I always get asked the same thing when I tell people we do not have cable, "WHAT DO YOU DO WITH YOUR TIME?!" Over and over... and over...
Well, I am able to get things done. Period.
Television did not even become popular until the 1960's. What did people do with their time before that? I also hear so many people saying, " There is just not enough time in the day." I often wonder how much time each of those people spend watching television.
When I was in Jr. High my mom (also my teacher) decided that we would give up TV. My brother and I did our schoolwork so much better from that point on. We, all of a sudden, had so much more time and focus on what was really important.
Another benefit is we do not see commercials. I did not realize how much the commercials controlled what I wanted. I hear people talking about the 'latest and greatest', and I want nothing to do with it. It really saves us a lot of money by not wanting constantly.
I also have to think about our baby that is on the way. We are not going to have her watching any television as an infant. Here is an article that explains my reasons http://www.wired.com/wiredscience/2011/10/infant-tv-guidelines/ .
So if you want more time in the day and are sick of the cable and electricity bill, get rid of cable!