Morning Clowder.
To make the transition easier and reduce withdrawals, my personally recommended "Cut the Cable Kit" Would include the following:
Roku Box: - $80-$100 one time.
Tons of Apps / Channels with movies, sports, news, weather, music (and music videos) etc. Many TV networks have their own Roku apps, some let you watch latest episodes for free.
There's also hundreds of special interest type channels /apps including things like religion, cooking, exercise, home first aid, arts & crafts, politics, and lots pertaining to particular movie genres / eras.
Hulu Plus $7.99 per month.
Hulu takes care of most needs regarding recent TV. It has most all major TV networks covered. It has pretty much anything that airs on TV / cable available for streaming the next day. It generally keeps the last 5 or more episodes available as well. Some shows have many more episodes available up to and including the entire series. Hulu also has it's own selection of Movies, documentaries, and also airs many "TV Specials", it also has some original programming that's not too bad.
Netflix $7.99 per month.
We all know & love Netflix. Good selection of movies and lots of TV series. I consider this my "TV Archive" for when I want to catch up on a TV series I haven't seen before, being how they always keep the entire series available. Or if I feel like re-watching a full series. Also has some great original programming with more on the way.
Amazon Prime(optional) $99 per year.
Personally I would NOT recommend Amazon Prime unless you're also taking full advantage / in need of the free 2 day shipping. Most of the free (with prime) programming on Amazon can be found between the 2 services listed above or by other means.
If money's an issue and you "need" Amazon prime, I'd sub it for one of the above depending on your needs. However, even if you did do all of the above, it would still be much cheaper than most cable bills if broken down to a per month basis.
Also, you'd probably be surprised how much can be found that's streamable for free from the internet. Convenient if you have a PC or laptop connected to your TV. For example, my preferred local TV station has the 3-4 most recent local news reports available for free online 24-7. So whenever I get up, I can watch the 8 & 9am morning news broadcasts regardless of what time it actually is.
I tried Amazon for 1 year and let it lapse. But with just the above I'm never at a loss for things to watch. In fact I'd say your viewing habits tend to adapt to what you have available. So why pay for a bunch of crap, shoveled at you by the cable company, you're not watching anyway?
All you need s a good reliable semi-fast internet. For reliable streaming without a bunch of buffering, I'd recommend a minimum of 10Mbps. In fact you'd be hard pressed to find a slower service even being offered these days. Most places you'd probably have to ask for it.