We use streaming. If you buy every possible streaming service, it will cost as much as a fully loaded cable plan (maybe more).
If you are selective, you can really cut the costs a lot and still have a wide variety of shows available.
Biggest downside is if you watch a lot of sports.
Also, assuming you are in range, you can supplement with over-the-air channels.
Our biggest problem is that it's easy to watch an entire series in a week or so and then we have to find a new series to watch. As opposed to the good old days of 5-6 channels and you watched what was on...It's a good problem to have.