the glorious world of torrents and online streams.

With so many incredible Netflix originals coming out as well.. cable's dead, man.

edit: To be fair, we did end up getting a very nice new TV very recently from a wealthy friend moving house.. Plugged in a one-time-purchase $35 Chromecast and might I say it is dopealicious. All my Netflix and YouTube on a huge TV and still no FOX.

Without cable, you save time out of your day, out of your life, and exponentially increase the average quality of content shoved into your face because you're just a bit more deliberate about going to watch something.