Hey Bob! Sorry for resurrecting this old post but I just got into the cord cutting game for the first time.
My experience is much like Beagle below in that I'm an AT&T cable and internet user spending about the same on the cable part.
I cut the cord about a year ago. I had been paying AT&T U-verse $150/month for about 200 channels of crap and I could never find anything I wanted to watch!
we also have AT&T for internet - I increased our download plan to 50Mbps and dropped UVerse, bought an antenna to pick up local broadcasts, subscribed to Hulu and Amazon prime and I'm still saving nearly $100/month!
In my case, I'm 10 miles out of St. Louis on the Illinois side. The first purchase was an indoor digital antenna that just hangs on the window facing the city. I get about 5 main channels and each one has 3 or 4 sub channels so that's 20+ OTA channels.
Another thing I had to figure out was multiple rooms with TV. I wanted to go with a new TIVO OTA DVR but they want you to buy more equipment with each room. Also, in 2 of the 3 rooms with TV, I have dumb (older, non-HDMI/USB port) TVs. My low-cost solution to that was to purchase two of those $39 Amazon Firesticks and plug those into HDMI-to-Composite(RCA Cable) adaptors for each TV. Now all TVs are set up to stream video.
Final step was to purchase a
Tablo 4-Tuner OTA DVR. This one is nice since it just connects to my home network and digital antenna. I can stream live TV off the digital antenna on any TV in the house as well as record any of that through the Tablo. I can stream straight to my phone as well even away from home. I purchased an external USB drive for the Tablo to store recorded TV on, 4TB (excessive but $99 Amazon special).
I also subscribe to Netflix and Hulu (about $19/month total). So between the subscriptions and local TV, I'm covered fairly well and bye-bye to expensive cable.